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  • tetherusdtcoins.com: BaFin Investigates Website Operator

    Date 23/11/2023

    The Federal Financial Supervisory Authority (BaFin) warns consumers about the website tetherusdtcoins.com. According to information available to BaFin, the operators are providing financial and investment services on this website without the required authorisation. The content of the website is almost identical to that of other dubious websites which have already been the subject of warnings by BaFin dated 12 September and 8 November.

  • BaFin: Blue Energy Group AG: Grounds To Suspect Shares Being Offered To The Public Without The Required Prospectus

    Date 23/11/2023

    BaFin has sufficient grounds to suspect that Blue Energy Group AG is offering its shares to the public in Germany without the required prospectus. There is currently no evidence to suggest that the company is exempt from the prospectus requirement.

  • BIS: Monetary Policy, Financial Conditions And Real Activity: Is This Time Different?

    Date 23/11/2023

    Key takeaways

    • During the current monetary policy tightening episode, financial conditions co-moved closely with policy rates, especially in the initial stages but with some differentiation across countries.
    • For advanced economies, the tightening of financial conditions was stronger this time than in the past, while its full impact on real activity appears to be taking longer than usual.
    • Financial conditions may continue tightening long after central banks stop raising policy rates, with possible implications for financial stability

  • How To Flex Your Organisation's Power Through Culture And Conduct, Speech By Emily Shepperd, UK Financial Conduct Authority Chief Operating Officer And Executive Director Of Authorisations At City & Financial's Culture And Conduct Forum

    Date 23/11/2023

    • Highlights

    • As firms look to raise the bar under the Consumer Duty, they need to consider how their own culture can help to drive better outcomes.  
    • New, flexible proposals on D&I will help firms to drive changes that are ultimately beneficial, but it’s important that the purpose of this is understood and that the right policies and procedures are in place to ensure an inclusive culture with the right incentives.    
    • Enabling people to contribute, challenge and add value means listening, looking at processes and making changes to ensure people can perform at their best.

  • LME Clear EMIR UK Refit Member Changes

    Date 23/11/2023

    ESMA published their Final Report “Technical standards on reporting, data quality, data access and registration of Trade Repositories under EMIR REFIT” on 17th December 2020 (Final Report). The go live date is 29th April 2024. 2. The FCA published a joint FCA/Bank of England Policy Statement (PS 23/2) alongside the final amendments to Technical Standards and new rules for Trade Repositories (TRs) in relation to changes to the derivatives reporting framework under UK EMIR, on 24th February 2022. The go live date is 30th September 2024. 3. Changes to LME Clear Member reports, and feeds, will be required to facilitate Members’ individual reporting. This document will focus on these changes. 4. We encourage all Members to use these reports to inform their EMIR reporting. However, LME Clear will provide further advice for members who want to access the data from alternative sources.