Europe

Anti-Money Laundering

UK Introduces Economic Crime Bill to Parliament

By Editors | 26/09/2022

The Bill targets beneficial ownership transparency and will also make it easier for law enforcement to seize and recover cryptoassets.

Trading & Investment

LME Faces More Lawsuits Over Cancelled Nickel Trades

By Editors | 25/09/2022

AQR Capital Management, DRW Commodities, Flow Traders, Capstone Investment Advisors and Winton Capital Management filed legal action against the LME.

Clearing & Post-Trade

AFME Considers Implications of an EU Move to T+1 Settlement

By Editors | 23/09/2022

AFME acknowledges the benefits of T+1 settlement but calls for an industry task force to be set up to conduct a detailed assessment.

Stablecoins

EU Lawmakers Finalise Text of MiCA Legislation – Reports

By Editors | 23/09/2022

Limitations on the use of USD-pegged stablecoins within the EU have been removed. Algorithmic stablecoins and tradeable NFTs could be brought into scope.

Payments & Settlements

Banks, Tech Firms Propose Payments Pilot Using EU Digital IDs

By Editors | 22/09/2022

European banks and tech firms will show how payments and EU digital ID wallets can be combined across borders and in multiple currencies.

Reporting & Disclosures

Environmental Groups Take Legal Action over EU Taxonomy

By ESG Investor | 22/09/2022

Four environmental groups are set to start legal action in an attempt to prevent the EU including fossil gas in its sustainable finance rulebook.

Tokenisation

Deutsche Börse Goes Live With Digital Securities Platform

By Editors | 21/09/2022

The D7 platform allows FIs to issue digital financial instruments, providing an alternative to conventional physical issuance and securities processing.

Climate Risk

ECB Issues Bond Decarbonisation Plans

By ESG Investor | 21/09/2022

The ECB has published details of how it intends to “gradually decarbonise” the corporate bond holdings in its monetary policy portfolio.

Reporting & Disclosures

Common Ground Taxonomy: An Analytical Tool

By Manesh Samtani | 20/09/2022

The HKGFA is looking to address misconceptions about the EU-China Common Ground Taxonomy and how it is meant to be used, says Chaoni Huang.