Europe

AML / KYC

UK Unveils Measures to Increase Corporate Accountability for Crime

By Editors | 16/06/2023

Under the reform plan, businesses involved in fraud, money laundering, and bribery will be subject to stricter scrutiny.

Big Picture

Faster Progress Needed to Enhance EU Capital Markets: IMF

By Editors | 15/06/2023

IMF managing director Kristalina Georgieva highlighted key priorities to enhance Europe’s capital markets.

Crypto / Digital Assets

ESMA Sets Out Plans for Crypto Rule Consultations

By Editors | 15/06/2023

With MiCA now in force, ESMA said it would consult on a range of technical standards that will be published in three packages.

Market Infrastructure

India Supervisory Regime for CCPs Gains UK Equivalence

By Editors | 15/06/2023

Indian CCPs have been facing the possibility of losing their ability to provide clearing services to UK market participants.

Capital / Liquidity

HSBC Forms New ‘Innovation Banking’ Division Out of SVB UK Acquisition

By Sanday Chongo Kabange | 13/06/2023

The new ‘HSBC Innovation Banking’ brand will roll out globally in the coming months, with innovation-focused teams in the UK, US, Israel and Hong Kong.

Capital / Liquidity

UBS Closes Credit Suisse Deal, Imposes ‘Red Lines’ on Bankers

By Manesh Samtani | 13/06/2023

FINMA said its intensive supervision will “definitely continue”. MAS said it expects both banks to handle the implications for jobs “responsibly”.

Crypto / Digital Assets

UK: New Rules for Advertising Crypto to Take Effect in October

By Editors | 11/06/2023

All cryptoasset firms marketing to UK consumers, including firms based overseas, will need to comply with the new rules.

Capital / Liquidity

Credit Suisse Rescue Deal to Undergo Parliamentary Probe

By Editors | 11/06/2023

UBS has meanwhile finalised a guarantee agreement with the Swiss government and is now expected to close its Credit Suisse acquisition on Monday (12 June).

Sanctions

EU Council Seeks to Criminalise Sanctions Circumvention

By Editors | 10/06/2023

EU member states would be obligated to criminalise sanctions circumvention, including activities to help bypass an EU travel ban or trade in sanctioned goods.