Europe

Capital / Liquidity

UK FCA Intensifies Oversight of Bank Risk Assessment

By Editors | 13/09/2023

Risks from customers can affect a bank’s ability to have enough liquidity in challenging markets, the FCA’s Simon Walls said in a letter to bank CEOs.

Securities / Derivatives

India to Explore Allowing Domestic Firms to Directly List in London

By Editors | 13/09/2023

India’s government will explore the London Stock Exchange as an international destination for the direct listing of Indian companies.

Sanctions

EU Imposes Human Rights Sanctions Against Russian Judges, Prosecutors

By Editors | 13/09/2023

The EU Council said Russia’s judiciary is “not independent” and is “used to systematically and severely violate the human rights of individuals opposed to the ruling regime”.

Sanctions

EU Issues New Guidance on Preventing Sanctions Circumvention

By Editors | 11/09/2023

If sanctioned items are exported to third countries and then re-exported to Russia, the underlying due diligence inadequacies will be considered sanctions law violations.

Crypto / Digital Assets

UK FCA Issues Guidance on New Crypto Advertising Rules

By Manesh Samtani | 10/09/2023

The FCA is “concerned” about crypto firms that have not engaged with it on the new advertising rules, which come into force next month.

Market Infrastructure

Trade Bodies Call on Policymakers to Scrap EU Clearing Proposal

By Editors | 10/09/2023

A proposed requirement for market participants to hold active accounts at EU CCPs will be detrimental to EU capital markets, the trade bodies say.

Enforcement

US, UK Jointly Sanction Trickbot Ransomware Actors

By Editors | 08/09/2023

The US and UK sanctioned 11 members of the Russia-based cybercrime gang. The DOJ unsealed indictments against 9 individuals, including 7 of the sanctions targets.

Securities / Derivatives

HKEX Expands Global Footprint with New London Office

By Editors | 08/09/2023

The new London office together with a New York office opened in June give HKEX a presence in the world’s three major time zones.

AML / KYC

UK to Designate Wagner Group as Terrorist Organisation

By Sanday Chongo Kabange | 07/09/2023

The draft order to proscribe Wagner Group is expected to pass in Parliament and come into force on 13 September.