EBA
Publishes guidelines on remote customer onboarding
22 November 2022
"The European Banking Authority ("EBA") published its final guidelines on the use of remote customer onboarding solutions. These guidelines set out the steps credit and financial institutions should take to ensure safe and effective remote customer onboarding practices in line with applicable anti-money laundering and countering the financing of terrorism ("AML/CFT") legislation and the EU’s data protection framework. The guidelines apply to all credit and financial institutions that are within the scope of the Anti-Money Laundering Directive ("AMLD")." For more information please press here.
Market News
Bloomberg
Global oil market flashes warnings as demand concerns spike
25 November 2022
"The global oil market keeps sending up flares on the outlook for weaker demand. In the latest, a closely-watched gauge of Asian crude consumption tumbled to a seven-month low as surging virus cases in China trigger lockdown-like restrictions in the world’s biggest importer." For more information please press here.
Reuters
U.S. yields sink with dollar on dovish Fed bets. HK shares dip
25 November 2022 "U.S. long-term Treasury yields sank to a more than seven-week trough on Friday while the dollar dropped back toward recent lows against major peers as markets continued to digest dovish signals from the Federal Reserve." For more information please press here.
Financial Times
Brussels demands share of London derivatives clearing
23 November 2022 "The EU will demand that derivatives traders use accounts at clearing houses in the bloc for some of their transactions, as part of plans to take a share of the €115tn market processed through the City of London." For more information please press here.
Cryptocurrencies
MarketWatch
Bitcoin isn’t budging. This week brings little hope for crypto
24 November 2022
"Bitcoin and other cryptocurrencies were little moved Thursday. The digital asset space remains beaten down in the wake of crypto exchange FTX’s shocking and destructive bankruptcy earlier this month. A holiday-shortened week for traditional U.S. markets means any sort of rebound is unlikely to materialize soon." 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.
