Follow Us

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

This week in "Brussels"
  Jump directly to
Banking Securities Insurance
Asset Management Corporate Governance/Accounting Financial Services Policy
    About this email

  Articles from 16 June 2016 - 23 June 2016

  Banking
 
 
Council Conclusions on a roadmap to complete the Banking Union
The Council agreed on a 'roadmap' for further work to complete the EU's banking union, focusing in three main areas: a European deposit insurance scheme (EDIS); a common backstop to the single resolution fund; and bank regulations with a view to reducing risks.   View Article
Financial Times: Brussels to intervene on bailing in bank bondholders
EU regulators are set to intervene in a split between countries over how to force losses on investors in failed banks amid concerns that a patchwork of different approaches would make it harder to wind down a big cross-border lender.  View Article
Systemically important banks: Basel Committee publishes implementation assessments on frameworks
This is the first assessment to be conducted on a cross-jurisdictional basis, with these five jurisdictions being simultaneously assessed against the Basel framework.  View Article
Reuters: ECB's Villeroy urges Basel Committee to respect "virtuous" national practices of banks
The Basel Committee's current proposals do not at this stage fully respect earlier commitments to not significantly increase overall capital requirements for banks, ECB Governing Council Member Francois Villeroy de Galhau said.  View Article
Reuters: ECB launches new ultra cheap loan tender
The European Central Bank launched a fresh round of super cheap loans, its latest effort to boost lending, lift economic growth and ultimately revive inflation.  View Article
ECB: A macroeconomic model of banking and financial interdependence in the euro area
Results support that the business cycles can be driven not only by real shocks, but also by financial shocks, the financial sector can amplify the transmission of (real) shocks, and the financial/banking shocks and the banking sectors can be sources of business cycle asymmetries and spillovers.  View Article
GFMA, ISDA, IACPM and JFMC respond to the Basel Consultation on Internal Risk Models
The GFMA, along with the ISDA, the IACPM and the JFMC, responded to the BCBS’s consultation on Reducing variation in credit risk-weighted assets – constraints on the use of internal model approaches.   View Article
Bank of England: Enabling the FinTech transformation: Revolution, Restoration, or Reformation? - speech by Mark Carney
The Bank of England launched a FinTech Accelerator to work in partnership with FinTech firms on challenges that Bank of England, as a central bank, uniquely face. The Accelerator will work with new technology firms to help us harness FinTech innovations for central banking.  View Article
EBA publishes its consumer trends report 2016
The report covers all the products that fall under the European Banking Authority's consumer protection mandate, such as mortgages, personal loans, deposits, payment accounts, payment services and electronic money.  View Article
 
  Securities
 
 
ESMA issues Opinion on inside information disclosure under the Market Abuse Regulation
ESMA issued an Opinion in response to a notification by the European Commission about intended changes on a draft ITS on the disclosure of inside information under the Market Abuse Regulation.  View Article
ESMA updates list of recognised third-country CCPs
The European Securities and Markets Authority has updated its list of recognised central counterparties based in third countries. This update concerns the recognition of the US Chicago Mercantile Exchange Inc. (CME).  View Article
Markets in financial instruments: One-year delay enacted
The Council adopted a regulation and a directive enacting a one-year delay to new securities market rules.  View Article
Hedgeweek: Project Sentinel looks to ‘mutualise’ cost of MiFID II implementation
Project Sentinel, a collaborative initiative by a group of banks to mutualise the cost of MiFID II implementation in the OTC front office, has created a normalised regulatory data model designed to help firms meet their MiFID II OTC sales and trading requirements.   View Article
Steven Maijoor speaks at European Parliament on MiFID II
Steven Maijoor, Chair of the European Securities and Markets Authority, gave a statement to the European Parliament’s Economic and Monetary Affairs Committee on MiFID II during its scrutiny session.  View Article
Steven Maijoor speaks at ISLA’s 25th Annual Securities Finance and Collateral Management Conference
The speech covers issues related to the availability of collateral and the reporting of repos and securities lending trades.  View Article
Bloomberg: Mortgages get metaphorical as the securitization industry takes aim at new rules
Europe's ABS industry is developing a new language to explain its discontents with rules governing the notes. With their "waterfall payments," "credit enhancements," and "X notes," asset-backed securities (ABS) can be complicated.  View Article
 
  Insurance
 
 
Fitch: More transparency may help insurers avoid GSII list
Plans for a more transparent approach when designating globally systemically important insurers (G-SIIs) may lead insurers to increase their efforts to avoid being included on the list of G-SIIs, Fitch Ratings says.  View Article
Fitch: Insurance Act will cause insurers to raise premium rates
Fitch believes the UK Insurance Act will result in more paid claims but that insurers will be forced to raise premiums to compensate.  View Article
 
  Asset Management
 
 
Eurogroup statement on common principles for strengthening pension sustainability
The Eurogroup endorsed, in the context of its thematic discussions on growth and jobs, a set of common principles for strengthening the sustainability of pension systems in the euro area.  View Article
Investment & Pensions Europe: EIOPA repeats call for supervisory follow-up to IORP stress test
The European Insurance and Occupational Pension Authority (EIOPA) has called for “further supervisory response” to the “vulnerabilities” identified in its stress test of European pension funds.  View Article
Investment & Pensions Europe: IORP II negotiators to make renewed attempt at deal next week
Another trialogue meeting on revisions to the IORP Directive looks set to be held next week in a bid to strike a deal before the end of the Dutch presidency of the European Union.  View Article
Money Market Fund Reform - EFAMA believes final agreement should find right balance between financial stability and economic growth
EFAMA is of the view that a well-functioning European market for MMFs has an important part to play in the European Commission’s flagship Capital Markets Union initiative.  View Article
EDHEC: Factor investing and risk allocation: from traditional to alternative risk premia harvesting
This study extends the analysis of factor investing beyond traditional factors and seeks to investigate what the best possible approach is for harvesting alternative long short-risk premia.  View Article
EFAMA's Annual General Meeting in Malta discusses regulatory and market activity within the funds industry
Annual General Meeting provided an opportunity for EFAMA members to discuss the investment and regulatory landscape and to exchange views with representatives from the European Commission and the Maltese Financial Services Authority.  View Article
Investment & Pensions Europe: 'Unsustainable' for EIOPA to continue taking on unplanned tasks
The European Insurance and Occupational Pensions Authority continued to struggle with a demanding workload last year given limited resources, and experienced another year of high staff turnover, according to the supervisory authority.   View Article
EIOPA publishes its Annual Report 2015
The European Insurance and Occupational Pensions Authority (EIOPA) published its Annual Report 2015.  View Article
 
  Corporate Governance/Accounting
 
 
IPE: European Parliament censures IFRS accounting rules
IPE summarises views on a potentially damaging report of the Parliament’s Committee on Economic and Monetary Affairs (ECON) on the activities of the IFRS Foundation and the IASB.  View Article
IASB: Narrow-scope amendments to IFRS 2 Share-based Payment
The IASB issued amendments to IFRS 2 Share-based Payment, clarifying how to account for certain types of share-based payment transactions.  View Article
EUbusiness: New EU rules to promote high-quality audits in force
New EU statutory audit rules have come into force, with the aim of enhancing investor trust in companies' financial information, and boosting confidence in Europe's financial sector.  View Article
ACCA: The New Accounting Directive: A harmonised European Accounting Framework?
EU experts discussed the implementation of the Accounting Directive, which represents the culmination of a debate addressing the accounting acquis in Europe and incorporates within it some 100 Member State Options.  View Article
 
  Financial Services Policy
 
 
ECIIA: Jury still out on EU regulatory reforms
ECIIA comments on the EU’s Call for Evidence on EU regulatory framework for financial services and responses to this EU’s recent review. According to respondents, the combined effectiveness of the various regulatory reforms made in the financial sector following the crisis of 2007-8 are unknown.  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