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Europe
Sanctions
EU Council Approves Law Criminalising Sanctions Violations
By Editors | 14/04/2024
It will be a criminal offence in all member states to help someone bypass a travel ban or trade in sanctioned goods.
Sanctions
LME, CME Barred from Accepting Three Key Russian Metals
By Editors | 12/04/2024
The LME and CME can no longer accept new aluminum, copper, and nickel produced by Russia. Existing stocks are exempt from the ban.
Crypto / Digital Assets
ESMA Examines Crypto Risks Ahead of MiCA Implementation
By Nithya Subramanian | 12/04/2024
ESMA warns of concentration risks and inadequate transparency, but says MiCA will help address such issues.
Market Infrastructure
UK FCA Proposes to Relax Research Unbundling Rules
By Nithya Subramanian | 12/04/2024
The FCA will allow bundling of payments for research and trade execution, making it easier for asset managers to buy research produced outside the UK.
Sanctions
Sanctions Against Two Russians “Not Justified”, EU Court Rules
By Editors | 12/04/2024
The court ruled that there wasn’t enough evidence to include Russian billionaires Mikhail Fridman and Petr Aven on the EU sanctions list.
Capital / Liquidity
Switzerland Proposes Tighter Regulatory Requirements for Big Banks
By Nithya Subramanian | 11/04/2024
The Swiss Federal Council proposes to expand capital, liquidity and corporate governance requirements for D-SIBs, among other measures.
Enforcement
US PCAOB Penalises KPMG, Deloitte for Exam Cheating
By Nithya Subramanian | 11/04/2024
KPMG Netherlands was fined USD 25 million and Deloitte affiliates in Indonesia and Philippines were fined USD 2 million.
Capital / Liquidity
EU May Adjust Bank Capital Rules to Ensure Competitiveness
By Nithya Subramanian | 11/04/2024
The European Commission could adjust bank capital requirements to maintain a level-playing field internationally for EU banks.
Market Infrastructure
EU Seeks to Coordinate T+1 Transition with UK, Switzerland
By Editors | 11/04/2024
The European T+1 Industry Task Force said alignment will reduce the complexity for multi-jurisdictional firms and minimise scoping issues.
Sanctions
EU Starts Work on 14th Russia Sanctions Package
By Editors | 10/04/2024
Valdis Dombrovskis said the 14th package against Russia would have a “strong anti-circumvention focus” and “should be adopted in spring”.
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