Europe

Capital / Liquidity

Credit Suisse Bondholders Sue Switzerland in New York Court

By Nithya Subramanian | 08/06/2024

The lawsuit accuses Switzerland of “unjustly violating the property rights” of holders of Credit Suisse AT1 bonds.

Sanctions

Whistleblower Alleges AWS Breached UK Sanctions – Report

By Editors | 08/06/2024

A former AWS employee alleges he was unfairly dismissed for raising concerns about facial recognition technology being illegally supplied to Russia.

Fintech / Regtech

Hackers Put Stolen Santander Data Up for Sale – Reports

By Editors | 05/06/2024

The hacking group reportedly stole 30 million customers’ bank account details and 28 million credit card numbers, among other information.

Market Infrastructure

ECB Consults on Guidance for Outsourced Cloud Services

By Mark Johnston | 05/06/2024

The guide covers governance of cloud services, disaster recovery, data security and confidentiality, exit strategy, and other areas.

Crypto / Digital Assets

ESMA Issues Conflict of Interest Rules for Crypto Firms

By Editors | 05/06/2024

ESMA says crypto firms may be “vertically integrated” but must be able to identify, prevent, manage and disclose conflicts of interest.

Crypto / Digital Assets

UBS Group Completes Acquisition of Credit Suisse

By Editors | 03/06/2024

“Today we have achieved a significant milestone in our integration journey,” said UBS CEO Sergio Ermotti.

Sanctions

EU Joins Allies in Targeting DPRK-Russia Arms Trade With Sanctions

By Editors | 03/06/2024

The EU announced sanctions against six individuals and three entities for sanctions evasion and providing military support to Russia.

Sanctions

US, EU Announces Sanctions Targeting Iran Drone Programme

By Editors | 03/06/2024

The action aims to “disrupt Iran’s production and proliferation of deadly UAVs that continue to be used by Russia against Ukraine and by regional terrorist proxies.”

Fintech / Regtech

ESMA Issues Guidance on Use of AI by Investment Firms

By Nithya Subramanian | 03/06/2024

The guidance focuses on the organisational, conduct of business, and best interest requirements under MiFID II.