Europe

BaFin has been under fire since mid-last year for failing to properly respond to multiple red flags signalling an accounting fraud at Wirecard.

The consultation will consider enhanced disclosure requirements, a minimum market cap and a redemption option for investors.

The FCA and BOE have asked liquidity providers and interdealer brokers to adopt SONIA in quoting conventions for GBP non-linear derivatives from 11 May.

Supervisory tools may be used to address insufficient progress and poor risk management or governance.

The main use cases where a robust rationale may be identified for using Term SONIA in lending products include trade finance, working capital, and Islamic finance products.

The EU, US, UK and Canada all imposed sanctions against Chinese officials and entities on Monday, citing human rights abuses in Xinjiang.

NatWest is facing criminal charges for not adequately monitoring and scrutinising large payments into a corporate client's accounts.

ESMA says the current financial market environment no longer resembles the emergency situation that required it to tighten short position reporting rules last March.

Eurex already lists KOSPI 200 Options and Mini-KOSPI 200 Futures. The addition of KOSPI 200 Futures will offer trading, hedging and margin efficiencies.

Tens of thousands of organisations in Asia, Europe and the US were targeted in a campaign that exploited vulnerabilities in different versions of Microsoft’s mail server software.