Europe

Switzerland, US to Strengthen Information Exchange Under FATCA

By Editors | 28/06/2024

The US will receive tax information from Switzerland automatically, and Switzerland will also be able to receive information from the US.

AML / KYC

New AMLA to Receive EBA’s AML/CFT Powers by End 2025

By Editors | 27/06/2024

The EBA said it will transfer its AML/CFT powers and mandates to the AMLA by the end of December 2025.

Securities / Derivatives

CFTC Approves Four Comparability Determinations for Foreign Jurisdictions

By Editors | 26/06/2024

Certain swap dealers in Japan, Mexico, the EU, and UK can satisfy certain US capital and financial reporting requirements by complying with home country rules.

Crypto / Digital Assets

France, Luxembourg Publish Results of Bond Tokenisation Project

By Editors | 26/06/2024

Project Venus highlighted the potential for wCBDC and DLTs to improve access, security, and efficiency of digital capital markets.

Sanctions

EU Imposes New Cyber Sanctions Against Six Russian Actors

By Editors | 25/06/2024

The sanctions target two ‘Callisto group’ members, two ‘Armageddon hacker group’ members, and two others involved in deploying ‘Conti’ and ‘Trickbot’ malware.

Securities / Derivatives

Invesco Launches First European ETF Tracking ChiNext

By Nithya Subramanian | 25/06/2024

The fund will invest in companies involved in innovative sectors such as artificial intelligence, electric vehicles, robotics and biotech.

Crypto / Digital Assets

EU Council Formally Adopts 14th Russia Sanctions Package

By Editors | 25/06/2024

The measures target Russia’s LNG sector, sanctions circumvention, the finance sector, Russian disinformation, dual-use goods, and 27 “shadow fleet” vessels.

Crypto / Digital Assets

SNB Extends CBDC Project ‘Helvetia’ for Two More Years

By Editors | 24/06/2024

The SNB said it has become “the world’s first central bank” to carry out a monetary policy operation in a live production environment using DLT.

Fintech / Regtech

EU Commission Launches Consultation on Use of AI in Finance

By Editors | 23/06/2024

The consultation and a series of workshops target all financial stakeholders, covering use cases, benefits, barriers, risks and stakeholder needs.