Europe

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.

Sanctions

UK, EU, Canada Announce New Sanctions Targeting Myanmar Military

By Editors | 31/10/2024

The sanctions target those supplying aviation fuel to Myanmar’s military in response to airstrikes against civilians, as well as scam operations in the country.

Securities / Derivatives

French, German Banks to Extend Dealings With Indian CCPs

By Editors | 31/10/2024

At the same time, French and German regulators have asked their banks to consider alternate arrangements with local lenders.

Sanctions

UK Sanctions Three Entities Responsible for Russian Disinformation

By Editors | 31/10/2024

The three entities are responsible for a “vast malign online network” which “plagues social media with fake posts, counterfeit documents and deepfake material”.

UK FCA Sets Priorities and Expectations for Retail Banks in 2025

By Nithya Subramanian | 30/10/2024

Dear CEO letter highlights the consumer duty, operational resilience, fraud and financial crime, and sustainable finance as key focus areas for retail banks.