Europe

Securities / Derivatives

ESMA Consults on Potential Move to Shorter Securities Settlement Cycle

By Editors | 08/10/2023

ESMA said it is looking to consider “all the possibilities for a shortened settlement cycle, including both T+1 and T+0”.

Crypto / Digital Assets

ESMA Issues Second Consultation on MiCA Technical Standards

By Editors | 07/10/2023

The consultation covers sustainability indicators of CASPs, trade transparency, record-keeping, and machine-readability of white papers.

ESG / Sustainability

GTAG Releases Final Advice on UK Green Taxonomy

By ESG Investor | 06/10/2023

Ingrid Holmes, chair of the UK’s Green Technical Advisory Group, is calling on the government to urgently implement a green taxonomy.

Enforcement

StanChart Seeks Removal of Allegations in Investor Lawsuit

By Mark Johnston | 05/10/2023

Standard Chartered says allegations that it misled investors on its sanctions noncompliance are baseless.

Enforcement

UK FCA Fines Commodities Broker for AML Failings

By Mark Johnston | 05/10/2023

ADM Investor Services International did not conduct a firm-wide money laundering risk assessment, and its policies and procedures referred to old legislation.

Market Infrastructure

China, Germany to Strengthen Cooperation on Market Access

By Editors | 03/10/2023

Consensus was reached on 25 different topics, including on strengthening regulatory cooperation in the banking and insurance sectors.

Enforcement

UBS Settles Credit Suisse Liability in Mozambique Bribery Case

By Editors | 03/10/2023

The settlement terms have not been made public, but reports say UBS will forgive part of a loan Credit Suisse made to Mozambique in 2013.

Capital / Liquidity

BOE Plans to Create Permanent Lending Facility for Non-bank FIs

By Editors | 02/10/2023

BOE executive director Andrew Hauser said there was an urgent need to fill gaps in the central bank’s liquidity toolkit.

Fintech / Regtech

ECB Outlines How It Uses AI Tech for Central Banking

By Editors | 01/10/2023

The ECB is using AI to automate data collection and analyse text documents, and exploring the use of large language models for multiple use cases.