Europe

AML / KYC

UK FCA Offers Guidance on Crypto Business Registration

By Editors | 26/01/2023

The guidance draws from over 300 applications received by the FCA to date, to help crypto firms prepare their applications for registration.

Market Infrastructure

ESMA, FCA Agree MoU to Support Benchmark Recognition

By Editors | 26/01/2023

The MoU establishes cooperation arrangements and enables ESMA to start recognising benchmarks administrators from the UK.

ESG / Sustainability

ECB Publishes Climate-related Statistical Indicators

By Editors | 26/01/2023

The indicators are a first step to help narrow the climate data gap, said ECB executive board member Isabel Schnabel.

Big Picture

Tokenisation Can Threaten Financial System Stability: Denis Beau

By Mark Johnston | 25/01/2023

Banque de France official says tokenisation increases operational risks, especially cyber risks, and needs to be regulated “as swiftly as possible”.

AML / KYC

France Maintains Public Access to Beneficial Owners Register

By Editors | 25/01/2023

The French government plans to define the future methods of access “soon”, taking into account the November decision by the CJEU.

JFSA, ECB Agree to Cooperate on Banking Supervision

By Editors | 25/01/2023

The Memorandum of Cooperation covers procedures for information sharing and on-site visits, and the permissible uses and confidentiality of information shared.

Crypto / Digital Assets

Action Against Crypto Firm Bitzlato Yields Seizures, More Arrests

By Editors | 25/01/2023

Authorities seized EUR 18 million in crypto wallets and froze EUR 50 million in accounts at other crypto exchanges, Europol says.

Crypto / Digital Assets

BISIH London Invites Firms to Test Retail CBDC API Platform

By Editors | 25/01/2023

Project Rosalind’s phase one work will be complete within Q1 and be followed by a further phase focused on testing and validating API functionality.

Capital / Liquidity

EU Lawmakers Back Draft Law to Implement Basel III

By Editors | 25/01/2023

The draft law contains an interim treatment for banks to apply a 1250% risk weight to their cryptoasset exposures until 31 December 2024.