New German government calls for crypto regulation LeapRate

November 29, 2021 BY Steffy Bogdanova

New German government calls for crypto regulation

The document states: We are making European financial market supervisory law fit for digitization and for complex group structures in order to ensure holistic and risk-adequate supervision of new business models. We need joint European supervision for the crypto sector. We oblige crypto asset service providers to consistently identify the beneficial owners. The coalition agreement…

February 03, 2020 BY Steffy Bogdanova

Brexit sets in, new relationship between UK and EU yet to be defined

As of Friday evening, last week, Britain is finally out of the European Union, ending 47 years of membership. Some say that the time of uncertainty is over but the future poses even more questions. Officially, the end of January marked Brexit but it will not actually “kick in” until the end of 2020. There…

May 07, 2019 BY Valentina Kirilova

Exclusive: The beginning and end of Britain's Brexit fantasy Part I

The following article has been exclusively prepared for LeapRate by AETOS' analyst Ryan Chen. Introduction The turbulent situation caused by the 2016 Brexit referendum has carried over into 2019. The pound has not yet completely rebounded from the collapse triggered by the crazy referendum, and the process of Brexit appears more difficult than anyone expected,…

December 07, 2016 BY Valentina Kirilova

JPMorgan, HSBC and Credit Agricole fined more than $500 million in Euribor rigging scandal

It's been less than a month since JPMorgan Chase & Co.(NYSE:JPM)'s last $264 million SEC fine for corrupt hiring practices in Asia-Pacific region. Now JPMorgan's back in action, along with HSBC Holdings Plc (NYSE:HSBC) and Credit Agricole SA with a fine of a total of 485.5 million euros ($521 million) for rigging the Euribor benchmark as…

July 13, 2015 BY Andrew Saks-McLeod

How $12 million a year Goldman Sachs executive helped Greece join Euro despite debt criteria outside Maastricht rules

Educated during the 1970s at Cheltenham Ladies College, one of Britain's finest schools, Antigone Loudiadis played a leading role in assisting Greece's entry to the Eurozone at the height of her career, netting Goldman Sachs $500 million by disguising the country's debts to keep within the EU's strict Maastrict rules for membership

July 12, 2015 BY Andrew Saks-McLeod

Breaking: Today's EU summit on Greece canceled

A summit due to be held today including European Union leaders with regard to the Greek debt crisis has been canceled at the last minute, whilst talks resumed at 9,00am GMT

July 10, 2015 BY Andrew Saks-McLeod

Alexis Tsipras caves in to austerity to cling onto EU membership. Is this a slippery slope?

Alexis Tsipras is looking at desperate austerity measures to keep Greece in the EU. If Greece leaves, the ECB and IMF will never receive any repayments on the 394 billion euro debt owed by Greece, however if it stays, the Greek population will likely go against any austerity measures, and the Syriza party may look for further bailouts from Europe

June 29, 2015 BY Andrew Saks-McLeod

View from within: How will FX companies avoid a second "Black Thursday" if Greece exits EU? - LeapRate Investigates

Industry executives speak to LeapRate regarding a close eye is being kept on margin utilization and the requirement for clients to be sufficiently funded in case of extreme volatility caused by an exit from the Eurozone and subsequent default by Greece

April 26, 2015 BY Andrew Saks-McLeod

Greece: Is the EU shuffling the deckchairs on the Titanic?

The EU and IMF have provided bailout after bailout to Greece, and now the possibility of an exit from the European Union and Eurozone along with national bankruptcy is looking increasingly likely following a summit in Riga last week. What will this do to the EU economy?

March 06, 2015 BY Andrew Saks-McLeod

Britain's FX & clearing industry saved from mandatory relocation to eurozone as ECB loses court case

Europe's central bank has lost a court case which would have mandated relocation of firms managing financial trades in euros from London to the Eurozone. With London a strong world financial center, this ruling marks a milestone victory which ensures the continued presence of the electronic trading sector in its de facto home

Tag: european union