The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is publishing the last package of final reports containing regulatory technical standards and guidelines ahead of the full entry into application of the Markets in Crypto Assets Regulation (MiCA). ESMA has delivered extensive regulatory work over the past 18 months, comprising more than 30 Technical Standards and Guidelines, many of them developed in cooperation with the European Banking Authority (EBA). Continue reading…

Pasqal, a global leader in neutral atom quantum computing, has on 10 December announced an ambitious partnership with Riverlane, a frontrunner in quantum error correction (QEC) technology, to accelerate the race towards fault-tolerant quantum computing – a critical milestone, where errors are corrected in real time, for unleashing the full potential of quantum computing. Continue reading…

The European Central Bank (ECB) and the European Insurance and Occupational Pensions Authority (EIOPA) have on 18 December released a joint paper with a proposal designed to reduce the economic impact of natural catastrophes in the EU. The paper builds on the policy options presented in a 2023 joint ECB-EIOPA discussion paper which advocated a ladder approach to natural catastrophe insurance involving both the private and public sectors. Continue reading…

The FCA has set out plans to simplify the information supplied to investors to boost confidence and drive investment. Under the current rules, introduced across Europe when the UK was in the EU, people buying investments like investment funds are supplied with standardised documents covering prescribed information. In practice these documents were often complex, unclear, and could miss important points. This could put people off investing or lead them to make less informed decisions. Continue reading…

by Uzi Rosha

The intensified focus on conflicts of interest reflects its commitment to safeguarding investors and ensuring market integrity. For investment advisers, managing conflicts is not merely a regulatory obligation, but a fiduciary imperative. Recent enforcement cases have vividly highlighted the critical need for investment advisers to proactively address conflicts of interest. Firms that neglect to disclose or manage these conflicts are increasingly finding themselves facing severe penalties, significant reputational damage, and, most importantly, the erosion of investor trust. Both the regulators and institutional investors have made it clear: There is no room for ambiguity or complacency when it comes to conflicts of interest. Continue reading…

by Guy Harrison

As 2025 approaches, the wealth, trust and corporate services sector faces a defining moment. Confronted with increasing regulatory complexity, rising client expectations and persistent data quality challenges, firms are under increasing pressure to modernise. As highlighted in the Quantios global survey of wealth, trust and corporate services providers as well as private banks, family offices and wealth managers, 71% of firms aspire to build a scalable business to support growth while controlling costs. Yet, the slow adoption of digital solutions as well as mounting regulatory and market pressures facing firms, may cause those costs to spiral out of control. Or worse, those firms that fail to adapt risk diminished profitability, regulatory fines, data breaches and missed opportunities for growth. Continue reading…

According to new research from Quantios, the trust and company service provider (TCSP) sector is split when it comes to AI. Only 53% of companies are either actively implementing AI solutions or developing an AI strategy. This leaves 47% of firms potentially lagging behind in their digital transformation journey. As demand for innovation soars, the pressure to invest in cutting-edge technology is mounting. Nearly a quarter (24%) of respondents agree that client digital expectations have grown this year, compared to only 9% last year – the biggest increase since Quantios began its research.  Continue reading…

In a concerted operation, Belgian and Dutch authorities have cracked down on an internationally operating ‘phone phishing’ gang, leading to the arrest of eight suspects. In addition to ‘phishing’, or trying to gain access to bank or financial data by phone or online, the suspects also visited mainly elderly victims at their homes, pretending to be bank employees or police officers. Eurojust and Europol coordinated and supported the actions in Belgium and the Netherlands, where 17 places were also searched. Continue reading…

The European Banking Authority (EBA) has recently published the findings from its fourth and final round of reviews of competent authorities’ approaches to tackling money laundering and terrorist financing (ML/TF) risks in the banking sector. With this round, the EBA has now assessed all competent authorities that are responsible for the AML/CFT supervision in thirty EU/EEA member states. Continue reading…

The Financial Stability Board (FSB) has on 12 December published its finalised recommendations to promote greater alignment in data frameworks related to cross-border payments and consistency in the regulation and supervision of bank and non-bank payment service providers. These recommendations advance key actions from the G20 Roadmap to address legal, supervisory, and regulatory issues in cross-border payments. As part of these efforts and to enhance private sector engagement, the FSB is inviting market stakeholders in cross-border payments to join its Taskforce on Legal, Regulatory, and Supervisory matters (LRS Taskforce). Continue reading…