🚀 EBA Issues New Guidelines For Payment And Crypto Asset Service Providers
#EBA #PaymentServiceProviders #CryptoAssetServiceProviders #Guidelines #EU #FinancialInstitutions #RestrictiveMeasures #RiskManagement #Governance #OperationalRisks #LegalRisks #ReputationalRisks #ScreeningSystems #FinancialSystem #2025
According to PANews, the European Banking Authority (EBA) released new guidelines on November 14 for payment service providers (PSPs) and crypto asset service providers (CASPs). These guidelines clarify the obligations of these institutions to comply with the restrictive measures imposed by the European Union and its member states during transfers. The EBA highlighted that these guidelines will assist financial institutions in effectively implementing restrictive measures within their governance and risk management frameworks to avoid operational and legal risks.
The EBA emphasized that any weaknesses in the controls, internal policies, and procedures of financial institutions could lead to legal and reputational risks. Such vulnerabilities could undermine the effectiveness of the EU's restrictive measures and potentially impact the stability of the EU financial system. The new guidelines mandate that PSPs and CASPs adopt reliable screening systems to prevent users or entities from circumventing these measures. These guidelines are set to take effect on December 30, 2025.#EBA #PaymentServiceProviders #CryptoAssetServiceProviders #Guidelines #EU #FinancialInstitutions #RestrictiveMeasures #RiskManagement #Governance #OperationalRisks #LegalRisks #ReputationalRisks #ScreeningSystems #FinancialSystem #2025
🚀 Crispin Odey's Reputation Battle Heads to London Court
#CrispinOdey #ReputationBattle #LondonCourt #HedgeFund #SexualMisconduct #FinancialSector #ReputationalRisks #LegalChallenge #Bloomberg
Former hedge fund manager Crispin Odey is set to face a legal challenge in London this week as he attempts to restore his reputation following multiple sexual misconduct allegations. Bloomberg posted on X, highlighting the impact these allegations have had on Odey's firm, which has seen significant turmoil as a result. The court proceedings are expected to shed light on the allegations and their consequences for Odey's professional standing. The case underscores the broader implications of misconduct allegations within the financial sector, as firms grapple with reputational risks and the fallout from such claims.#CrispinOdey #ReputationBattle #LondonCourt #HedgeFund #SexualMisconduct #FinancialSector #ReputationalRisks #LegalChallenge #Bloomberg