Europe

Market Infrastructure

Cboe to Launch New European Venue for Equity Derivatives

By Editors | 02/05/2021

Clients will benefit from having more choice, and lower friction pricing models will promote greater liquidity, says Morgan Stanley’s David Russell.

AML / KYC

UK Establishes New Global Anti-Corruption Sanctions Regime

By Manesh Samtani | 28/04/2021

The UK has made its first 22 designations under the new regime, including individuals in Russia, South Africa, Honduras, Nicaragua, Guatemala and South Sudan.

Crypto / Digital Assets

UK Taskforce Publishes Digital Dispute Resolution Rules

By Sanday Chongo Kabange | 25/04/2021

The rules allow parties to digital transactions to quickly resolve disputes through arbitration, where decisions are implemented within smart contracts.

Capital / Liquidity

ECB Identifies Internal Model Deficiencies at Big Banks

By Manesh Samtani | 25/04/2021

The changes to correct the deficiencies will result in an overall absolute increase in risk-weighted assets of about EUR 275 billion.

Enforcement

FINMA Opens Probe Into Credit Suisse Archegos Losses

By Sanday Chongo Kabange | 24/04/2021

The Swiss regulator said it will appoint a third-party agent to investigate “possible shortcomings in risk management” at Credit Suisse.

ESG / Sustainability

European Sustainability Reporting Standards Within 18 Months

By ESG Investor | 23/04/2021

Patrick de Cambourg, Chair of the EFRAG Project Task Force, told ESG Investor that the formation of the EU sustainability reporting standards will be collaborative.

AML / KYC

BaFin Files Criminal Complaint Against Deutsche Bank Exec

By Manesh Samtani | 23/04/2021

Alexander Schütz is suspected of using inside information to trade Wirecard shares. A separate probe into EY’s audits of Wirecard is continuing.

AML / KYC

ABN Amro to Settle Dutch AML Probe for €480m

By Manesh Samtani | 22/04/2021

ABN Amro conducted inadequate client due diligence, assigned risk classifications in an incorrect manner, and fell short in alert processing, among other failures.

Crypto / Digital Assets

HM Treasury, BOE Form CBDC Taskforce to Explore ‘Britcoin’

By Sanday Chongo Kabange | 21/04/2021

The taskforce will coordinate work to explore a potential ‘Britcoin’, though a decision has not been made on whether a CBDC would be introduced.