News Centre

EBA Consults On Amendments To The Guidelines On Money Laundering And Terrorist Financing Risk Factors To Include Crypto-Asset Service Providers

Date 31/05/2023

The European Banking Authority (EBA) launched today a public consultation on amendments to its Guidelines on money laundering and terrorist financing (ML/TF) risk factors. The proposed changes extend the scope of these Guidelines to crypto-asset service providers (CASPs). The consultation runs until 31 August 2023.

CCData Digital Asset Management Review: Digital Asset Management Firms See Major YTD Increase In AUM

Date 31/05/2023

For the first time in 2023, the digital asset sector witnessed a decrease in the total assets under management (AUM) for digital asset investment products, with overall AUM shrinking by 8.92% to $30.6bn in May. Despite this dip, the year-to-date growth of AUM stands at 55.5%.

FTSE UK Index Series – Annual Review June 2023

Date 31/05/2023

• IMI to join the FTSE 100
• Six changes to the FTSE 250

SEC: Commission Statement On The Passing Of Former Chairman Harvey Pitt

Date 31/05/2023

We mourn the passing of Harvey Pitt, the 26th Chairman of the Securities and Exchange Commission. Harvey loved this agency, dating back to his time right out of law school serving as a staff attorney in the Office of General Counsel (OGC). He continued to serve the Commission for a decade, advising former Commissioner Francis M. Wheat, taking on important roles in OGC and the Division of Market Regulation, and serving in the front office of former Chairman Ray Garrett, Jr. After only seven years at the SEC, Harvey became the youngest General Counsel in the SEC’s history. It was one of his greatest dreams to come back later in his career to chair the agency. As Chair, he oversaw the SEC’s response to the September 11th attacks and led the Commission’s rulemaking efforts in response to the corporate accounting crises of the 1990s. Even in the last year, he has made himself available to offer advice and continued to submit comment letters on our rulemaking proposals. Our hearts go out to Saree and Harvey’s family.

BIS: Prudential Treatment Of Cryptoasset Exposures – Executive Summary

Date 31/05/2023

The rapid evolution of cryptoassets and their growing interaction with mainstream finance could raise financial stability concerns and accentuate the microprudential risks of banks. Although the cryptoasset market remains small relative to the size of the global financial system and banks' exposures to cryptoassets are currently limited, the market's absolute size is still meaningful. Moreover, certain cryptoassets have exhibited a high degree of volatility and may intensify risks for banks as exposures increase, including credit, market, liquidity and operational (including fraud and cyber) risks; money laundering/terrorist financing risks; and legal and reputation risks.

ESMA: Amended Rules For Transparency Calculations To Start Applying On 5 June 2023

Date 31/05/2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today informs stakeholders that the amended RTS 1 and RTS 2, under MiFIR, will start applying on 5 June 2023. Some of the amendments will have an impact on the transparency calculations for equity, equity-like and non-equity instruments.

BIS - Climate Risks: Scenario Analysis – Executive Summary

Date 31/05/2023

Scenario analysis is a key tool to assess financial risks arising from climate change, as standard risk modelling cannot adequately capture the unprecedented nature of climate risks1 and the inherent uncertainty of future climate-related events. To help central banks and supervisors, the Network for Greening the Financial System (NGFS) published a guide on how to use scenario analysis to assess climate risk impacts. It has also published reference scenarios that are increasingly used by public and private sector players to analyse climate-related financial risks.

Consultation On Revised Guidelines On Money Laundering And Terrorist Financing (ML/TF) Risk Factors (EBA/CP/2023/11)

Date 31/05/2023

The European Banking Authority (EBA) launched today a public consultation on amendments to its Guidelines on money laundering and terrorist financing (ML/TF) risk factors. The proposed changes extend the scope of these Guidelines to crypto-asset service providers (CASPs). The consultation runs until 31 August 2023.

citytrade.group: BaFin Investigates Citytrade PLC

Date 31/05/2023

The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) warns consumers about the company Citytrade PLC and the services it is offering. BaFin has information that the company is providing financial and investment services on its website citytrade.group without the required authorisation.

BME Submits Entries From Vytrus, Sngular, Arteche And Opdenergy For The European Small and Mid-Cap Awards

Date 31/05/2023

Four Spanish companies, three from BME Growth (Vytrus, Sngular and Arteche) and one from the main market (Opdenergy) will compete for the European Small and Mid-Cap Awards. The nominations, presented by BME, were announced today during the second day of the Medcap Forum, the benchmark meeting between investors and small and medium-sized Spanish listed companies. The event was attended by more than 120 investors, 25% international, and 110 companies.