All posts tagged "European Commission"
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313EuropeSingapore Regulator Raises Concerns Over LSEG-Refinitiv Deal
Singapore's competition regulator has concerns about whether Refinitiv’s widely used WM/Reuters FX benchmarks would be offered to rival providers at fair and reasonable terms.
July 7, 2020 -
499Europe16 Banks Announce Initiative to Digitalise Payments Across EU
The unified payment solution for consumers and merchants across Europe will encompass a payment card, digital wallet, and online and P2P payments.
July 6, 2020 -
412EuropeIndustry Bodies Call on EU to Reform Benchmarks Regulation
The majority of third-country benchmarks pose no systemic risk but could nevertheless be barred from use in the EU due to a costly and burdensome third-country benchmark regime.
June 30, 2020 -
2.2KAML / KYCUPDATED – Wirecard Fraud: A Timeline of Events
Wirecard has filed for insolvency amid multiple probes. BaFin faces scrutiny for mishandling clear red flags. EY faces lawsuits for failing to catch the improprieties earlier.
June 30, 2020 -
1.1KEuropeEuropean Fintechs Launch New Industry Association
The European FinTech Association will seek to remove cross-border barriers in financial services, including to streamline fragmented AML rules and address IBAN discrimination.
June 19, 2020 -
364Europe
EC Proposes Simplified Approach to Supervising Non-EU CCPs
Under the new approach, third-country CCPs that are not deemed systemically important will only be subject to basic ESMA supervision, relying on 'comparable compliance'.
June 15, 2020 -
248Europe
High-Level Forum Charts Course to Achieve EU Capital Markets Union
In a new report, the EU's High-Level Forum on capital markets union offers specific recommendations on developing deeper, more dynamic and more harmonised markets across EU member states.
June 11, 2020 -
235AML / KYCMyanmar: YSX, Securities Firms Directed to Enhance AML Controls
The YSX is asked to strengthen internal controls and establish an audit committee; six securities firms are asked to address document collection and record-keeping deficiencies.
May 25, 2020 -
692AML / KYCCambodia Approves Draft Laws to Curb Money Laundering
The draft bills were reportedly motivated by Cambodia's placement on the FATF's 'grey-list' last year, which impacts foreign investment and the economy.
May 20, 2020 -
896AML / KYC
European Commission Sets Out Action Plan to Root Out AML Loopholes
A single EU rulebook will minimise interpretation and implementation discrepancies across member states, and an EU-level AML/CFT body will address supervisory gaps.
May 10, 2020
