5 - 2016 - Planet Compliance

European Parliament wants AML and CFT watchdog for Bitcoin and virtual currencies

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The EU Commission should set up a task force to monitor virtual currencies, like Bitcoin, to prevent their being used to launder money or finance terrorism, said Parliament in a non-binding resolution voted on Thursday. The proposal, set out in a resolution drafted by Jakob von Weizsäcker (S&D, DE) suggests that the task force, which …

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FCA publishes report on Market-Based Finance

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The FCA today published Occasional Paper No. 18: Market-Based Finance: Its Contributions and Emerging Issues. This paper provides an overview of the evolution as well as recent innovations in market-based finance (MBF). It argues that MBF is not merely an alternative way of providing banking-like services; it is in many ways a more efficient means of creating, …

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First phase of a global code of conduct for currency markets published

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The first phase of the Global Code of Conduct for the Foreign Exchange Market and principles for adherence to the new standards were released today in New York by the Foreign Exchange Working Group (FXWG). “In a globalised world, the foreign exchange market is one of the most vital parts of the financial plumbing,” said …

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ESMA issues technical standards on indirect clients

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The European Securities and Markets Authority (ESMA) has today issued two final draft regulatory technical standards (RTS) on indirect clearing under the Markets in Financial Instruments Regulation (MiFIR) and the European Market Infrastructure Regulation (EMIR) respectively. The draft RTS clarify provisions of indirect clearing arrangements for OTC and exchange-traded derivatives and help to ensure consistency …

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26 May 2016

European Parliament wants AML and CFT watchdog for Bitcoin and virtual currencies

FCA publishes report on Market-Based Finance

First phase of a global code of conduct for currency markets published

ESMA issues technical standards on indirect clients

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