EUROPE

Securities / Derivatives

ESMA Clarifies Transparency Rules, Position Limits for Non-EU Venues

By Editors | 04/06/2020

ESMA has clarified its application of post-trade transparency requirements and the position limits regime to third-country trading venues.

Securities / Derivatives

CSRC Green-lights China Pacific Insurance LSE Listing

By Editors | 03/06/2020

If approved by the LSE, China Pacific Insurance will become only the second company to issue GDRs via the Shanghai-London Stock Connect since its launch in June 2019.

Market Infrastructure

SWIFT Publishes Blueprint to Assist EU Banks in ISO 20022 Transition

By Editors | 21/05/2020

SWIFT will provide new market practice guidelines and free validation and translation software to mitigate the impact of the ISO 20022 delay on EU banks.

Market Infrastructure

Clearstream, Euroclear Appoint First Chinese Bank as Common Depository

By Editors | 20/05/2020

As a common depository, CCB (Asia) will facilitate access to the international capital markets for Chinese issuers, and provide APAC investors easier access to the Eurobond market.

Securities / Derivatives

European Regulators Lift Covid-19 Short Selling Bans

By Editors | 19/05/2020

In consultation with ESMA, Austria, Belgium, France, Greece, Spain and Italy have decided to lift short-selling bans that have been in place since mid-March.

Market Infrastructure

EU Banking Bodies Request Delay of T2-T2S Consolidation Project

By Manesh Samtani | 17/05/2020

The associations have cited impacts from Covid-19 and SWIFT’s decisions to delay ISO 20022 migration for cross-border payments as the primary reasons for the requested delay.

Securities / Derivatives

CBIRC Green-lights China Pacific Insurance GDR Listing on LSE

By Editors | 11/05/2020

The listing is still pending approvals from securities regulators in China and the UK, and exchange operators in Shanghai and London.

Capital / Liquidity

UK Regulators Defer Majority of Regulatory Initiatives

By Editors | 11/05/2020

Incoming Basel requirements and margin rules will be deferred. The transition away from LIBOR will continue as planned. Work is still underway to prepare for Brexit.

AML / KYC

European Commission Sets Out Action Plan to Root Out AML Loopholes

By Editors | 10/05/2020

A single EU rulebook will minimise interpretation and implementation discrepancies across member states, and an EU-level AML/CFT body will address supervisory gaps.