Europe

    Market Infrastructure

    Shift from London Financial Centre Gains Pace

    By Peter Guy | 12/07/2018

    With nine months to go before Britain’s scheduled exit from the EU, the effects of Brexit are largely unknown and will take years to resolve. Yet, banks and asset managers have already begun planning for the relocation of staff and offices as the continent clarifies its financial regulations.

    AML / KYC

    Non-EU Markets Regulators Seek Formal GDPR Exemptions – Report

    By Manesh Samtani | 28/06/2018

    New EU data privacy law could put cross-border investigations in jeopardy, leading non-EU regulators including Japan’s FSA and Hong Kong’s SFC to press for formal clarification on application of cross-border information sharing exemptions.

    Capital / Liquidity

    The Greek Tragedy of Financial Regulation

    By Peter Guy | 25/06/2018

    The latest Eurozone bailout has effectively sentenced the country to a generation of vassalage, creating a financial serfdom. Weak growth and regulatory shortcomings will only invite the next crisis.

    Market Infrastructure

    LEI Transition Period For MiFID II To End In July – ESMA

    By Garima Chitkara | 21/06/2018

    The six month transition period put in place in December 2017 to allow firms to obtain LEIs to comply with MIFID will end on 2 July 2018, as ESMA rules out any extensions in a new statement.

    Market Infrastructure

    Fund Managers Negative on MiFID II Research Unbundling – Report

    By Manesh Samtani | 20/06/2018

    New RSRCHXchange survey reveals non-European fund managers negative about unbundling requirements, while recognising positive impact for investors; impact expected to be felt Asia within 2-4 years.

    Capital / Liquidity

    Eurozone’s Weakest Links Place Bank Regulation Under Threat

    By Peter Guy | 04/06/2018

    Every banking system at the bottom of the financial pool crosses paths eventually, and in desperate times only a tangled morass of regulations versus sovereign imperatives awaits.

    Capital / Liquidity

    Japan, China Urge EU Regulators to Relax Foreign D-SIB Rules

    By Manesh Samtani | 16/04/2018

    Joint letter from Japan, China banking associations say €30bn IPU threshold will make provision of financial services in the EU unsustainable for member banks.

    Fintech / Regtech

    BOJ-ECB Study Identifies DLT Applications for Securities Settlement

    By Manesh Samtani | 29/03/2018

    Project Stella phase two study suggests distributed ledger technology offers novel approach for cash settlement of securities, but requires further study.

    Crypto / Digital Assets

    How GDPR Could Deflate the Blockchain Hype

    By Bradley Maclean | 05/02/2018

    Firms adopting blockchain technology could struggle to comply with the EU’s incoming GDPR rules.

    Capital / Liquidity

    China Regulators Lobby EU to Ease Banking Access Requirement

    By Samuel Riding | 01/02/2018

    PBOC, CBRC say cost of setting up a parent holding company might outweigh the intended improvement in supervision.

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