Europe

Anti-Money Laundering

EBA Calls for Harmonised AML/CFT Framework Across EU

By Editors | 10/09/2020

Responding to a European Commission call for advice, the EBA says it recommends the establishment of a single rulebook to harmonise the AML/CFT framework across the EU.

Market Abuse

FIA Releases Surveillance and Market Abuse Guidelines

By Editors | 09/09/2020

The guidelines cover requirements relating to monitoring, surveillance systems and the filing of suspicious transaction and order reports under the EU’s Market Abuse Regulation.

Supervision & Enforcement

FINMA Launches Enforcement Proceedings Against Credit Suisse

By Manesh Samtani | 06/09/2020

The proceedings relate to violations identified by a FINMA-appointed auditor in relation to Credit Suisse’s observation and security activities, and how these activities are documented and controlled.

Sustainable Finance

Thailand SEC, UK Govt to Collaborate in Financial Sector

By Editors | 02/09/2020

The initial focus areas of the partnership will include green bonds, the fintech ecosystem, e-KYC and cybersecurity, the SEC and UK government said.

Structural Regulation

Why APAC Should Care About the EU’s AIFMD Review

By Tony Freeman | 02/09/2020

Though prompted by Brexit, the proposed review of the AIFMD legislation will also have implications for buy-side firms operating in Asia, says industry veteran Tony Freeman.

Clearing & Post-Trade

ESMA Postpones CSDR’s Settlement Discipline Regime

By Editors | 31/08/2020

The regime was initially due to come into force from September 2020 before it was deferred to February 2021. The new effective date is 1 February 2022.

Trading & Investment

Brokers Push Back Against ASIC Proposal to Limit CFD Leverage

By Editors | 30/08/2020

Foreign exchange brokers expressed concerns that the proposals are overly stringent, infringe on investor freedoms, and may result in regulatory arbitrage.

Sustainable Finance

BOT, UK Government Agree to Cooperate in Financial Services

By Editors | 16/08/2020

The MoU will see increased cooperation in areas such as accounting standards, governance and transparency, fintech development, and sustainable finance.

Cloud & Infrastructure

EBA Launches Industry Survey on RegTech Adoption

By Editors | 12/08/2020

The EBA is looking to identify the main barriers and risks of using RegTech and potential ways to support its uptake across the EU.