Follow Us

Follow us on Twitter  Follow us on LinkedIn
 
Home>
Print Page Save to My Library <Next Article  Previous Article>
09 June 2016

This week in "Brussels"
  Jump directly to
Banking Securities Insurance
Asset Management Corporate Governance/Accounting Financial Services Policy
International/G20 Graham's Articles, Comments & Speeches About this email

  Articles from 02 June 2016 - 09 June 2016

  Banking
 
 
EBA publishes decision on data for supervisory benchmarking
This Decision comes after the publication of the amended technical standards on benchmarking of internal approaches and requires Competent Authorities to submit data for the 2016 benchmarking exercise, focusing on High Default Portfolios and with reference to end-2015 data.  View Article
BIS: Statement on capital arbitrage transactions
The Basel Committee of Banking Supervisors published its statement on capital arbitrage transactions.  View Article
Financial Times: Sovereign debt rule changes threaten EU bank finances
European banks would have to raise up to €170bn of extra capital or sell almost €500bn of sovereign debt if regulators push ahead with plans to break the “doom loop” tying lenders to their governments, according to new research.   View Article
Financial Times: New bank safety plans criticised for encouraging risky loans
Banks will be encouraged to lend more to their weakest borrowers and take on excessive risks if global regulators push ahead with a rule change aimed at making it harder to cheat on safety measures, a leading industry group has warned.  View Article
BIS Quarterly Review: International banking and financial market developments
The June issue contains information on Bank for International Settlements statistics, notably the BIS Statistical Bulletin; relevant material about financial developments will be included in the Annual Report to be published on 26 June.  View Article
ESMA reminds firms of responsibilities when selling bail-in securities
The European Securities and Markets Authority has published a Statement reminding banks and investment firms of their responsibility to act in their clients’ best interests when selling bail-in-able financial instruments.   View Article
ECB announces remaining details of the corporate sector purchase programme
The Governing Council of the ECB decided that purchases under its corporate sector purchase programme (CSPP) will start on 8 June 2016. The Governing Council also took decisions on the remaining details of the CSPP.   View Article
ECB: Monetary policy decisions
The Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.  View Article
ECB publishes its Convergence Report 2016
The report examines whether sustainable convergence has been achieved in Bulgaria, the Czech Republic, Croatia, Hungary, Poland, Romania and Sweden and gauges compliance with the statutory requirements to be fulfilled by national central banks to become an integral part of the Eurosystem.   View Article
Bruegel: European banking supervision: the first eighteen months
The Blueprint reviews the overall situation and the situation in a number of euro-area countries. It provides important insights into the start of a new policy regime that involves profound change for the European banking landscape.  View Article
 
  Securities
 
 
Capital markets union: Council agrees its stance on prospectus rules
The Permanent Representatives Committee (Coreper) agreed, on behalf of the Council, a negotiating stance on new rules on prospectuses for the trading of securities.   View Article
ESBG, European Investors, European Issuers, FESE: Position papers on the Prospectus Regulation proposal
ESBG, European Investors, European Issuers and FESE support the EC’s proposal for a Prospectus Regulation in order to review the existing EU prospectus regime.  View Article
ESMA and CFTC to cooperate on CCPs
ESMA and CFTC have established a memorandum of understanding under the European Market Infrastructure Regulation.  View Article
ECB: Towards a macroprudential framework for central counterparties
Introductory remarks by ECB's Benoît Cœuré, at a policy panel discussion on the progress with new macroprudential instruments at the ESRB international conference on macroprudential margins and haircuts, focusing on CCPs.  View Article
ESMA updates its EMIR Q&A
ESMA an update of its Q&A on practical questions regarding the European Markets Infrastructure Regulation.  View Article
ESAs Regulations to be incorporated into the European Economic Area Agreement
The European Commission adopted a proposal for a Council Decision on the incorporation of the Regulations on the European Supervisory Authorities and some of the related Regulations and Directives into the EEA.  View Article
ESMA: Multi-venue trading increases liquidity in EU equity markets despite duplicate orders
ESMA issued an economic report on order duplication and liquidity measurement in EU equity markets.  View Article
ESMA assesses usefulness of distributed ledger technologies
ESMA is seeking feedback from stakeholders on the possible use of DLT in securities markets, its potential benefits and the risks that such broader use may pose.  View Article
 
  Insurance
 
 
FSB releases guidance on resolution planning for systemically important insurers
The Financial Stability Board released Developing Effective Resolution Strategies and Plans for Systemically Important Insurers, which provides guidance on developing effective resolution strategies and plans for systemically important insurers.   View Article
EIOPA proposes amendments for the supervisory reporting templates under Solvency II
The European Insurance and Occupational Pensions Authority published a draft amendment to the ITS on the templates for the submission of information to the supervisory authorities.  View Article
Commercial Risk Europe: Concerns over insurer response to Insurance Act
With the implementation of the UK Insurance Act just two months away, serious questions are emerging about the response of the insurance market and its ability to transition to the new law.  View Article
Commercial risk: Risk managers urged to plan for Brexit risks
Risk and insurance managers must urgently consider the business risk and insurance implications of this month’s referendum vote on whether the UK should leave or stay in the European Union.  View Article
 
  Asset Management
 
 
Commission launches consultation on cross-border investment funds
The Commission is launching a consultation on the main barriers to the cross-border distribution of investment funds (UCITS and AIF) in order to increase the proportion of funds marketed and sold across the EU.  View Article
AIMA calls for removal of cross-border barriers to fund marketing
The Alternative Investment Management Association has welcomed the European Commission consultation on reducing barriers to the cross-border marketing of investment funds.  View Article
Investment Association responds to EU Commission’s consultation on cross border investment funds
Guy Sears, Interim Chief Executive of the Investment Association, said that this call for evidence - looking at cross-border markets for investment funds - is a key component of that detailed work.  View Article
ALFI response to the ESMA discussion paper on UCITS share classes
ALFI claims that Luxembourg UCITS management companies have already put in place robust systems of control in order to mitigate any contagion risk, as required by the Luxembourg regulator.  View Article
ESMA publishes updated AIFMD Q&A
ESMA published an updated questions and answers document on the application of the Alternative Investment Fund Managers Directive. The purpose of the Q&A document is to promote common supervisory approaches and practices in the application of the AIFMD and its implementing measures.  View Article
IPE: IORP trialogue yet to resolve numerous issues
European institutions have yet to agree a final stance on key measures proposed in the revised IORP Directive, according to MEP Brian Hayes, with disagreements remaining on matters of cross-border funding and the use of depositories.  View Article
Financial Times: Pensions’ fiduciary management plagued by conflicts of interest
The UK financial regulator should introduce additional safeguards to counter the significant conflicts of interest where consultants provide pension scheme clients with fiduciary management services.  View Article
ESMA issues Technical Standards for European Long-Term Investment Funds
ESMA published its Final Report and draft Regulatory Technical Standards for Regulation 2015/760, the European Long-Term Investment Fund Regulation.  View Article
 
  Corporate Governance/Accounting
 
 
WSBI-ESBG response on the standardised measurement approach for operational risk
The World Savings and Retail Banking Group and the European Savings and Retail Banking Group published a joint comment letter on the BCBS consultation on the Standardised Measurement Approach for operational risk.  View Article
IOSCO: Statement on Non-GAAP Financial Measures
The IOSCO issued a Statement on Non-GAAP Financial Measures to assist issuers in providing clear disclosure for investors and other users of financial measures other than those prescribed by GAAP, and in reducing the risk that such measures are presented in a way that could be misleading.  View Article
 
  Financial Services Policy
 
 
Fourteen international trade associations and business groups announce the formation of a Transatlantic Financial Regulatory Coherence
Organizations supporting the EU‐U.S. Financial Services Marketplace formed a new International Coalition for Transatlantic Cooperation in Financial Regulation,focusing on TTIP.  View Article
 
  International/G20
 
 
Financial Times: US community banks lash out at ‘fintech’ upstarts
Unusual step by financial industry group to lobby for tighter regulation.  View Article
 
  Grahams Articles, Comments & Speeches
 
 
Insoluble Contradictions of the Leavers’ Policies: A Scenario for Timeline to Reality
The Gove/Johnson statement on migration has set in concrete the insoluble and basic contradictions inherent in the Leavers’ policies if Brexit. These contradictions may well push the UK economy over a `tipping point’ – with dramatic economic and financial consequences for Britons' daily lives.   View Article
 

  Graham's tweets


© Graham Bishop

< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information


Add new comment





 


www.grahambishop.com
// Business Applications by Denaploy 		Web Master Information
Terms & Conditions
Privacy Policy