Europe

Clearing & Post-Trade

ESMA Recognises Bursa Malaysia Derivatives Clearing as TC-CCP

By Editors | 16/11/2022

The recognition will make it easier and more cost-effective for European counterparties to access Malaysia’s derivatives market.

Trading & Investment

Chinese Firms Continue to List GDRs on SIX Swiss Exchange

By Editors | 16/11/2022

Since July eight Chinese companies have raised more than USD 2.5 billion via GDR listings on the SIX Swiss Exchange.

Cybersecurity

EU Parliament Adopts DORA Text, Enforcement Expected in 2025

By Editors | 14/11/2022

New requirements on network and information system security will apply to all financial system participants, including crypto firms and cloud services providers.

Reporting & Disclosures

Overwhelming Majority for CSRD Secured in EU Parliament

By ESG Investor | 14/11/2022

The EU Parliament has adopted new sustainability reporting rules for large companies under the Corporate Sustainability Reporting Directive.

Clearing & Post-Trade

India Resists ESMA Requirements on CCP Recognition – Reports

By Manesh Samtani | 14/11/2022

ESMA decision will block EU banks from dealing with Indian CCPs after 30 April 2023. India faces similar standoffs with UK and Japanese regulators.

PEPs & Sanctions

UK OFSI Has Frozen Over $21b of Russian Linked Assets

By Editors | 13/11/2022

Russia has overtaken Libya and Iran to become the UK’s most-sanctioned nation, the OFSI said in its annual review.

PEPs & Sanctions

LME Decides Against Banning Russian Metals from Warehouses

By Editors | 13/11/2022

The LME received feedback that a “material portion” of the market is still planning to buy Russian metal in 2023.

Clearing & Post-Trade

ESMA Recognises TAIFEX as QCCP Under EMIR

By Editors | 11/11/2022

The recognition lowers capital requirements and makes managing counterparty risk easier for EU financial institutions participating in Taiwan’s market.

Capital Adequacy

EU Council Agrees Position on Basel III Implementation

By Editors | 10/11/2022

The Council has retained the 1 January 2025 start date for implementation proposed by the European Commission a year ago.