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Cum-ex tax loophole isn't closed, warns German tax expert
01 March 2021
Reporter Drew Nicol

The EU’s tax subcommittee heard that the upcoming criminal trials may allow prosecutors to recoup most of the estimated €55 billion lost tax revenue to related parties that benefited from the suspect's cum-ex scheme

EC will not act on BaFin’s Wirecard negligence in 2021
17 February 2021
Reporter Drew Nicol

The European Commission says it will not act on the ESMA’s findings of German regulatory negligence over Wirecard until domestic investigations conclude next year

EU accepts US CCP regulatory equivalency
27 January 2021
Reporter Maddie Saghir

Allison Herren Lee, acting chair of the SEC, says: “The EC’s decision is an important first step on the road to providing greater regulatory certainty for CCPs and their members on both sides of the Atlantic"

EC approves LSEG acquisition of Refinitiv
13 January 2021
Reporter Drew Nicol

The commission’s conditional approval of LSEG’s acquisition of Refinitiv also makes Euronext’s successful purchase of Borsa Italiana from LSEG much more likely

The final chance to fix CSDR’s settlement discipline regime is here
08 December 2020
Reporter Drew Nicol

Industry stakeholders have until 2 February 2021 to submit responses to the EC’s CSDR consultation, and face a tight timetable to make the changes in Q4 2021 before the settlement discipline regime’s February 2022 go-live date

EMIR Refit delegated reporting rules go live despite industry concerns
18 June 2020
Reporter Natalie Turner

As of today, financial counterparty’s are responsible for reporting OTC derivatives contracts for some of their non-financial counterparty clients under EMIR Refit

European exchanges pledge to stay open
18 March 2020
Reporter Natalie Turner

European Exchanges are vowing to remain open despite deteriorating market conditions brought on by the rapid spread of COVID-19 worldwide

EU ambassadors endorse rules to reduce risks in banking sector
19 February 2019
Reporter Maddie Saghir

EU ambassadors endorse full package of risk reduction measures

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