Europe

Clearing & Post-Trade

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.

Trading & Investment

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.

Payments & Settlements

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.

Trading & Investment

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.

Emerging Prudential Risks

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.

Conduct, Culture & Accountability

Regulatory Initiatives to Address Culture & Conduct Risk in Banking

By Editors | 11/05/2020

In its latest annual Compendium, Starling draws on survey findings and commentary from regulators to identify ten culture and conduct trends in the banking sector.

Anti-Money Laundering

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.

Structural Regulation

ESMA Approves Four Trade Repositories for SFTR Reporting

By Editors | 10/05/2020

DTCC, UnaVista, KDPW and REGIS-TR will have their TR registrations for derivatives contracts under EMIR extended to include securities financing transactions under SFTR.

Structural Regulation

EU Benchmark Equivalence Regime Not Scalable: ISDA, FIA

By Manesh Samtani | 07/05/2020

While the Associations welcome the legal approach taken, they highlight that the draft equivalence decision excludes the widely referenced Nikkei and JPX benchmarks.