Last updated: June 2026 Put a financial product on a blockchain and the hardest question is which rulebook the token sits under, not how the token works. Get the MiCAR perimeter wrong and a reporting team builds the wrong control set around the wrong instrument: white-paper notifications and crypto-asset service provider records where a prospectus,…
Last updated: June 2026 If your bank runs a trading book, the number that lands in your market risk own funds calculation on 1 January 2027 is no longer the number you spent two years building toward. On 4 June 2026 the European Commission adopted a delegated regulation that bolts a targeted multiplier and a…
Last updated: June 2026 Value an illiquid asset wrong and the error does not stay contained. It feeds straight into the net asset value, into the price at which investors subscribe and redeem, and sometimes into a modified audit opinion. The CSSF illiquid asset valuation review, published on 4 June 2026, sets out where Luxembourg…
Last updated: June 2026 A Council headline on a CBAM scope extension that reads “strengthen CBAM” is easy to misfile. Read fast, and a reporting team hears that the Carbon Border Adjustment Mechanism changed for everyone this month, that cars and washing machines are now in scope, and that someone needs to start collecting embedded-emissions…
Last updated: June 2026 A bank can meet the liquidity coverage ratio every month and still be unable to draw central bank cash quickly when liquidity stress starts. Closing that gap is the whole point of the Riksbank borrowing capacity test. Drawing on a buffer through a central bank facility is a live process, and…
Last updated: June 2026 When a TARGET payment fails to settle, the operations team finds out before the supervisor does. A missed cut-off on the T2 large-value system, a securities leg that does not match in T2S, an instant payment that cannot reach a counterparty bank in another currency: these are the events that turn…
Last updated: June 2026 A marketing notification the CSSF treats as incomplete does not start the statutory clock. The AIF and ELTIF marketing notification file sits in the queue, the twenty working day period does not begin to run until the file is complete, and the launch date a distribution team promised the manager can…
Last updated: June 2026 A trader on your platform splits a large sell into a string of small orders, cancels most of them within seconds, and walks the visible price down before lifting it again. Your surveillance dashboard flags it. Now the clock is running, because MiCAR STOR reporting is not a back-office nicety. Under…
Last updated: June 2026 If a Luxembourg credit institution or financial institution ends up on AMLA’s list of selected obliged entities, its day-to-day AML/CFT supervisor changes. Its supervisor moves from the CSSF to a Frankfurt-based EU body that reviews policies, runs inspections, and can impose pecuniary sanctions. AMLA direct supervision is that mechanism, and the…
Last updated: June 2026 Get the EMIR 3 clearing obligation calculation wrong and the error does not stay small. A counterparty that miscounts its positions can either declare itself out of scope when it is in, or open an account it never needed at a central counterparty and start paying for clearing capacity it cannot…