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16 March 2017

This week in "Brussels"



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  Articles from 09 March 2017 - 16 March 2017

  Banking
 
 
EBA to centralise notifications on resolution cases and use of DGS funds across the EU
The European Banking Authority set up a dedicated section on its website to centralise information on crisis prevention, management liquidation and resolution of credit institutions in the Union based on the notifications received from the respective national authorities.  View Article
WSBI: Regional credit institutions call for better regulation
DSGV, BVR, WSBI and EACB discussed the contribution made by their banks with a view to the concerns of Germany‘s G20 Presidency. They requested that the right course be set at international level for the reasonable regulation of small credit institutions and institutions with simple business models.  View Article
Bundesbank's Dombret: Between global competition and the regional principle – which bank needs which rules?
Andreas Dombret outlines a number of proposals that can better align the supervisory rules with the low-risk operations of small credit institutions in the future while nonetheless adhering to international standards.  View Article
British Bankers Association: Refining the capital framework to help challenger banks
The PRA's Head of UK Banks and Mutuals, Martin Stewart, introduced the main findings of the PwC's report on challenger banks.  View Article
The EPC publishes an updated version of the White paper on mobile payments
The European Payments Council released the version 5.0 of its White paper on mobile payments, which had been subject to a public consultation in 2016. The white paper aims to contribute to the evolution of an integrated market for mobile payments across the Single Euro Payments Area.  View Article
Bundesbank's Dombret: The challenges currently facing the German banking sector
Andreas Dombret said low interest rates and a change in regulatory requirements are presenting German banks and savings banks with a major challenge. The same is true of advancing digitalisation.  View Article
 
  Securities
 
 
CSDR implementing measures published in the OJ
Implementing measures which supplement the Regulation on improving securities settlement in the EU and on central securities depositories have been published in the Official Journal of the European Union.  View Article
ESMA publishes first set of CSDR Q&As
ESMA has published its first set of Questions and Answers on the Central Securities Depository Regulation. This follows the publication in the Official Journal of the CSDR Level 2 package.  View Article
Financial Times: MEPs seek ‘extraterritorial’ oversight on London euro clearing
Members of the European Parliament have urged regulators to press for “extraterritorial” oversight of the City of London after Brexit as a condition for allowing the UK financial centre to keep its dominance in the lucrative market for clearing euro-denominated derivatives.  View Article
ICMA response to the commission consultation on capital markets union mid-term review
ICMA’s response is preceded by two brief notes on broader themes: the importance of minimising the impact of UK withdrawal from the EU on the Capital Markets Union project; and the importance of ensuring EU global competitiveness.  View Article
FSB publishes consultation on UTI governance
The consultation sets out proposals for the governance arrangements for a global unique transaction identifier, as a key harmonised identifier designed to facilitate effective aggregation of transaction reports about over-the-counter derivatives markets.  View Article
 
  Asset Management
 
 
EIOPA publishes its 2016 Market development report on occupational pensions and cross-border IORPs
The report provides a comprehensive overview of the European occupational pensions landscape, giving a detailed insight into IORPs active nationally and those operating on a cross-border basis.  View Article
Investment & Pensions Europe: Eurozone ministers to discuss benchmarking pension systems
Eurozone finance ministers aim to agree a plan to benchmark member state pension systems when they meet next week.  View Article
Investment & Pensions Europe: FCA prepared to reject industry initiatives
The Financial Conduct Authority will not accept investment industry initiatives to improve cost transparency if it feels these will not deliver, the regulator’s director of strategy and competition has said.  View Article
EFAMA: Net assets of European investment funds rise to an all-time high of EUR 14,142 billion in 2016
The European Fund and Asset Management Association has published its latest Quarterly Statistical Release describing the trends in the European investment fund industry in the fourth quarter of 2016 and the results for the year 2016.  View Article
PLSA launches new Made Simple Guide on indices and benchmarks
The publication, Indices and Benchmarks, sponsored by FTSE Russell, provides a straightforward introduction to a complex area of investment management.  View Article
Hedgeweek: Investor reporting could become a key differentiator in the battle for raising assets
The constantly evolving regulatory landscape has become a challenge for a large number of alternative fund managers, with respect to their reporting obligations at the same time as alternatives have become a more mature option for institutional allocators.   View Article
 
  Corporate Governance/Accounting
 
 
Accountancy Europe: EFRAG’s Draft Endorsement Advice on IFRS 16 Leases
Accountancy Europe responded to EFRAG’s Draft Endorsement Advice on IFRS 16 Leases following a Preliminary Consultation which closed in December 2016, for which Accountancy Europe also provided its comments.  View Article
 
  Grahams Articles, Comments & Speeches
 
 
128th Brussels for Breakfast – Notes
As the triggering of Article 50 approaches, so does the Summit that marks the 60th anniversary of the Treaties that laid the foundations of the EU. The increasing friction between Eurosceptics and the EU27, and an apparent absence of direction were portrayed in the Commission's White Paper.   View Article
 
  Structured CPD: Workbook Brussels4Brunch
 
 
20th Brussels for Brunch: Workbook March 2017
This is the monthly Roundup that accompanies the March 2017 Webinar   View Article
 

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