Europe

CBDCs

ECB Selects Five Firms to Develop CBDC User Interfaces

By Editors | 18/09/2022

CaixaBank, Worldline, EPI, Nexi and Amazon will each focus on one specific use case of a digital euro in the prototyping exercise, the ECB said.

PEPs & Sanctions

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.

PEPs & Sanctions

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.

PEPs & Sanctions

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.

Trading & Investment

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.

Structural Regulation

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.

Fraud, Scams & Cybercrime

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.

Cryptocurrency

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.

Conduct, Culture & Accountability

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.