Article: EU to name and shame banks that fail to fight money laundering

Article - Media, Publications

EU to name and shame banks that fail to fight money laundering

Jon Ihle, 08 May 2021

The European Banking Authority (EBA) is setting up a centralised database to name and shame financial institutions in the EU that have weak anti-money laundering (AML) controls.

The EBA, which is responsible for creating a single rulebook for bank regulation in the EU, said the new database would be a “key tool” for coordinating the fight against money laundering and terrorist financing. Continue reading “Article: EU to name and shame banks that fail to fight money laundering”

Article: Stocks Dump’n’Pump; Dollar Gains Amid Bitcoin, Bond Pain

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Stocks Dump’n’Pump; Dollar Gains Amid Bitcoin, Bond Pain

Tyler Durden,25 March 2021

Thanks to yet another big short-squeeze that began shortly ahead of the EU close. This was the biggest short-squeeze since late January. Small Caps went from down over 1.5% ahead of the EU close to up over 2.5%. Nasdaq ended lower as late day selling pressure hit…

Before today, the last six days have seen the market has dropped in the last hour. S&P and Dow are back to unch on the week, Nasdaq remains red and Small Caps still down over 4.3%.Value outperformed Growth today but both ripped off the EU close…

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Article: “Naked” ban deals further blow to CDS

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“Naked” ban deals further blow to CDS

Christopher Whittall, 04 April 2012

A ban on “naked” sovereign credit defaults swaps trading will be stricter and more far-reaching than market participants had previously thought and could severely damage market liquidity, analysts have warned.

The European Union recently published the final version of new regulation prohibiting participants from using CDS to take outright short positions in sovereigns. The regulation developed in the aftermath of various European politicians blaming sovereign CDS for peripheral bond yields widening during the euro zone crisis, despite a lack of empirical evidence to support these claims.

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