Europe

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.

Fintech / Regtech

ECB Starts Preparing for Possible Digital Euro Issuance

By Sanday Chongo Kabange | 06/10/2020

A decision has not been made to introduce a digital euro, but the ECB will commence experimentation to ensure it is prepared if it needs to do so.

Market Infrastructure

EU Antitrust Objections Expected Over LSEG-Refinitiv Deal

By Manesh Samtani | 05/10/2020

EU regulators are said to have antitrust concerns over LSEG’s proposed acquisition of Refivitiv. A Singapore consultation covering similar concerns is closing soon.

Market Infrastructure

SONIA Quoting Conventions to be Adopted in UK Swaps Market

By Editors | 01/10/2020

Interdealer brokers should base quotes in the sterling swaps market on SONIA rather than LIBOR from 27 October, the FCA and BOE say.

Securities / Derivatives

China Yangtze Power Lists Depositary Receipts in London

By Editors | 28/09/2020

Yangtze Power is the first Chinese issuer to receive LSE’s ‘Green Economy Mark’, which recognises firms that derive at least half of revenues from the green economy.

Crypto / Digital Assets

EU Unveils Digital Finance Strategy, Crypto-asset Framework

By Manesh Samtani | 27/09/2020

The package consists of a digital finance strategy, a retail payments strategy, and legislative proposals for regulating the crypto-asset sector.

Securities / Derivatives

EU Sets Out Action Plan to Achieve Capital Markets Union

By Editors | 27/09/2020

The Action Plan seeks to make financing more accessible to European companies and integrate national capital markets into a genuine single market.

Market Infrastructure

European Commission Grants 18 Months Equivalence to UK CCPs

By Editors | 25/09/2020

The European Commission says the decision will give financial market participants time to reduce their “excessive” exposures to UK-based CCPs.

Market Infrastructure

FCA Consults on Regulatory Approach for International Firms

By Editors | 24/09/2020

The FCA is seeking views on its approach to authorising international firms that wish to provide financial services in the UK post-Brexit.