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Sustainable Finance
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.
Reporting & Disclosures
Global Banks Worry of Extraterritoriality in EU’s CSRD – Report
By Editors | 28/08/2022
CSRD is “off-putting” for banks’ clients, as it would subject foreign companies to the full set of rules if they list even a single instrument in the EU.
Clearing & Post-Trade
BOE Confirms Plans to Remove USD LIBOR Contracts from DCO
By Editors | 26/08/2022
The BOE will add SOFR overnight index swaps to the scope of contracts subject to the derivatives clearing obligation and remove USD LIBOR contracts in April 2023.
Anti-Money Laundering
Germany to Form New Federal Authority for Financial Crime
By Editors | 26/08/2022
Germany currently has more than 300 supervisors, an issue highlighted by the FATF in its latest mutual evaluation report on the country.
Payments & Settlements
NPCI Signs Agreement to Enable UPI Payments in UK
By Editors | 26/08/2022
India’s UPI-based QR code payments will be available in the UK on all of PayXpert’s android POS devices for in-store payments.
Market Abuse
FCA Fines Citi’s UK Unit Over Trade Surveillance Issues
By Editors | 24/08/2022
The FCA said Citigroup did not properly implement MAR requirements to monitor orders and trades to detect market abuse.
Cryptocurrency
ECB Targets Harmonisation of Crypto Licensing Requirements
By Editors | 24/08/2022
The ECB will look to ensure capital requirements criteria are applied when national regulators assess crypto-related licensing requests.
Structural Regulation
ESMA Calls for Relaxation of BMR Third-country Regime
By Manesh Samtani | 23/08/2022
The current regime could impair the competitiveness of EU investors and, more generally, the EU financial market when the transitional period expires.
PEPs & Sanctions
LME Bans Russian Nickel From UK Warehouse Facilities
By Editors | 18/08/2022
Higher duties on Russian metals imposed as part of a sanctions package have now been extended to nickel.
Structural Regulation
Industry Calls for Reforms to EU Benchmarks Regulation
By Manesh Samtani | 15/08/2022
Many non-EU benchmarks won’t qualify under BMR in time for 31 December 2023, disproportionately impacting Asia exposures.
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