The “robust” plans propose stricter limits on crypto lending, as well as the introduction of a new crypto market abuse regime and tighter rules on the role of financial intermediaries and custodians.
The regulator has started criminal proceedings against five people for conspiracy to commit insider dealing and money laundering between 2019 and 2021.
‘City is defining the rules of Continental Europe more than ever post-Brexit’, says Euronext cash and derivatives head
European regulators have made several U-turns in the last few months, in particular around their stance on systematic internalisers and dark trading, that mimic UK proposals.
A report from the US’ National Bureau of Economic Research finds that fabricated wash trading on unregulated crypto exchanges accounts for the lion’s share of reported volumes.
The regulator confirms plans to publish synthetic one, three and six-month US dollar Libor rates until September 2024, while sterling Libor will continue until March 2024, extending the original deadlines to assist with cash contract transitions.
UK watchdog is seeking clarification from the industry on how to define a multilateral trading facility via a consultation that closes on 11 November.
Following a flawed implementation of trade surveillance requirements, regulator found Citigroup Global Markets experienced gaps in its arrangements, systems, and procedures.
New portfolio trading sales trader at Citi also spent almost 14 years at UBS Investment Bank in portfolio sales trading and cash equities roles.
The financial regulatory body will utilise Level 3 data and analytics from BMLL to better understand how markets behave.
The past week saw appointments from Citi, BestEx Research, the FCA, Kepler Cheuvreux and departures from UBS and BlockFi.