Europe

Fintech / Regtech

ESMA Goes Live With New DLT Pilot Regime

By Editors | 23/03/2023

Firms can apply for permission to operate DLT-based market infrastructures and receive exemptions from the MiFIR, MiFID II and CSDR.

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.