Europe

PEPs & Sanctions

US Designates Russian Tech Firms for Enabling Sanctions Evasion

By Manesh Samtani | 03/04/2022

US sanctions 21 entities and 13 individuals. EU to propose new measures this week. Australia applies 35% export tariff.

Sustainable Finance

SGX, UK Partner to Fund New SDG-Aligned Issuers

By Editors | 03/04/2022

SGX and MOBILIST will partner to support new issuers of securities aligned with the SDGs by deploying equity capital and other forms of assistance.

Clearing & Post-Trade

Japan, EU Enhance Framework on Regulatory Cooperation

By Mark Johnston | 02/04/2022

The adoption of the regulatory cooperation framework follows the signing of an amended MoC by Japan’s FSA and ESMA.

Trading & Investment

SSE, SZSE Issue Rules to Expand Stock Connect to Europe

By Editors | 29/03/2022

UK, Swiss and German listed companies can issue CDRs in China if they have a market cap of at least $3.14bn and a listing history of at least three years.

Clearing & Post-Trade

LME Doubles Default Fund Size Amid Metals Volatility

By Editors | 27/03/2022

The default fund size will increase to from $1.1bn to $2.075bn, adding to financial strains experienced by brokers, traders and banks.

Anti-Money Laundering

EBA Outlines AML/CFT Challenges Faced by EU Supervisors

By Ranamita Chakraborty | 27/03/2022

In a new report, the EBA outlines findings from its second round of assessment of the approaches AML/CFT supervisors are using in the banking sector.

PEPs & Sanctions

US Imposes Fresh Russia Sanctions, G7 Pledges to Block Gold Trades

By Manesh Samtani | 25/03/2022

The G7 and EU will prohibit gold-related transactions involving Russia and ramp up monitoring and information sharing to prevent Russian sanctions evasion.

Cryptocurrency

FCA, BOE Offer New Guidance on Addressing Crypto Risk

By Editors | 24/03/2022

Cryptoassets should be classified as an intangible asset for accounting purposes, meaning that in most cases direct holdings should be fully deducted from CET1.

Capital Adequacy

BOE Offers Clarity on Basel III Implementation Timing

By Editors | 23/03/2022

The BOE says it plans to publish a consultation paper on Basel III implementation in Q4, with a view to implementing the new capital rules in January 2025.