Europe

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    Market Abuse

    Former Trader Settles $150m Lawsuit Against Deutsche Bank

    By Nithya Subramanian | 11/07/2024

    Matthew Connolly accused the German bank of making him a scapegoat by lying to prosecutors.

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    PEPs & Sanctions

    Switzerland Expands Sanctions Against Russia

    By Editors | 10/07/2024

    The targets align with the EU’s 14th package, but measures targeting the energy, financial and goods sectors are still being examined.

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    Anti-Money Laundering

    Five Chinese Money Launderers Arrested in Spain

    By Manesh Samtani | 09/07/2024

    The head of an alleged Chinese criminal network was among those arrested during the Europol-supported operation.

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    Anti-Money Laundering

    Nordea Charged for Laundering $3.8b for Russian Clients

    By Editors | 08/07/2024

    Danish authorities said Nordea did not adequately investigate transactions by Russian clients and ignored other warnings.

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    Stablecoins

    Circle Secures First Stablecoin License under EU’s MiCA Framework

    By Nithya Subramanian | 05/07/2024

    Circle Mint France will issue the euro-denominated EURC stablecoin and USDC in the European Union in compliance with MiCA.

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    Anti-Money Laundering

    EBA Publishes Travel Rule Guidelines for Crypto Sector

    By Editors | 05/07/2024

    The guidelines specify the information that should accompany crypto transfers, and what CASPs should do when information is missing.

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    Cryptocurrency

    ESMA Publishes Trade Transparency Standards for MiCA

    By Editors | 05/07/2024

    ESMA report includes standards for how crypto trading platforms should publish data required for pre-and post-trade transparency.

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    Resolution & Recovery

    UBS Completes Merger With Credit Suisse Swiss Unit

    By Editors | 02/07/2024

    Sabine Keller-Busse, President of UBS Switzerland said the completion of the Swiss entities’ merger marks an important milestone.

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    PEPs & Sanctions

    UniCredit Seeking Clarity on ECB’s Russia Exit Orders

    By Editors | 02/07/2024

    The ECB ordered UniCredit in May to further speed up its withdrawal from Russia. The bank is seeking legal clarity on its obligations.

    Clearing & Post-Trade

    ESMA Extends TAIFEX Recognition to Cover TWD NDFs

    By Editors | 02/07/2024

    ESMA recognised TAIFEX as a TC-CCP in December 2022 initially just for interest rate swaps. TWD non-deliverable forwards are now approved.

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