The reforms include overhauls of the ring-fencing and senior managers regimes, a new green finance strategy, and an investment management exemption for cryptoassets.
December 13, 2022Banks are reportedly concerned that measures proposed in October will make it harder to access international markets and cross-border services.
April 8, 2022APAC has overtaken the US in terms of the value of enforcement actions for the first time since 2015, largely due to the Goldman and Westpac cases.
December 11, 2020A leaked set of proposals indicates the European Commission is looking to introduce an EU-wide digital finance framework to hep regulate crypto-asset activities.
September 22, 2020Goldman has been penalised over $44mn for making over 220 million transaction reporting errors over 9.5 years. The fine is larger than UBS received earlier this month.
March 29, 2019Over 9.5 years, UBS AG made 135.8 million errors in its transaction reporting, over a third of which involved erroneously reported transactions which were not in fact reportable.
March 22, 2019Firms in Asia need to start preparing for the impacts SFTR will have on the way they manage their information flow when working with European counterparties, says DTCC's Oliver Williams.
February 14, 2019Experts say regulators likely to accept a ‘best efforts’ approach for at least several weeks after MiFID II official implementation deadline.
December 7, 2017Regulation reform must painfully follow political twists and turns amid fight to reposition EU ahead of UK.
July 4, 2016The entire framework and purpose of EU financial regulations has been thrown into uncertainty.
June 27, 2016