Europe

    Market Infrastructure

    FIA Urges Careful Use of Circuit Breakers in Energy Markets

    By Sanday Chongo Kabange | 10/11/2022

    FIA is supportive of using circuit breakers to manage disorderly markets but not as tools to control or cap prices.

    Crypto / Digital Assets

    HSBC to Launch Tokenisation Platform for Digital Bond Issuance

    By Editors | 09/11/2022

    HSBC said the European Investment Bank is exploring using the platform to issue the market’s first-ever GBP tokenised bond.

    ESG / Sustainability

    UK Takes Next Step to Mandatory Transition Rules

    By ESG Investor | 09/11/2022

    The UK’s Transition Plan Taskforce has published its draft transition plan framework at COP27 in Sharm El Sheikh.

    AML / KYC

    UK Court Orders Glencore to Pay Over $300m for Africa Oil Bribes

    By Editors | 08/11/2022

    The SFO found that Glencore funnelled about $29mn worth of bribes between 2011 and 2016 to gain access to oil rights across Africa.

    Crypto / Digital Assets

    EU Parliament to Delay MiCA Vote Until Feb 2023 – Report

    By Editors | 07/11/2022

    The European Parliament was planning to hold its vote on the MiCA text in December. The European Council approved the text in early October.

    Crypto / Digital Assets

    SIX Dually Lists UBS Bond on Digital & Traditional Exchanges

    By Editors | 07/11/2022

    UBS says the issuance is the world’s first public benchmark bond that investors can access in both digital and traditional markets.

    ESG / Sustainability

    ECB Sets New Deadlines for Managing Climate & Environmental Risks

    By Manesh Samtani | 04/11/2022

    The deadlines will be closely monitored and, if necessary, enforcement action will be taken, the ECB said, adding that bank capital requirements are already being affected.

    Crypto / Digital Assets

    BIS Innovation Hub to Explore Use of DeFi Protocols in CBDC Trades

    By Editors | 03/11/2022

    Project Mariana involves the Eurosystem, Singapore and Switzerland BIS Innovation Hub Centres, together with the Bank of France, MAS and Swiss National Bank.

    Enforcement

    New York Court Dismisses Tom Hayes LIBOR Rigging Case

    By Editors | 01/11/2022

    US prosecutors had filed a motion to dismiss the case after two other traders were acquitted in January. Hayes is still trying to get his UK conviction overturned.

    Market Infrastructure

    ESMA to Withdraw Recognition of Six Indian CCPs

    By Editors | 01/11/2022

    EMIR conditions for recognition are not met because no cooperation arrangements have been concluded between ESMA and the relevant Indian authorities.

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