EUROPE

Fintech / Regtech

The Use of Regulatory Sandboxes in Europe and Asia

By Claus Christensen | 06/09/2018

Asia presents a unique mix of technological advancements and interconnected economic and regulatory systems, which makes it the perfect environment for rapid business growth for fintech/regtech companies with ambitious goals.

AML / KYC

What You Need to Know About the EU’s 5th AML Directive

By ComplyAdvantage | 05/09/2018

The Fifth Money Laundering Directive (5MLD) will come into force on the 10 January 2020, with far-reaching impacts aimed at addressing weaknesses in the EU’s AML/CFT regime that have come to light since the enactment of 4MLD in June 2017.

Market Infrastructure

China Issues Draft Rules on Shanghai-London Depository Receipts

By Manesh Samtani | 03/09/2018

CSRC solicits public comments on rules for SSE- and LSE-listed firms issuing depository receipts in each other’s markets through Shanghai-London Stock Connect, set to launch later this year.

Securities / Derivatives

SFTR to Require Five Times More Reports Than Trades – DTCC

By Manesh Samtani | 26/07/2018

New paper highlights the impact of incoming securities finance trade reporting obligations on the industry including collateral supply, liquidity and operations.

Market Infrastructure

ESMA Seeks Extension of Intragroup Clearing Exemption

By Garima Chitkara | 16/07/2018

In intragroup transactions involving a third country entity, ESMA is seeking to extend its temporary clearing exemption for derivatives transactions.

Market Infrastructure

Brexit Shifts Regulatory Powers to Continental Europe

By Peter Guy | 16/07/2018

The UK government’s Brexit white paper reveals disappointing support for London’s global role in financial regulations. London could be disintermediated as a financial centre.

Market Infrastructure

Shift from London Financial Centre Gains Pace

By Peter Guy | 12/07/2018

With nine months to go before Britain’s scheduled exit from the EU, the effects of Brexit are largely unknown and will take years to resolve. Yet, banks and asset managers have already begun planning for the relocation of staff and offices as the continent clarifies its financial regulations.

AML / KYC

Non-EU Markets Regulators Seek Formal GDPR Exemptions – Report

By Manesh Samtani | 28/06/2018

New EU data privacy law could put cross-border investigations in jeopardy, leading non-EU regulators including Japan’s FSA and Hong Kong’s SFC to press for formal clarification on application of cross-border information sharing exemptions.

Capital / Liquidity

The Greek Tragedy of Financial Regulation

By Peter Guy | 25/06/2018

The latest Eurozone bailout has effectively sentenced the country to a generation of vassalage, creating a financial serfdom. Weak growth and regulatory shortcomings will only invite the next crisis.