Europe

Crypto / Digital Assets

BIS, BOE Unveil Findings from Payments Synchronisation Project

By Manesh Samtani | 19/04/2023

Project Meridian demonstrated the ability to synchronise property ownership transfer with payment settlement using central bank money.

Securities / Derivatives

Two More Chinese Firms List GDRs in Switzerland

By Editors | 19/04/2023

The listings come despite last month’s reports that Chinese regulators had stopped accepting applications from mainland firms seeking to issue GDRs in Switzerland.

AML / KYC

UK Watchdog Faces Surge in AML Whistleblower Reports

By Mark Johnston | 18/04/2023

The UK FCA has received 141 reports from insiders who raised concerns about their firms’ AML controls in the past six years.

Fintech / Regtech

UK Regulators Announce Next Steps for Open Banking Regime

By Mark Johnston | 18/04/2023

A new body will be created to boost the uptake of open banking in the UK and extend its benefits to other sectors of the economy.

Crypto / Digital Assets

UK Regulator to Impose Limits on Stablecoin Payments

By Mark Johnston | 18/04/2023

The BOE and the FCA will propose new rules by year-end to ensure stablecoins are redeemable in fiat money and do not threaten financial stability.

Market Infrastructure

BOE, CFTC Strengthen Supervisory Cooperation on CCPs

By Editors | 18/04/2023

The Bank of England will rely on the CFTC for supervision and oversight of US-based CCPs offering clearing services in the UK.

Big Picture

AFME, FESE Call for Action on EU Consolidated Tape

By Editors | 17/04/2023

Ahead of EU trilogues on the MiFIR Review, AFME is highlighting the important role of systematic internalisers and FESE is calling for a PFOF ban.

Enforcement

US and Allies to Cooperate to Displace Russia from Nuclear Energy Market

By Editors | 17/04/2023

The US, UK, Canada, Japan and France will leverage their resources and capabilities to undermine Russia’s grip on supply chains.

Sanctions

G7 Says Switzerland Is Not Doing Enough to Combat Sanctions Evasion

By Editors | 17/04/2023

Switzerland, though officially neutral, has frozen Russian assets worth about a third of the EUR 21.5 billion frozen across the EU.