Europe

HKEX to Open London Office Within H1 2023

By Editors | 03/03/2023

The SEHK and HKFE were confirmed as Recognised Overseas Investment Exchanges by the UK’s FCA this week.

Market Infrastructure

AFME Announces Establishment of T+1 Industry Taskforce

By Editors | 02/03/2023

The task force will assess whether Europe should follow the US and other jurisdictions in moving to shorter settlement cycles.

ESG / Sustainability

EU Strikes Deal on Green Bonds Standard

By ESG Investor | 01/03/2023

Negotiators of the European Council and Parliament have reached an agreement on a voluntary standard for EU green bonds (EuGB).

Market Infrastructure

LSEG, SZSE Agree to Collaborate on Capital Markets Development

By Editors | 01/03/2023

LSEG and SZSE will collaborate on product innovation, depository receipts, and index development, among other areas.

ESG / Sustainability

BNP Paribas Sued over Fossil Fuel Financing

By ESG Investor | 27/02/2023

BNP Paribas is being taken to court over its alleged failure to comply with France’s duty of vigilance law regarding climate change.

Fintech / Regtech

UK, Australia Should Draw Open Banking Lessons from Each Other

By Mark Johnston | 26/02/2023

NatWest and National Australia Bank published a white paper drawing lessons from the UK and Australia’s open banking implementations.

Market Infrastructure

UK Version of EMIR Refit to Take Effect from 30 Sept 2024

By Editors | 26/02/2023

The FCA and BOE have set out the final changes to the derivatives reporting framework under UK EMIR. Draft validation rules and XML schemas are open for feedback.

Securities / Derivatives

LME to Resume Nickel Trading in Asian Hours on 20 March

By Editors | 25/02/2023

The LME hopes the resumption of trading during Asian market hours will “further contribute to liquidity rebuilding in the nickel market.”

Capital / Liquidity

UK FCA Seeks to Enhance Rules for Asset Management Sector

By Mark Johnston | 23/02/2023

The FCA wants to improve liquidity risk management and stress testing practices. It is also considering whether authorised funds should be able to hold crypto.