European Securities and Markets Authority

    Germany’s BaFin to Be Reorganised, Top Officials Forced Out

    By Editors | 31/01/2021

    Finance minister Olaf Scholz said the Wirecard affair revealed a need to reorganise Germany’s system of financial regulation “so that it can fulfil its supervisory role more effectively”.

    AML / KYC

    ANNA Announces Expansion of ISIN-to-LEI Mapping Initiative

    By Editors | 16/12/2020

    The linking of ISINs and LEIs effectively links issuers to the issuance of securities, thereby improving transparency and aiding risk and exposure management.

    AML / KYC

    Philippine Authorities Probe Financial Transactions Linked to Wirecard

    By Sanday Chongo Kabange | 11/11/2020

    The National Bureau of Investigation is examining the financial transactions of a law firm office that appears to have provided legal services to Wirecard and Jan Marsalek.

    Market Infrastructure

    The AIFMD Review: Potential Impacts for Asia Pacific

    By Arthur Carabia | 10/11/2020

    While some of the proposals could be harmful to market participants, the review presents an opportunity to clarify certain elements of AIFMD, says ICMA’s Arthur Carabia.

    Enforcement

    BaFin, FREP Were Deficient in Supervising Wirecard, says ESMA

    By Editors | 04/11/2020

    ESMA says it identified deficiencies, inefficiencies and legal and procedural impediments in the supervisory response to Wirecard between 2016 and 2018.

    Securities / Derivatives

    HKIFA Warns Against Changing UCITS Delegation Model – Report

    By Editors | 15/10/2020

    HKIFA chief Sally Wong reportedly said a move to restrict the delegation model could prompt capital to flow away from the European fund industry.

    Securities / Derivatives

    China’s DCE, ZCE Assessed as Post-trade Transparency Positive

    By Editors | 08/10/2020

    The positive assessments relieve EU investment firms from the obligation to make DCE and ZCE transactions post-trade transparent via an APA.

    Market Infrastructure

    Why APAC Should Care About the EU’s AIFMD Review

    By Tony Freeman | 02/09/2020

    Though prompted by Brexit, the proposed review of the AIFMD legislation will also have implications for buy-side firms operating in Asia, says industry veteran Tony Freeman.

    Market Infrastructure

    ESMA Postpones CSDR’s Settlement Discipline Regime

    By Editors | 31/08/2020

    The regime was initially due to come into force from September 2020 before it was deferred to February 2021. The new effective date is 1 February 2022.

    Crypto / Digital Assets

    Brokers Push Back Against ASIC Proposal to Limit CFD Leverage

    By Editors | 30/08/2020

    Foreign exchange brokers expressed concerns that the proposals are overly stringent, infringe on investor freedoms, and may result in regulatory arbitrage.

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