Europe

In the second phase of Project Helvetia, a wholesale CBDC was used to test settlement of interbank, monetary policy and cross-border transactions with banking systems.

The NSI Act gives the government broader powers to scrutinise and intervene in acquisitions in 17 sectors that could give rise to national security risks.

BaFin found flaws in the processes used by Deutsche Bank to calculate EURIBOR between April 2019 and April 2020.

A Russian and Lithuanian were sentenced to 16 and 17 years in prison, respectively, for laundering £70mn over four years.

The PRA said StanChart's internal controls and governance arrangements underpinning its regulatory reporting were not implemented or operating effectively.

The guidelines cover supervisory cooperation and risk-based supervision of banks. New draft RTS are published for a new EU-wide database known as EuReCa.

Under the proposed rules, the Stock Connect scheme will be expanded to allow participation from companies listed in Shenzhen, Switzerland and Germany.

Product-level disclosures to users can be limited for transitional period where proxies deemed insufficient.

Three key parts of HSBC’s automated transaction monitoring systems showed "serious weaknesses" between March 2010 to March 2018.

NatWest's accepted cash deposits worth around GBP 264 million. The case represents the first time the FCA has pursued criminal charges for money laundering failings.