Europe

Payments & Settlements

StanChart Completes First EUR Transactions on Partior

By Nithya Subramanian | 17/05/2024

The bank completed the transactions between Hong Kong and Singapore involving Siemens and iFAST Financial.

Reporting & Disclosures

ESMA Issues Fund Naming Guidance to Combat Greenwashing

By ESG Investor | 16/05/2024

The guidelines establish harmonised criteria for the use of ESG and sustainability terms in fund names.

PEPs & Sanctions

OFAC Sanctions Four Targets Over Sanctions Evasion Scheme

By Editors | 15/05/2024

The targets were involved in a scheme to disguise the ownership of shares to facilitate divestment by a sanctioned Russian oligarch.

Market Abuse

FCA Offers Recommendations on Avoiding Surveillance Failures

By Manesh Samtani | 14/05/2024

The FCA says failures of market abuse surveillance are often caused by faulty implementation, bugs, and incomplete data ingestion.

AI Risk & Governance

China, France Commit to Jointly Address AI Risks

By Editors | 10/05/2024

The two countries jointly commit to promoting safe, secure, and reliable AI systems for the “common good”.

PEPs & Sanctions

EU Ambassadors Agree on Use of Frozen Russian Assets

By Editors | 10/05/2024

90% of the interest generated from the frozen Russian state assets will be used for military aid for Ukraine.

Supervision & Enforcement

FCA Defends Proposal to Name Firms Under Investigation

By Editors | 09/05/2024

The government, lawmakers and industry worry that the ‘name and shame’ approach will harm the market and individual companies.

Stablecoins

EBA Publishes MiCA Standards for Stablecoin Authorisation

By Editors | 09/05/2024

New standards also set out the information that must be submitted for acquisitions in issuers of asset-referenced tokens.

Sustainable Finance

Singapore, UK to Boost Fintech, Green Finance Cooperation

By Nithya Subramanian | 09/05/2024

MAS and HM Treasury will collaborate to develop and finance green finance and energy transition projects in APAC.