Europe

Securities / Derivatives

EU, US, UK Authorities Grant Relief on Call Recording Rules

By Editors | 23/03/2020

ESMA, the CFTC and the FCA have each indicated that financial firms can consider alternative mitigating steps in circumstances where call recording with clients is not possible.

ECB Launches €750b Emergency Asset Purchase Programme

By Editors | 20/03/2020

The ‘Pandemic Emergency Purchase Programme’ will include purchases of public and private securities, including non-financial commercial paper and Greek sovereign bonds, until end-2020.

Market Infrastructure

ESMA Defers SFTR Start Date for Phase One Reporting Entities

By Editors | 19/03/2020

ESMA now expects trade repositories, credit institutions, investment firms to be ready for SFTR reporting from 13 July, alongside CSDs and CCPs.

Capital / Liquidity

ECB Announces Stimulus Measures, Banks Granted Regulatory Relief

By Editors | 13/03/2020

The measures include liquidity facilities to help businesses, targeted asset purchases, and relaxed regulatory requirements for banks.

Market Infrastructure

Eurex Approved to Offer Clearing Services in Japan

By Editors | 12/03/2020

The FSA licence will allow Japanese financial institutions to combine their listed and OTC euro yield curve businesses in one single place, Eurex says.

AML / KYC

European Banking Federation Publishes AML Blueprint

By Editors | 11/03/2020

The EBF identifies four priorities that need to be addressed, from which it has formulated 20 concrete policy recommendations detailed in the blueprint.

AML / KYC

UK Plans New Levy on FIs to Help Combat Money Laundering – Report

By Editors | 09/03/2020

The Economic Crime Levy is expected to come into force in the next 2-3 years to raise money for new technology for law enforcement and to hire more financial investigators.

ESG / Sustainability

FCA Proposes ‘Comply or Explain’ Approach to Climate Disclosures

By Editors | 08/03/2020

The FCA proposes to require companies with a UK premium listing to either make climate-related disclosures consistent with the TCFD recommendations, or explain their non-compliance.

Market Infrastructure

Trade Bodies Publish EMIR Reporting Best Practices Matrix

By Editors | 01/03/2020

The best practice matrix is aimed at providing an agreed and standardised market guide for firms to use to comply with EMIR trade reporting requirements.