Blog

Swedish authorities act against shady exchange offices enabling organized crime and money laundering. Six exposed offices handled millions in cash transactions. A proposed law mandates registration for operating an exchange office, imposing sanctions for non-compliance. Effective January 1, 2024.

The Autorité des marchés financiers (AMF) updates its stance on ESMA guidelines linked to MiFID II directive's suitability needs. It also expands the scope to include financial investment advisers (CIFs), effective Oct 3, 2023.

The EU has announced a landmark AI-powered data hub proposal to improve customs processes, potentially saving €2bn annually for member states. The hub, part of a major customs reform, will centralize import-export functions under the new EU Customs Authority.

The European Central Bank (ECB) seeks public feedback on a report regarding sound counterparty credit risk (CCR) management. It highlights best practices and areas for banks to improve, emphasizing the need for regular stress testing and assessment of counterparty vulnerabilities.

EMIR 3.0: the upcoming overhaul of European Market Infrastructure Regulation. Our analysis spotlights its transformative effects on EU's financial landscape, hinting at impacts on market transparency and stability.