Europe

Trading & Investment

HKEX Expands Global Footprint with New London Office

By Editors | 08/09/2023

The new London office together with a New York office opened in June give HKEX a presence in the world’s three major time zones.

PEPs & Sanctions

UK to Designate Wagner Group as Terrorist Organisation

By Sanday Chongo Kabange | 07/09/2023

The draft order to proscribe Wagner Group is expected to pass in Parliament and come into force on 13 September.

PEPs & Sanctions

FCA Unveils Findings from Sanctions System Testing in Financial Sector

By Manesh Samtani | 07/09/2023

The FCA used a “new analytics-based tool” developed in-house that tests how effective firms are at identifying sanctioned individuals and entities.

PEPs & Sanctions

UK FCA Launches Review of Treatment of PEPs

By Editors | 07/09/2023

The FCA said it will take “prompt action” if any significant deficiencies are identified in the arrangements of any firm assessed in the review.

Clearing & Post-Trade

RBI, ESMA Close to Resolving Stand-Off Over CCPs – Report

By Manesh Samtani | 07/09/2023

Discussions regarding MoUs between the RBI and ESMA are reported to be progressing more smoothly and regularly.

CBDCs

UK Completes Discovery Phase of ‘Regulated Liability Network’

By Editors | 06/09/2023

In the next phase, a PoC will continue testing the Regulated Liability Network for consumer domestic payments involving retail CBDC.

AI Risk & Governance

UK House of Commons Report Calls for Dedicated Bill on AI Governance

By Manesh Samtani | 06/09/2023

Key committee outlines 12 challenges related to AI governance, calls for the introduction of a “tightly-focused” AI Bill in the next King’s Speech.

Tokenisation

LSEG to Push Forward Plans to Develop Digital Markets Business

By Editors | 05/09/2023

LSEG has been exploring a possible blockchain-powered trading venue for about a year and has now reached an “inflection point”.

Cybersecurity

Germany’s BaFin Suffering DDoS Attack Since Friday

By Editors | 04/09/2023

BaFin apologised for the inconvenience and said it is working “intensively” to restore full access to its website.