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Europe
Securities / Derivatives
No Active Negotiations to Resolve India CCP Issue: ESMA
By Editors | 23/03/2023
EU banks will face a 1,250% risk weight on exposures to Indian CCPs after April. French and German regulators have given their banks 18 extra months to terminate Indian CCP memberships.
Crypto / Digital Assets
Eurex to Launch Europe’s First Bitcoin Futures Contract
By Editors | 23/03/2023
The contract, developed in partnership with FTSE Russell and Digital Asset Research, will launch on 17 April 2023.
ESG / Sustainability
FCA: ESG Benchmarks Have Potential for “Widespread Failings”
By ESG Investor | 23/03/2023
Following a review of ESG benchmarks, the FCA warned that poor-quality disclosures about methodologies and thresholds could contribute to greenwashing.
Sanctions
US, UK, EU and Australia Target Iran With New Sanctions
By Editors | 22/03/2023
The sanctions were imposed for human rights abuses and violations as well as the production and supply of drones to Russia.
Market Infrastructure
EU Announces Smooth Launch of New T2 RTGS System
By Editors | 22/03/2023
The new T2 system comprises an RTGS system, a central liquidity management tool, and leverages the ISO 20022 message standard.
Securities / Derivatives
CSRC Halts New Chinese Listings on SIX Swiss Exchange
By Editors | 21/03/2023
Chinese regulators are concerned that a substantial portion of GDRs are bought by domestic investors, who later exploit home market price differences.
AML / KYC
UK OFSI Issues Guidance on Assessing Ownership and Control
By Editors | 20/03/2023
Updated guidance sets out expectations around the due diligence that should be performed to assess whether entities are owned or controlled by designated persons.
Capital / Liquidity
Central Banks Coordinate Action to Ensure Global USD Liquidity
By Editors | 20/03/2023
From Monday until at least the end of April, the Fed and other central banks will make US dollars available on a daily basis, rather than weekly.
Capital / Liquidity
Swiss Regulators Orchestrate UBS Takeover of Credit Suisse
By Manesh Samtani | 20/03/2023
The deal gives Credit Suisse shareholders shares in UBS worth just 40 percent of what their CS shares were worth on Friday.
Securities / Derivatives
LME Discovers Nickel Bags Containing Stones at Warehouse
By Editors | 19/03/2023
The already embattled LME is postponing the reopening of Asian trading to allow its warehouse operators to recheck warranted nickel.
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