Latest Market News
Central Bank Economic Letter finds that recurrent property taxes can, over time, help to mitigate downside risks to house prices. Such taxes may also provide a stable source of revenue for government, as they are less likely to be affected by the economic cycle. Revenue from recurrent property taxes, as a proportion of national income, […]
Central Bank seeks to anticipate and support innovation in the financial services industry Firms in novel areas must ensure their businesses will not be used to launder the proceeds of crime or to finance terrorism Central Bank issues a bulletin to virtual asset service providers (VASPs) to assist them in strengthening their applications and frameworks […]
On 3 June 2022, BaFin prohibited Juicy Holdings B.V., Amsterdam, the Netherlands, from offering capital investments in the form of investment opportunities in JuicyFlash, JuicyMist, JuicyKush and JuicyHaze cannabis plants to the public due to a violation of the German Capital Investment Act (Vermögensanlagengesetz – VermAnlG). Juicy Holdings B.V. is therefore not authorised to offer […]
On 5 July 2022, BaFin imposed an administrative fine amounting to 20,000 euros on a natural person due to a breach of the first subparagraph of Article 17 (1) of the Market Abuse Regulation (MAR). An appeal may be lodged against the administrative fine order. Update (01.08.2022): The administrative fine order is final and binding. […]
The Bank of England (the Bank), Prudential Regulation Authority (PRA) and FCA (collectively the ‘supervisory authorities’) have set out potential measures to oversee and strengthen the resilience of services provided by critical third parties (CTPs) to the UK financial sector. CTPs provide certain services to regulated financial services firms and financial market infrastructure firms (‘FMIs’) […]
Today, Thursday, July 21 (2022), Russian gas began flowing again to Europe as soon as maintenance operations were completed on Nord Stream 1 after an interruption of about 10 days. According to the data, Russia resumed pumping gas through the Nord Stream 1 pipeline early in the morning of Thursday, July 21 (2022), and this […]