Europe

Sanctions

OFAC Sanctions Four Targets Over Sanctions Evasion Scheme

By Editors | 15/05/2024

The targets were involved in a scheme to disguise the ownership of shares to facilitate divestment by a sanctioned Russian oligarch.

Securities / Derivatives

FCA Offers Recommendations on Avoiding Surveillance Failures

By Manesh Samtani | 14/05/2024

The FCA says failures of market abuse surveillance are often caused by faulty implementation, bugs, and incomplete data ingestion.

Fintech / Regtech

China, France Commit to Jointly Address AI Risks

By Editors | 10/05/2024

The two countries jointly commit to promoting safe, secure, and reliable AI systems for the “common good”.

Sanctions

EU Ambassadors Agree on Use of Frozen Russian Assets

By Editors | 10/05/2024

90% of the interest generated from the frozen Russian state assets will be used for military aid for Ukraine.

Enforcement

FCA Defends Proposal to Name Firms Under Investigation

By Editors | 09/05/2024

The government, lawmakers and industry worry that the ‘name and shame’ approach will harm the market and individual companies.

Crypto / Digital Assets

EBA Publishes MiCA Standards for Stablecoin Authorisation

By Editors | 09/05/2024

New standards also set out the information that must be submitted for acquisitions in issuers of asset-referenced tokens.

Crypto / Digital Assets

Singapore, UK to Boost Fintech, Green Finance Cooperation

By Nithya Subramanian | 09/05/2024

MAS and HM Treasury will collaborate to develop and finance green finance and energy transition projects in APAC.

Sanctions

OFAC Removes Sberbank Switzerland from Sanctions List

By Editors | 09/05/2024

Sberbank sold its Swiss subsidiary in September 2022 and the bank was then renamed to TradeXBank Ltd.

Market Infrastructure

ESMA Seeks Input on Changes to UCITS Framework

By Mark Johnston | 09/05/2024

ESMA seeks input on expanding UCITS eligible assets to crypto, catastrophe bonds, emission allowances and other asset classes.