Europe

    image

    Fintech / Regtech

    EU Council Adopts New Rules Mandating Instant Payments

    By Manesh Samtani | 27/02/2024

    Banks and other payment service providers will be required to offer instant payments to consumers and businesses.

    image

    Crypto / Digital Assets

    EU Adopts Four Delegated Regulations Under MiCA

    By Mark Johnston | 27/02/2024

    The regulations cover penalties, criteria for significant, EBA supervisory fees, and product intervention powers.

    image

    Crypto / Digital Assets

    Swiss Crypto Hedge Fund Faces Legal Dispute Over FTX Exposure

    By Mark Johnston | 27/02/2024

    TGT accuses Tyr Capital of criminal mismanagement and ignoring internal risk limits in its exposure to FTX.

    image

    Market Infrastructure

    EU Council Adopts New AIFMD, UCITS Rules

    By Editors | 27/02/2024

    The new rules enhance the integration of asset management markets in Europe, the European Council said.

    image

    Sanctions

    Sanctions Against Chinese Firms are “Unlawful” – MOFCOM

    By Editors | 26/02/2024

    China’s Ministry of Commerce said the sanctions will have a negative impact on economic and trade relations with the EU and UK.

    image

    AML / KYC

    UK FCA Probes Lloyds Banking Group Over AML Controls

    By Mark Johnston | 26/02/2024

    Lloyds said it is cooperating with the investigation and it is “not currently possible” to estimate the potential financial impact, if any.

    Capital / Liquidity

    CFTC Grants TAIFEX Exemption to Clear Swaps for US Participants

    By Manesh Samtani | 26/02/2024

    TAIFEX has relied on temporary no-action relief since September 2022. ‘Exempt DCO’ status gives it a lasting right to clear OTC derivatives for US participants.

    image

    Sanctions

    New Sanctions Packages Announced to Mark Ukraine War Anniversary

    By Editors | 25/02/2024

    The US, EU, Canada, Japan and Australia announced new Russia-related sanctions, including Chinese, Indian, South Korean and Thai companies among their targets.

    image

    AML / KYC

    Three FIUs Issue Guidance on Russia Sanctions Evasion

    By Manesh Samtani | 23/02/2024

    The FIUs of Canada, Netherlands and Germany issued a joint advisory providing indicators to aid in the detection of dual-use goods trade involving Russia.

    image

    Sanctions

    EU Sanctions Russians Linked to Moldova Destabilisation Efforts

    By Editors | 23/02/2024

    Six individuals and one entity were sanctioned for actions aimed at destabilising, undermining or threatening Moldova’s sovereignty and independence.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.