Europe

    image

    AML / KYC

    German Prosecutors Search Norton Rose Offices in Cum-Ex Probe

    By Editors | 20/01/2023

    A former staff member of Norton Rose Fulbright is said to be a suspect in the tax fraud probe, which dates back more than a decade.

    image

    ESG / Sustainability

    EU Commission Launches Net Zero Industry Act

    By ESG Investor | 19/01/2023

    The act aims to increase funding for clean energy technologies across EU member states, including through a new European Sovereignty Fund.

    image

    AML / KYC

    Authorities Dismantle Russia-Linked Crypto Firm Bitzlato

    By Manesh Samtani | 18/01/2023

    Bitzlato facilitated $700mn in crypto transfers for Hydra users and received more than $15mn in ransomware proceeds.

    image

    Capital / Liquidity

    ECB Identifies Weak Risk Management at EU Banks

    By Editors | 18/01/2023

    The ECB identified “material shortcomings” in how banks manage counterparty credit risks. Banks should “promptly address weaknesses”.

    image

    AML / KYC

    UK Linked ‘Golden Visas’ to Crime Years Ago

    By Editors | 18/01/2023

    A review commissioned in 2018 and “kept secret for years” found a disproportionate number of golden visa applicants were from countries identified as high risk.

    image

    Crypto / Digital Assets

    EU: MiCA Vote Delayed Again Until April 2023 – Report

    By Editors | 18/01/2023

    The delay is reported to be due to technical issues associated with translating the English text into the EU’s 24 official languages.

    Market Infrastructure

    ESMA Adds TAIFEX to List of Recognised Third Country CCPs

    By Editors | 18/01/2023

    The recognition allows European financial institutions to apply the minimum risk weight of 2 percent for exposures to TAIFEX derivatives.

    image

    EU Regulators to Scrutinise Financial Product Marketing

    By Editors | 17/01/2023

    A review will be undertaken this year to assess whether marketing and advertising comply with MiFID II disclosure rules.

    image

    Crypto / Digital Assets

    UK to Launch Digital Currency Consultations in Coming Weeks

    By Mark Johnston | 15/01/2023

    One consultation will cover the attributes of a digital pound. The other will cover the UK’s approach to regulating crypto and DeFi.

    image

    Securities / Derivatives

    FIA Publishes Netting and Collateral Opinions for China

    By Editors | 13/01/2023

    China’s adoption of its new Futures and Derivatives Law in August 2022 made it possible for FIA to commission the opinions.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.