Europe

Fraud, Scams & Cybercrime

BaFin Efficacy Called into Question for Wirecard Handling

By Manesh Samtani | 22/06/2020

Last February, BaFin responded to whistleblower allegations and critical media reports by banning short-selling in Wirecard and filing criminal charges against journalists.

Clearing & Post-Trade

What CSDR’s Settlement Discipline Regime Means for Asia’s Buy-side

By Matt Johnson | 22/06/2020

CSDR’s Settlement Discipline Regime could expose Asian firms to settlement failure penalties on their trades with EU counterparties, writes DTCC’s Matt Johnson.

Anti-Money Laundering

European Fintechs Launch New Industry Association

By Editors | 19/06/2020

The European FinTech Association will seek to remove cross-border barriers in financial services, including to streamline fragmented AML rules and address IBAN discrimination.

Anti-Money Laundering

UK FCA Fines Commerzbank $47m for 5 Years of AML Failures

By Editors | 19/06/2020

Commerzbank’s London Branch failed to conduct periodic due diligence on clients, address transaction monitoring weaknesses, and to have adequate CDD policies and procedures in place.

Trading & Investment

China Pacific Insurance Lists GDRs in London

By Editors | 17/06/2020

The issuance is the largest capital raising on the LSE in three years, even at a 10% discount to China Pacific Insurance’s corresponding A-shares in Shanghai.

Anti-Money Laundering

Green Crime: A Global Challenge Requiring a Global Response

By Editors | 17/06/2020

A coherent global response and unifying standards are needed to tackle illegal wildlife trade and environmental crime. Financial institutions have a crucial role to play.

Trading & Investment

Shanghai Bourse Lists First ETF Tracking French Stocks

By Editors | 15/06/2020

The listing of the new ETF represents the culmination of the SSE’s capital markets cooperation with Euronext, following an MOU signed in October 2018.

Clearing & Post-Trade

EC Proposes Simplified Approach to Supervising Non-EU CCPs

By Editors | 14/06/2020

Under the new approach, third-country CCPs that are not deemed systemically important will only be subject to basic ESMA supervision, relying on ‘comparable compliance’.

Structural Regulation

High-Level Forum Charts Course to Achieve EU Capital Markets Union

By Editors | 11/06/2020

In a new report, the EU’s High-Level Forum on capital markets union offers specific recommendations on developing deeper, more dynamic and more harmonised markets across EU member states.