The Financial Conduct Authority (FCA) said that a “significantly high number” of crypto assets businesses are not meeting the required standards under the Money Laundering Regulations.
Reporting data of over the counter (OTC) and Systematic Internalisers (SI) trades, creation of a consolidation tape and bolstering retail investor protection will be the key priorities for the ongoing MiFIR/ MiFID II review.
European Fund and Asset Management Association (Efama) has called for more time to prepare technical standards and guidelines and better synchronisation between European Commission and EU securities regulator, Esma.
At the Irish Funds annual conference this year, regulators weighed in on the measures required to fix the faults in the current financial system, which were exposed during the Covid-19 pandemic.
On 18 May, the German federal constitutional court dismissed two applications for an order of execution against the European Central Bank’s (ECB) Public Sector Purchase Programme (PSPP).
Insurance Europe, an association representing insurance and re-insurance companies across Europe, said that clear and consistent disclosures are needed for Taxonomy-related information.
The Financial Conduct Authority (FCA) is planning to introduce a new consumer duty, a package of measures laying down a standard of conduct for financial services firms, to increase protection of retail investors.