Follow Us

Follow us on Twitter  Follow us on LinkedIn
 
Home>Friends' Services>Brussels Finance Watchers weekly e-mail
Print Page Save to My Library <Next Article  Previous Article>
20 July 2017

Friends 'Weekly' Newsletter


IFRS 9, ECAIs, credit institutions, MiFID II, short-selling regulation, relocations from the UK, banks' Brexit exodus, Repeal Bill and more.

  Jump directly to
Banking Securities Financial Services Policy
Friends' Services Brexit & UK About this email

  Articles from 13 July 2017 - 20 July 2017

  Banking
 
 
EBA updates on the impact of IFRS 9 on banks across the EU and highlights current implementation issues
The exercise has confirmed the EBA's initial observations on the stage of preparation for the implementation of IFRS 9 and the estimated impact of IFRS 9 on regulatory own funds.
EBA outlines roadmap to strengthen the monitoring of ECAIs
Besides its ongoing work on mapping, the EBA plans to strengthen the monitoring and quality of such mapping used for the determination of capital requirements, which may be calculated based on the relevant credit assessments produced by the current 25 credit rating agencies.
EBA publishes final standards specifying information requirements for the authorisation of credit institutions
The European Banking Authority (EBA) published its final draft RTS on the information applicants shall provide to competent authorities when applying for authorisation as credit institutions, and its final draft ITS related to the templates to be used for the provision of such information.
 
  Securities
 
 
ESMA consults on certain aspects of the MiFID II suitability requirements
ESMA published a Consultation Paper on draft guidelines on certain aspects of the suitability requirements under the Markets in Financial Instruments Directive.
ESMA consults on the evaluation of the short-selling regulation
ESMA issued a public consultation regarding its future technical advice to the European Commission on the Short-Selling Regulation.
 
  Financial Services Policy
 
 
ESMA issues sector-specific principles on relocations from the UK to the EU27
ESMA published three Opinions setting out sector-specific principles in the areas of investment firms, investment management and secondary markets, aimed at fostering consistency in authorisation, supervision and enforcement related to the relocation of entities and functions from the UK.
 
  Friends Services
 
 
No ‘strong and stable’ leadership in the first rounds of Brexit talks
The talks over the disconnection of the UK from the EU begun and the picture of the meeting showed a clear imbalance: Michel Barnier boasted about EU27 unity and brought a stack of papers; David Davis wasn’t carrying any documents, but growing political dissent at home could be heard from Brussels.
 
  Brexit & UK
 
 
Reuters: Time running out to prevent banks' Brexit exodus - City of London boss
Britain must negotiate a staggered departure from the European Union in the next few months or risk seeing thousands of finance jobs move overseas, the policy chief of London's financial district told Reuters.
Bloomberg: Citigroup chooses Frankfurt as new European trading hub
Citigroup Inc. has chosen Frankfurt as its newest trading hub in the European Union and plans to present that option to its board of directors this week for approval, according to a person with knowledge of the decision.
The Guardian: Big majority of Labour members 'want UK to stay in single market'
Support for Britain to remain in the EU single market and customs union is overwhelming among Labour party members, according to a poll showing that more than eight out of 10 think the UK should stay in Europe’s key trading blocs.
Department for Exiting the European Union: The Repeal Bill
The Government took the next step in returning power from Brussels to the UK by introducing the European Union (Withdrawal) Bill.
The Guardian: Majority of Brexiteers would swap free movement for EU market access
YouGov poll shows the public is keen to compromise on immigration as trade-off for access to single market.
Reuters: EU and Britain to present post-Brexit plan on WTO membership
The European Union and Britain plan to put forward a joint proposal for reform of the terms of their World Trade Organization (WTO) membership in September or October, an EU source said, as London negotiates to leave the EU.
 

  Graham's tweets

  Tag Cloud
article 50 brexit esma eu financial services the city theresa may trade uk


© 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