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Europe
Market Infrastructure
Taiwan, Canadian Regulators Cross-border Clearing MoU
By Editors | 10/04/2023
The MoU supports TAIFEX’s application for recognition as an exempted clearing agency in Ontario, which will enable Canadian FIs to use its clearing service.
ESG / Sustainability
EU Consults on Taxonomy Environmental Objectives
By ESG Investor | 09/04/2023
The European Commission is consulting on additional criteria in EU taxonomy delegated acts.
Crypto / Digital Assets
‘Genesis’ Darknet Market Sanctioned and Shuttered by Authorities
By Editors | 06/04/2023
Law enforcement arrested 119 people and conducted 208 property searches in connection with Genesis Market, a criminal marketplace believed to be located in Russia.
Market Infrastructure
Industry Bodies Say EU BMR Presents ‘Cliff-edge Risks’
By Editors | 05/04/2023
Industry bodies say only benchmarks designated as systemically important should be in scope of BMR for mandatory compliance.
Enforcement
UK Steel Traders Jailed for $500m Trade Finance Fraud
By Mark Johnston | 05/04/2023
Three senior executives of Balli Steel were sentenced to prison for using fake documents and contracts to obtain loans.
Crypto / Digital Assets
FTX EU Begins Allowing Customers to Withdraw Funds
By Editors | 05/04/2023
FTX EU set up a website through which balances can be verified and requests for withdrawals in fiat currency can be made.
Enforcement
Germany Bans EY for Two Years Over Wirecard Audits
By Editors | 04/04/2023
Germany’s auditor regulator also fined the company €500,000, and five of its current and former auditors between €23,000 and €300,000.
Market Infrastructure
UK FCA Announces Decision on Synthetic USD LIBOR Rates
By Editors | 04/04/2023
1-, 3- and 6-month synthetic USD LIBOR rates will continue to be published for 15 months after the USD LIBOR bank panel ceases on 30 June.
UK Launches Review of Senior Managers Accountability Regime
By Editors | 03/04/2023
The review seeks stakeholders’ views to identify ways to improve operational and legal aspects of the Senior Managers and Certification Regime.
Capital / Liquidity
Swiss Prosecutor Opens Criminal Probe Into Credit Suisse Takeover
By Editors | 03/04/2023
The prosecutor is looking into potential breaches of Switzerland’s criminal law by government officials, regulators and bank executives.
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