EUROPE

AML / KYC

AUSTRAC, UK Gambling Commission Sign Anti-Financial Crime MOU

By Editors | 13/01/2020

The signing of the MOU brings the number of jurisdictions AUSTRAC shares regulatory intelligence with to five, on top of 93 MOUs it has with financial intelligence units.

Fintech / Regtech

UK Digital Regulatory Reporting Pilot Completes Phase Two

By Manesh Samtani | 10/01/2020

Phase two of the DRR pilot highlighted the importance of agreed data standards. An appropriate solution for producing machine-executable regulation has not yet been identified.

Market Infrastructure

ESMA Grants LEI Reporting Relief to Non-EU Issuers Under SFTR

By Editors | 09/01/2020

ESMA has granted non-EU issuers of securities and collateral a 12-month grace period before they are required to report LEIs under SFTR.

Fintech / Regtech

UK Financial Regulators Announce Data Reform Proposals

By Editors | 09/01/2020

The FCA has set out a plan to become a ‘highly data-driven regulator’. The BOE has published a discussion paper on transforming data collection.

Market Infrastructure

ISDA Offers Guidance on Cross-Border Application of Margin Rules

By Editors | 08/01/2020

The guide seeks to help firms subject to margin rules analyse multiple foreign rule sets, identify situations in which different rules apply, and improve understanding on substituted compliance.

Securities / Derivatives

ESMA Analyses Market Impact of Circuit Breakers

By Editors | 08/01/2020

ESMA’s study found that price volatility is significantly lower after the use of a circuit breaker, as intended, but that bid-ask spreads significantly increase after a trading halt.

Market Infrastructure

Shanghai-London Connect Suspended Amid Political Tensions – Reports

By Editors | 05/01/2020

A CSRC spokesperson has denied the suspension after multiple media reports emerged that SSE companies have been temporarily blocked from listing depositary receipts on the LSE.

Market Infrastructure

ESMA Extends UK CCP Recognition to Guard Against No-Deal Brexit

By Editors | 27/12/2019

The temporary recognition decisions for LCH, ICE Clear Europe and LME Clear have been extended to 30 March 2021, in case of a no-deal Brexit scenario.

AML / KYC

EU Authorities Issue Framework for Supervisory Cooperation on AML/CFT

By Editors | 19/12/2019

The guidelines set out a framework for bringing together AML/CFT supervisors, prudential supervisors and third-country regulators to coordinate on multi-juridictional AML/CFT matters.