Europe

    Clearing & Post-Trade

    Japan FSA Grants QCCP Recognition to TAIFEX

    By Manesh Samtani | 13/11/2023

    The QCCP recognition will enable Japanese financial institutions to participate in central clearing of OTC derivatives in Taiwan.

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    Stablecoins

    EBA Issues Third Batch of MiCA-related Consultations

    By Editors | 09/11/2023

    The consultations cover transaction reporting, recovery planning, own funds, stress testing, and liquidity requirements for stablecoin issuers.

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    Resolution & Recovery

    EU Lawmakers Back Plans to Improve Bank Resolution Framework

    By Editors | 09/11/2023

    Jonás Fernández said the rule changes will level the playing field among different banking structures in the EU, while ensuring that banks will remain safe.

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    PEPs & Sanctions

    UK Targets Russian Gold and Oil as EU Preps New Sanctions Package

    By Editors | 08/11/2023

    UK government announced asset freezes on 29 individuals and entities in Russia’s gold, oil, and strategic sectors.

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    Fraud, Scams & Cybercrime

    UK FCA Urges Firms to Do More to Combat APP Fraud

    By Manesh Samtani | 08/11/2023

    Firms are not adequately focused on delivering good outcomes to consumers,  supporting victims of fraud, and handling complaints in a timely manner.

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    Stablecoins

    UK Regulators Set Out Roadmap for Regulating Stablecoins

    By Manesh Samtani | 07/11/2023

    The FCA and BOE published discussion papers outlining the UK’s proposed regulatory approach for regulating fiat-backed stablecoins.

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    Cryptocurrency

    FCA Finalises Guidance on Cryptoasset Financial Promotions

    By Editors | 05/11/2023

    Crypto promotions should apply the Consumer Duty; finfluencers should disclose commercial relationships; regulated status should not be used in a promotional way.

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    PEPs & Sanctions

    US, UK, Canada Announce New Myanmar Sanctions

    By Editors | 01/11/2023

    OFAC restricts financing to Myanma Oil and Gas Enterprise (MOGE), as UK and Canada add new names to asset freeze lists.

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    Cryptocurrency

    UK Confirms Plans to Implement New Rules for Crypto, Stablecoin

    By Editors | 31/10/2023

    Treasury says the government aims to have legislation for the new regime before Parliament in 2024.

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    Tokenisation

    MAS Establishes Project Guardian Policymaker Group

    By Editors | 30/10/2023

    MAS will work with Japan’s FSA, the UK’s FCA and Switzerland’s FINMA to advance the development of tokenised digital assets.

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