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>
19 January 2017

Friends 'Weekly' Newsletter


NPLs, CRR, EMIR, MiFID II, Euro “clearing”, EU/US Agreement on insurance and reinsurance, FSB proposals, IFRS 9, IFRS 16 Leases, Theresa May's Brexit speech, Brexit, financial services trading, equivalence and more.

  Jump directly to
Banking Securities Insurance
Asset Management Corporate Governance/Accounting Friends' Services
Political   About this email

  Articles from 12 January 2017 - 19 January 2017

  Banking
 
 
EBA updated Risk Dashboard shows that elevated NPLs and a high cost base pose a significant profitability challenge for EU banks
The European Banking Authority (EBA) published today a periodical update of its Risk Dashboard summarising the main risks and vulnerabilities in the EU banking sector by a set of Risk Indicators in Q3 2016.
EBA and ESMA call to clarify margin requirements between CRR and EMIR
EBA and ESMA published their joint report on the functioning of the Capital Requirements Regulation with the European Market Infrastructure Regulation.
 
  Securities
 
 
ESMA issues briefing on transaction reporting requirements under MiFID II
ESMA published guidelines for transaction reporting under MiFID II and MiFIR. Additionally, ESMA released technical requirements and templates further detailing the relevant reporting requirements under MIFID II and MIFIR.
Financial Times: LSE dismisses report on moving clearing to Germany
The London Stock Exchange Group has hit out at an academic report commissioned by its merger partner Deutsche Börse that highlighted the benefits of moving the LSE’s prized clearing business to Frankfurt.
 
  Insurance
 
 
Commission welcomes the successful conclusion of negotiations on an EU/US Agreement on insurance and reinsurance
The European Commission and the US Department of the Treasury and Office of the Trade Representative jointly announced the successful conclusion of negotiations of an Agreement between the EU and the USA on insurance and reinsurance.
 
  Asset Management
 
 
Investment & Pensions Europe: FSB proposals ‘positive’ for asset managers, investors, says Moody’s
Long-term investors and large asset managers will benefit from rule changes proposed by the Financial Stability Board (FSB), despite their cost, according to Moody’s.
 
  Corporate Governance/Accounting
 
 
IASB consults on clarifications to IFRSs
The IASB has published proposed amendments to three Standards for public consultation as part of its annual improvements process.
EFRAG's Endorsement Advice on Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts
EFRAG has completed its due process regarding Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Amendments to IFRS 4) and has submitted its Endorsement Advice Letter to the EC.
EBA’s views on the adoption of IFRS 16 Leases
The EBA has published its comment letter to EFRAG on IFRS 16 Leases. The EBA’s view on IFRS 16 is based on a qualitative and quantitative analysis of the impact of the new Standard.
 
  Friends Services
 
 
Theresa May's Brexit speech
Prime Minister May delivered her much-trailed “Brexit framework” speech this morning… but is it coherent and consistent? The short answer is No.
Euro “clearing”: Liability and Location
This issue of `clearing’ is likely to come to a head quickly once Article 50 Notice of `intention to leave’ is served by the UK - as a direct consequence of the G20 commitment to ensure there are no more taxpayer-funded bailouts of EU financial institutions.
 
  Political
 
 
Bloomberg: HSBC CEO says bankers generating 20% of London revenue may move
HSBC Holdings Plc Chief Executive Officer Stuart Gulliver said trading operations that generate about 20 percent of revenue for the lender’s investment bank in London may move to Paris, quantifying some of the aftershocks for the UK after Brexit.
The government's negotiating objectives for exiting the EU: PM speech
Prime Minister Theresa May set out the Plan for Britain, including the 12 priorities that the UK government will use to negotiate Brexit.
Financial Services Negotiating Forum: Examining Regulatory Equivalence
A new report by the global law firm Norton Rose Fulbright, commissioned by the Financial Services Negotiation Forum. The paper examines approaches to the interpretation and measurement of equivalence.
TheCityUK: Brexit and UK-Based financial and related professional services
TheCityUK issued its key priorities for the UK-based financial and related professional services industry in the Brexit negotiations. The lobby dropped its demands for preserving 'passporting' rights and is now pushing for 'equivalence' deal as the simplest way to trade freely across EU countries.
 

  Graham's tweets

  Tag Cloud
article 50 brexit clearing eba efrag equivalence esma financial services immigration 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