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Derivatives Clearing: EU adopts second equivalence decision for US CCPs | Akin Gump Strauss Hauer & Feld LLP

On 27 January 2021, the European Commission adopted an equivalence decision 1 determining that the legal and supervisory arrangements applicable to US central counterparties (CCPs) registered with the Securities and Exchange Commission (SEC) as “covered clearing agencies” (CCAs), are equivalent to the requirements in Title IV of the European Market Infrastructure Regulation (EMIR). 2 The equivalence decision applies in relation to transactions in securities and derivative contracts that are...
United States United Kingdom Andrea Gonzaga Akin Gump Strauss Hauer Feld Declaration On Financial Services Regulatory Cooperation Commission Implementing Decision

Partners or Competitors? - Tech Sovereignty - Visegrad Insight

Is it indispensable to be technologically sovereign as a country or a region? While Central and Eastern Europe countries may not have the potential to be self-sufficient on global or even European markets, they play a role as part of the EU’s struggle to be digitally sovereign. There are technological corporations much stronger in the present-day era than the British East India Company, and most countries ever were in the past. As a result, there is no possibility of achieving digital soverei...
United States United Kingdom Czech Republic Russian Federation Vladimir Putin Matthias Bauer

Hong Kong residents now eligible for special UK visa – Voice Of Vienna

Hong Kong residents now eligible for special UK visaInternational 2021-02-01, by Editor Comments Off 2 A visa scheme to allow Hong Kong residents to come to the UK opens on Sunday, with some 300,000 people expected to apply. The visa, which is open to holders of a British National (Overseas) passport and their immediate dependents, will offer a fast track to UK citizenship. But the Chinese foreign ministry said it would no longer recognis...
Hong Kong United Kingdom Hong Kong Bnos Zhao Lijian Hong Kongers Priti Patel

Statewatch | EU-Afghanistan informal deportation agreement - full text of the new 'Joint Declaration'

A renewed 'Joint Declaration on Migration Cooperation between Afghanistan and the EU' is heading for approval by the Council of the EU. The Declaration is an informal agreement that facilitates forced removals from EU member states to Afghanistan, a country still facing conflict, violence and instability.
Bruxelles Capitale Secretariat Of The Council Permanent Representatives Committee Deportation Union Eu Council Joint Declaration

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Re-evaluating the military's role in disaster response - Thailand

Re-evaluating the military’s role in disaster response Format “Sustainable security” should be a mantra for a reformed military in a pandemic age. Past global economic downturns have usually had a knock-on effect for military budgets, resulting in lower defence spending. After the global financial crisis led to the contraction of the world GDP in 2009, global military spending only recovered in 2015. With the World Bank predicting that the Covid-19 pandemic will see the global economy shr...
Centre Of Military Medicine Association Of Southeast Asian Nations Militaries Ready Group World Bank United Nations Second World War

Global Payments Newsletter, January 2021 | Hogan Lovells

United Kingdom: HM Treasury consults on regulatory approach to cryptoassets and stablecoins On 7 January 2021 HM Treasury (HMT) published a combined consultation paper and call for evidence on the regulatory approach to cryptoassets and stablecoins. In outline, the consultation proposes: A policy approach that would involve specific requirements being implemented by independent regulators (e.g. via rules or codes of practice) within a wider framework of objectives and considerations set out by ...
United States United Kingdom South Korea National Bank Al Qahirah John Glen

UK stands firm over special visa for Hong Kong residents

BBC News Published media captionWhat is the BNO visa for Hong Kongers? The UK will not "look the other way" on Hong Kongers with British National (Overseas) status, No 10 says, amid a row with China over a new visa. From Sunday Hong Kong citizens with BNO status can apply for a special UK visa. But Chinas foreign ministry has been critical of the move, saying "while the UK may be in dire need of talents" it should not have used the BNO passport as a "political cover-up". It said it will no long...
Hong Kong United Kingdom Zhao Lijian Hong Kongers Priti Patel Boris Johnson
Source: bbc.co.uk

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