EUROPE

Enforcement

UK CMA Fines Banks $132m for Anti Competitive Conduct

By Thisanka Siripala | 24/02/2025

Citigroup, HSBC, Morgan Stanley, and RBC were fined. Deutsche Bank also participated but was granted immunity for reporting the misconduct.

ESG / Sustainability

SC Malaysia and ICAEW Partner to Strengthen Sustainability Disclosures

By Nithya Subramanian | 24/02/2025

The partnership focuses on capacity-building with training on climate-related financial disclosures, sustainability certifications, and regulatory best practices.

Market Infrastructure

UK Holds Launch Event for Transition to T+1 Settlement

By Nithya Subramanian | 23/02/2025

The BOE estimates the move to T+1 will free up GBP 1 billion of margin currently held at CCPs, which can be repurposed to “more productive uses”.

Fintech / Regtech

Switzerland Outlines Regulatory Approach to Artificial Intelligence

By Nithya Subramanian | 20/02/2025

The Federal Council is planning to incorporate the Council of Europe’s Convention on Artificial Intelligence into Swiss law.

Securities / Derivatives

UK Authorities Endorse Plan to Transition to T+1 Settlement Cycle

By Nithya Subramanian | 20/02/2025

HM Treasury, the FCA, and the BOE are urging market participants to begin preparations immediately to ensure readiness for 11 October 2027.

Sanctions

UK Imposes Sanctions on Three Russian Officials, Two Companies

By Editors | 17/02/2025

The three officials have “links to Putin’s inner circle”. The two entities are “linked to Russia’s nuclear energy giant Rosatom”.

Enforcement

Four Arrested in International Operation Against 8Base Ransomware Group

By Thisanka Siripala | 14/02/2025

The international operation involved law enforcement agencies from 14 countries, including the US, UK, Japan, Singapore and Thailand.

Capital / Liquidity

Asian Investors File Claims Over Credit Suisse AT1 Writedown

By Nithya Subramanian | 14/02/2025

Asia-based claimants believe Switzerland breached its investment treaty obligations by fully writing down Credit Suisse’s AT1 bonds.

Market Infrastructure

Korea Exchange Ends Partnership With Eurex

By Nithya Subramanian | 13/02/2025

The Eurex/KRX link will become obsolete when KRX extends its trading hours to include the European trading day.