Europe

HSBC said the European Investment Bank is exploring using the platform to issue the market’s first-ever GBP tokenised bond.

The UK’s Transition Plan Taskforce has published its draft transition plan framework at COP27 in Sharm El Sheikh.

The SFO found that Glencore funnelled about $29mn worth of bribes between 2011 and 2016 to gain access to oil rights across Africa.

The European Parliament was planning to hold its vote on the MiCA text in December. The European Council approved the text in early October.

UBS says the issuance is the world's first public benchmark bond that investors can access in both digital and traditional markets.

The deadlines will be closely monitored and, if necessary, enforcement action will be taken, the ECB said, adding that bank capital requirements are already being affected.

The new start date is aligned with the ECB's decision to delay the launch of T2. The new 20 March 2023 start date is "definitive", SWIFT said.

Project Mariana involves the Eurosystem, Singapore and Switzerland BIS Innovation Hub Centres, together with the Bank of France, MAS and Swiss National Bank.

US prosecutors had filed a motion to dismiss the case after two other traders were acquitted in January. Hayes is still trying to get his UK conviction overturned.

EMIR conditions for recognition are not met because no cooperation arrangements have been concluded between ESMA and the relevant Indian authorities.