Europe

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    Crypto / Digital Assets

    ECB Official Says MiCA Still Needs Further Strengthening

    By Manesh Samtani | 10/04/2023

    Pre-collapsed FTX and today’s Binance would not meet the threshold for classification as ‘significant’ CASPs. Even if they did, stricter requirements wouldn’t apply.

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    ESG / Sustainability

    EU Consults on Taxonomy Environmental Objectives

    By ESG Investor | 09/04/2023

    The European Commission is consulting on additional criteria in EU taxonomy delegated acts.

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    Crypto / Digital Assets

    ‘Genesis’ Darknet Market Sanctioned and Shuttered by Authorities

    By Editors | 06/04/2023

    Law enforcement arrested 119 people and conducted 208 property searches in connection with Genesis Market, a criminal marketplace believed to be located in Russia.

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    Market Infrastructure

    Industry Bodies Say EU BMR Presents ‘Cliff-edge Risks’

    By Editors | 05/04/2023

    Industry bodies say only benchmarks designated as systemically important should be in scope of BMR for mandatory compliance.

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    Enforcement

    UK Steel Traders Jailed for $500m Trade Finance Fraud

    By Mark Johnston | 05/04/2023

    Three senior executives of Balli Steel were sentenced to prison for using fake documents and contracts to obtain loans.

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    Crypto / Digital Assets

    FTX EU Begins Allowing Customers to Withdraw Funds

    By Editors | 05/04/2023

    FTX EU set up a website through which balances can be verified and requests for withdrawals in fiat currency can be made.

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    Enforcement

    Germany Bans EY for Two Years Over Wirecard Audits

    By Editors | 04/04/2023

    Germany’s auditor regulator also fined the company €500,000, and five of its current and former auditors between €23,000 and €300,000.

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    Market Infrastructure

    UK FCA Announces Decision on Synthetic USD LIBOR Rates

    By Editors | 04/04/2023

    1-, 3- and 6-month synthetic USD LIBOR rates will continue to be published for 15 months after the USD LIBOR bank panel ceases on 30 June.

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    UK Launches Review of Senior Managers Accountability Regime

    By Editors | 03/04/2023

    The review seeks stakeholders’ views to identify ways to improve operational and legal aspects of the Senior Managers and Certification Regime.

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    Capital / Liquidity

    Swiss Prosecutor Opens Criminal Probe Into Credit Suisse Takeover

    By Editors | 03/04/2023

    The prosecutor is looking into potential breaches of Switzerland’s criminal law by government officials, regulators and bank executives.

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