CySEC
Findings of the assessment of Compliance Officers’ Annual Reports and Internal Audit
Reports on the prevention of money laundering and terrorist financing, for the year 2020
02 June 2022
The Cyprus Securities and Exchange Commission ("CySEC") wishes, with this circular, to inform the regulated entities regarding its findings of the assessment of Compliance Officers’ Annual Reports and Internal Audit Reports on the prevention of money laundering and terrorist financing, for the year 2020.
EBA
ESAs provide clarifications on key areas of the RTS under SFDR
02 June 2022 The three European Supervisory Authorities (European Banking Authority - "EBA", European Insurance and Occupational Pensions Authority - "EIOPA" and European Securities and Markets Authority - "ESMA – “ESAs"), published a statement providing clarifications on the draft regulatory technical standards ("RTS") issued under the Sustainable Finance Disclosure Regulation ("SFDR"), which include the financial product disclosures under the Taxonomy Regulation. For more information please press here.
EBA
ESAs publish the joint report on the withdrawal of authorisation for serious breaches of AML/CFT rules
01 June 2022
The ESAs published a joint report, which provides a comprehensive analysis on the completeness, adequacy and uniformity of the applicable laws and practices on the withdrawal of license for serious breaches of the rules on anti-money laundering and countering the financing of terrorism ("AML/CFT"). For more information please press here.
Market News
Bloomberg European stocks advance as enticing valuations outweigh risks
03 June 2022
" European stocks gained as investors looked past concerns about soaring inflation and slowing growth to pick up shares with cheaper valuations." For more information please press here.
Reuters
Cotton price rally could lift Indian planting to record high
03 June 2022 "Cotton planting in India, the world's biggest producer of the fibre, could jump as much as 15% in 2022 to an all-time high, as strong prices prompt farmers to switch away from other crops, an industry association said." For more information please press here.
Financial Times
Ukraine’s central bank raises rates to 25%
02 June 2022 " Resolute step’ to tackle inflation is the first increase since Russian’s invasion in February. " For more information please press here.
Cryptocurrencies
Reuters
A coming crypto storm for central banks? Focus on digital money intensifies
02 June 2022
"Digital money, a curiosity just a few years ago, is emerging as an intense concern among central banks with the potential to erode the power of monetary policy, and even in the best of worlds likely to make control of interest rates more difficult, according to new Federal Reserve and other research." For more information please press here.
Regulatory Reporting Solutions
Treppides Regulatory Reporting offers extensive reporting solutions under EMIR, MIFID, CRD IV, FATCA, CRS, REMIT towards MiFID II / MiFIR and CRS in all EU/ESMA jurisdictions like Cyprus (CySEC) and UK (FCA) and soon will also comply with foreign jurisdictions such as ASIC DTR.
