Ten cryptocurrency exchanges account for 90% of the market’s trading. And that concentration could be a problem, according to a report issued Wednesday (April 10) by the European Securities and Market Authority (ESMA). “While this might be advantageous from an efficiency standpoint due to economies of scale, it...
A European regulator has proposed new rules for cryptocurrency companies headquartered outside of the bloc. The European Securities and Markets Authority (ESMA) introduced regulations Monday (Jan. 29) that would place limits on those companies’ ability to serve customers in the European Union (EU) to prevent unfair competition. The...
In a speech at a conference on finance tokenization, François Villeroy de Galhau, governor of the Banque de France, said the bank is working on a series of CBDC projects. He said two of them will focus on boosting cross-border payments through work on interoperability...
Environmental, social and governance (ESG) issues are increasingly central to fund managers’ investment strategies, and ESG investment has been on the rise for several years. Deloitte predicts that at their current growth rate, ESG-mandated assets are on track to represent half of all professionally managed...
May 30, 2024
Europe’s markets regulator is warning about potential dangers of artificial intelligence (AI) use by investment firms. The European Securities and Markets Authority (ESMA) issued guidance Thursday (May 30) for companies using AI when providing investment services to retail clients. “When using AI, ESMA expects firms to comply with relevant MiFID II requirements, particularly when it […]
April 10, 2024
Ten cryptocurrency exchanges account for 90% of the market’s trading. And that concentration could be a problem, according to a report issued Wednesday (April 10) by the European Securities and Market Authority (ESMA)....
January 29, 2024
A European regulator has proposed new rules for cryptocurrency companies headquartered outside of the bloc. The European Securities and Markets Authority (ESMA) introduced regulations Monday (Jan. 29) that would place limits on those...
July 01, 2020
The president of Germany’s financial watchdog agency defended its actions in the Wirecard AG case where $1.2 billion in deposits went missing. Felix Hufeld, head of the Federal Financial Supervisory...
