Europe

Clearing & Post-Trade

ESMA Postpones CSDR’s Settlement Discipline Regime

By Editors | 31/08/2020

The regime was initially due to come into force from September 2020 before it was deferred to February 2021. The new effective date is 1 February 2022.

Trading & Investment

Brokers Push Back Against ASIC Proposal to Limit CFD Leverage

By Editors | 30/08/2020

Foreign exchange brokers expressed concerns that the proposals are overly stringent, infringe on investor freedoms, and may result in regulatory arbitrage.

Sustainable Finance

BOT, UK Government Agree to Cooperate in Financial Services

By Editors | 16/08/2020

The MoU will see increased cooperation in areas such as accounting standards, governance and transparency, fintech development, and sustainable finance.

Cloud & Infrastructure

EBA Launches Industry Survey on RegTech Adoption

By Editors | 12/08/2020

The EBA is looking to identify the main barriers and risks of using RegTech and potential ways to support its uptake across the EU.

PEPs & Sanctions

EU Imposes First Sanctions Against Cyber Attackers

By Editors | 03/08/2020

Measures will be taken against six individuals and three entities, including travel bans, asset freezes, and a prohibition on obtaining funding from the EU.

Payments & Settlements

Italian Banks Adopt Blockchain to Reconcile Interbank Transactions

By Editors | 31/07/2020

55 banks are using a blockchain platform to share interbank transfer data and reconcile transactions, an initiative made possible by a rule change last May.

Clearing & Post-Trade

ESMA Set to Defer CSDR’s Settlement Discipline Regime

By Editors | 29/07/2020

The European Commission asked ESMA to consider a one-year deferral in light of operational pressures on firms and other market developments amid the Covid-19 pandemic.

Market Data & Technology

Refinitiv Launches Term SONIA Reference Rate Prototype

By Editors | 22/07/2020

Refinitiv’s announcement follows the launch of a beta version of term SONIA reference rates by ICE Benchmark Administration earlier this month.

Supervision & Enforcement

ESMA Opens Probe Into Germany’s Wirecard Response

By Editors | 19/07/2020

ESMA’s fast track assessment will focus on whether BaFin and accounting watchdog FREP properly applied European guidelines on enforcing the reporting of financial information.