Europe

Supervision & Enforcement

UK FCA Commits to Being More Transparent About Investigations

By Editors | 28/02/2024

The FCA pledges to be more proactive about announcing investigations and naming the firms involved, to improve deterrence.

PEPs & Sanctions

US, UK Issue New Iran Sanctions Over Red Sea Attacks

By Editors | 28/02/2024

The US actions include sanctions on two Hong Kong companies that own vessels which ship Iranian commodities.

Payments & Settlements

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.

Cryptocurrency

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.

Supervision & Enforcement

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.

Trading & Investment

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.

PEPs & 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.

Anti-Money Laundering

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.

Clearing & Post-Trade

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.