Europe

AML / KYC

US Imposes New Sanctions on Russian Targets

By Manesh Samtani | 16/09/2022

The US and EU are also discussing plans target Turkish banks that have joined Russia’s Mir payment system. Putin unexpectedly admitted to tensions with Xi.

AML / KYC

US Treasury Issues Guidance on Russian Oil Price Cap

By Manesh Samtani | 12/09/2022

The price cap on Russian crude starts in December. India and China import over half of Russia’s seaborne oil. Nord Stream 1 is closed.

AML / KYC

UK OFSI Updates Sanctions Guidance to Include Crypto

By Editors | 07/09/2022

Crypto firms are directed to freeze assets of targets listed under the Consolidated List and report suspected sanctions breaches to the OFSI.

Market Infrastructure

CME Proposes Early Conversion of Eurodollar Futures, Options

By Editors | 06/09/2022

The proposed 13 April 2023 conversion date is intended to help firms complete their operational work as early as possible in the LIBOR-to-SOFR transition process.

Market Infrastructure

Liz Truss Implications for the UK Financial Sector

By Manesh Samtani | 06/09/2022

Planned tax cuts will benefit banks. The FCA, PRA and PSR may be merged. China may be declared a threat to national security.

AML / KYC

German Prosecutors Raid JP Morgan as Part of Cum-Ex Probe

By Editors | 04/09/2022

Around 1,500 people are currently under investigation across 50 international and domestic financial institutions and brokers.

Crypto / Digital Assets

CME Group Launches Bitcoin, Ether Futures in Euro

By Editors | 31/08/2022

CME says the new contracts will provide institutional investors precise tools to trade and hedge their crypto exposures.

Enforcement

UK Regulators Conclude Six-Year Probe Into HBOS Execs

By Manesh Samtani | 30/08/2022

No further action will be taken against former senior managers of HBOS, which collapsed in 2008 during the height of the 2008 global financial crisis.

Securities / Derivatives

ICE to Launch UK Carbon Allowance Options in October

By Editors | 28/08/2022

UK Carbon Options will provide a new tool for managing carbon emissions price risk, building upon the launch of UK carbon allowance futures in May 2021.