Europe

Crypto / Digital Assets

Global Consortium Executes First “Quantum-Secure” Trade Transaction

By Sanday Chongo Kabange | 19/06/2023

The trade parties utilised IMDA’s ‘TradeTrust framework’ and placed a quantum-secure ‘seal’ on the electronic trade documents.

Enforcement

UK MPs Demand Re-examination of LIBOR Rigging Convictions

By Mark Johnston | 18/06/2023

UK MPs say crucial evidence was withheld from the LIBOR manipulation inquiry and that the UK is now alone in treating the actions of the traders involved as criminal.

Big Picture

Banque de France Says Second Version of MiCA is Needed

By Editors | 17/06/2023

Francois Villeroy de Galhau highlighted that MiCA currently does not cover crypto conglomerates, crypto lending, DeFi and NFTs.

AML / KYC

TSB Calls on Meta to Take Responsibility for Social Media Frauds

By Editors | 16/06/2023

TSB says Meta should take five steps to protect consumers, including issuing a commitment to investigating and removing fraudulent content within 24 hours.

AML / KYC

UK Unveils Measures to Increase Corporate Accountability for Crime

By Editors | 16/06/2023

Under the reform plan, businesses involved in fraud, money laundering, and bribery will be subject to stricter scrutiny.

Big Picture

Faster Progress Needed to Enhance EU Capital Markets: IMF

By Editors | 15/06/2023

IMF managing director Kristalina Georgieva highlighted key priorities to enhance Europe’s capital markets.

Crypto / Digital Assets

ESMA Sets Out Plans for Crypto Rule Consultations

By Editors | 15/06/2023

With MiCA now in force, ESMA said it would consult on a range of technical standards that will be published in three packages.

Market Infrastructure

India Supervisory Regime for CCPs Gains UK Equivalence

By Editors | 15/06/2023

Indian CCPs have been facing the possibility of losing their ability to provide clearing services to UK market participants.

Capital / Liquidity

HSBC Forms New ‘Innovation Banking’ Division Out of SVB UK Acquisition

By Sanday Chongo Kabange | 13/06/2023

The new ‘HSBC Innovation Banking’ brand will roll out globally in the coming months, with innovation-focused teams in the UK, US, Israel and Hong Kong.