The consultation package provides a framework to guide the activities of service providers under the Regulation on Markets in Cryptoassets (MiCA), which entered into force in the European Union on 29 June 2023
The European Commission has highlighted “strategic deficiencies” in the UAE’s anti-money laundering and counter financing of terrorism regime and added the jurisdiction to its list of high-risk countries on 16 March 2023
The Federal Reserve Board has announced a consent order and US$268.5 million fine with UBS Group AG for misconduct by Credit Suisse, which UBS subsequently acquired in June 2023
This announcement extends HMT proposals advanced under the December 2022 “Edinburgh Reforms” that are designed to exploit the UK’s exit from the European Union to develop its own UK-tailored financial services legislation
EFAMA has called for more time to implement changes and for more consistency with existing policy
EFAMA report on open-ended funds, asking macro-prudential supervisors to rethink investment fund risk
Some buy-side experts concerned that mandatory active accounts for EU clearing could increase systematic risk
In anticipation of next week’s trilogue negotiations, financial markets and asset and fund management associations have asked policy makers to work to avoid suboptimal outcomes for the Markets in Financial Instruments Directive
Jack McRae speaks to a number of European fund administrators on how they are addressing some of the challenges facing the industry
Stephen Isgar, head of network management for the Americas at RBC Investor Services, considers the potential for added cost and risk related to enhancing investor protection
Jacob Ullman, associate product manager at Acadia, outlines how AI and chatbots are reshaping derivatives knowledge
ISITC Europe CIC’s senior research team talk to Jenna Lomax about the association’s research with the SWIFT Institute into the global implications of T+1
Peter Brown talks to Jenna Lomax about the historic misunderstanding and stigmas surrounding Collective Investment Trusts, and why the current market provides the perfect backdrop to bring them to the fore
Deutsche Bank’s Emma Johnson and Mike Clarke share how, in the changing regulatory landscape, technology can enable compliance and deliver better outcomes for clients
John Trundle of Euroclear discusses how the firm’s new settlement offering will benefit clients and provide them with greater efficiency
Valentino Wotton of DTCC discusses the ways in which derivative markets have become more transparent since the financial crisis
The small country of Luxembourg is nestled between Belgium, Germany and France. It is just 2586 square kilometres in size, has a population of less than 650,000 and yet is one of the most significant financial services centres in the world. Lucy Carter reports on international relations and what’s next for UCITS
Brian Bollen looks at Luxembourg’s climate for foreign investors, the change of pace and direction needed for the country’s fintech initiatives, and the wider economic strain impacted by the Russian invasion of Ukraine
The Nordics are looking to make further technological advancements within its financial services space
Although there are complications, Brexit is yet to slow the growth of Paris’s asset servicing and technological innovation
