EUROPE

Sanctions

UK Announces 56 Targets in New Russia Sanctions Package

By Editors | 09/11/2024

The targets in the UK’s largest sanctions package in 18 months include entities in China, Hong Kong, Türkiye, Central Asia, and Estonia.

UK Orders Chinese Firm to Sell Stake in Semiconductor Business

By Editors | 07/11/2024

The order aims to mitigate the risk of “UK-developed semiconductor technology and associated intellectual property being deployed in ways that are contrary to UK national security”.

Market Infrastructure

UK FCA Introduces New Transparency Rules for Bonds, Derivatives

By Thisanka Siripala | 07/11/2024

FCA also consulting on proposals to allow asset managers for pooled investment funds greater flexibility in how they pay for investment research.

Crypto / Digital Assets

FCA, MAS to Explore Regulatory Considerations for Tokenisation

By Manesh Samtani | 07/11/2024

The FCA and ICMA welcomed reports released by MAS this week offering tokenisation frameworks for funds and fixed income securities.

Fintech / Regtech

MAS, BdF Complete Joint Experiment on Post Quantum Cryptography

By Editors | 06/11/2024

The experiment tested the use of quantum-resistant cryptographic algorithms for email communications. The next phase will focus on payments.

ESG / Sustainability

UK FCA Issues Guidance on Sustainability Disclosure Requirements

By ESG Investor | 05/11/2024

The guidance provides examples of good practice for complying with the SDR requirements, as well as examples of poor disclosure based on its experience to date.

Fintech / Regtech

FCA Issues Guidance on Preparing for CrowdStrike-Style Outages

By Manesh Samtani | 05/11/2024

The FCA offers guidance on compliance with its operational resilience rules by 31 March 2025, drawing lessons from the response to CrowdStrike’s July outage.

Enforcement

Global Operation Dismantles Major Malware Operations: Eurojust

By Nithya Subramanian | 02/11/2024

Authorities shut down servers and seized domains linked to RedLine and META, which stole personal data from millions of victims worldwide.

Fintech / Regtech

BOE Flags Potential Risks of GenAI for Financial Sector

By Thisanka Siripala | 01/11/2024

BOE’s Sarah Breeden suggested that stress tests be conducted to determine whether AI models could amplify market shocks.