Europe

Securities / Derivatives

Japan: More Investors Sue MUFG Unit Over Credit Suisse AT1 Losses

By Editors | 01/07/2024

The lawsuit brings the number of plaintiffs in similar cases against Mitsubishi UFJ Morgan Stanley Securities to over 100.

Sanctions

EU Imposes New Restrictive Measures Against Belarus

By Editors | 01/07/2024

The measures mirror several of the restrictive measures already in place against Russia to address circumvention.

Market Infrastructure

EU Legislatoes Agree on MiFIR, MiFID II Revisions

By Editors | 30/06/2024

The revisions will establish EU-level ‘consolidated tapes’ for different kinds of assets, and impose a general ban on ‘payment for order flow’.

Switzerland, US to Strengthen Information Exchange Under FATCA

By Editors | 28/06/2024

The US will receive tax information from Switzerland automatically, and Switzerland will also be able to receive information from the US.

AML / KYC

New AMLA to Receive EBA’s AML/CFT Powers by End 2025

By Editors | 27/06/2024

The EBA said it will transfer its AML/CFT powers and mandates to the AMLA by the end of December 2025.

Securities / Derivatives

CFTC Approves Four Comparability Determinations for Foreign Jurisdictions

By Editors | 26/06/2024

Certain swap dealers in Japan, Mexico, the EU, and UK can satisfy certain US capital and financial reporting requirements by complying with home country rules.

Crypto / Digital Assets

France, Luxembourg Publish Results of Bond Tokenisation Project

By Editors | 26/06/2024

Project Venus highlighted the potential for wCBDC and DLTs to improve access, security, and efficiency of digital capital markets.

Sanctions

EU Imposes New Cyber Sanctions Against Six Russian Actors

By Editors | 25/06/2024

The sanctions target two ‘Callisto group’ members, two ‘Armageddon hacker group’ members, and two others involved in deploying ‘Conti’ and ‘Trickbot’ malware.

Securities / Derivatives

Invesco Launches First European ETF Tracking ChiNext

By Nithya Subramanian | 25/06/2024

The fund will invest in companies involved in innovative sectors such as artificial intelligence, electric vehicles, robotics and biotech.