EUROPE

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    Sanctions

    Switzerland Adopts More Measures from EU’s 14th Russia Package

    By Editors | 21/10/2024

    Switzerland will not adopt the EU text that requires companies to prevent circumvention via their subsidiaries “to the best of their ability”.

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    Fintech / Regtech

    UK Government Consults on Legislation to Regulate BNPL

    By Editors | 21/10/2024

    BNPL providers will have to ensure consumers receive clear information, avoid unaffordable borrowing, and have strong rights when issues arise.

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    Fintech / Regtech

    FCA Launches “AI Lab” to Support Financial Sector Innovation

    By Manesh Samtani | 20/10/2024

    The FCA’s Jessica Rusu said the AI Lab will help firms overcome challenges they face in building and implementing AI solutions.

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    Crypto / Digital Assets

    Euroclear Acquires Strategic Stake in Singapore’s Marketnode

    By Nithya Subramanian | 19/10/2024

    Euroclear said it aims to participate in establishing a key APAC market infrastructure designed to simplify the management of funds flows and reduce settlement times.

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    ESG / Sustainability

    EEX to Help Develop Hydrogren Trading Market in India

    By Editors | 19/10/2024

    The project will be supported by funding from the German government, which aims to promote green hydrogen projects in selected emerging markets.

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    Sanctions

    UK Sanctions Another 22 Russian Shadow Fleet Vessels

    By Editors | 18/10/2024

    The UK also sanctioned Russian gas company Rusgazdobycha JSC, to ratchet up pressure on the Russian gas industry.

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    Capital / Liquidity

    FINMA Directs UBS to Make Adjustments to Recovery Plans

    By Nithya Subramanian | 18/10/2024

    FINMA said UBS’s resolution planning must be further developed to increase the options for action available if there is a risk of insolvency.

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    Sanctions

    UK OFSI Fines Concierge Services Firm for Sanctions Breaches

    By Editors | 30/09/2024

    The firm was fined GBP 15,000 for providing property management services to a designated person subject to an asset freeze between 2022 and 2023.

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    Sanctions

    UK Sanctions Entities, Vessels Involved in Russian LNG Sector

    By Editors | 29/09/2024

    The sanctions target five vessels and two ship management companies, including one based in India called Ocean Speedstar Solutions.

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    Market Infrastructure

    Switzerland to Amend Law to Improve International Cooperation

    By Nithya Subramanian | 27/09/2024

    FINMA would be able to request audits of foreign companies. Overseas regulators would be able to conduct audits within Switzerland.

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