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Eurogroup agrees operational framework for ESM direct recapitalisation instrument
Euro area Member States have agreed the operational framework of the ESM direct recapitalisation instrument, based on the proposal of Eurogroup meeting from 5 May. The instrument is expected to be part of the ESM toolkit by November of this year. View Article |
Barnier: Financial reform must be continued
The Commissioner argued it was a good moment to reflect on progress in managing the crisis and in focusing financial reform on serving the real economy. He reviewed the 40 measures undertaken and urged continued improvement, in the light of the political shocks from the recent European Election. View Article |
ECB/Mersch: Next steps for European securitisation markets
Yves Mersch, Member of the Executive Board of the ECB, spoke on the growing consensus that ABS as an instrument once seen as part of the problem could in fact be part of the solution to the ongoing slow growth environment. View Article |
WSJ: ECB making steady progress in review of major eurozone banks
Daniele Nouy said that the ECB was making steady progress in its review of the health of major eurozone banks, a key step on the path to a closer banking union for the currency bloc bruised by a financial crisis. View Article |
BIS/Caruana: Redesigning the central bank for financial stability responsibilities
Jaime Caruana, General Manager of the Bank for International Settlements, argued that since much of the responsibility for financial stability policy is shared, integrating financial stability considerations into monetary policy, and vice versa, presents tough institutional challenges. View Article |
BIS/Hakkarainen: Banking supervision and central banking
Mr Pentti Hakkarainen, Deputy Governor of the Bank of Finland argued that the ECB responsible for bank supervision is not the same ECB responsible for monetary policy. View Article |
ESMA publishes new MMoU signed by 29 authorities in the securities and markets area
The new MMoU was agreed in view of the increasing internationalisation, harmonisation and interdependence of financial services and markets in the European Union. It is designed to facilitate cooperation arrangements and the exchange of information between competent authorities. View Article |
EBA launches interactive Single Rulebook
The EBA launched the interactive Single Rulebook, an on-line tool designed to facilitate navigation through the single set of harmonised prudential rules in the EU banking sector. The Single Rulebook aims at ensuring consistent application of the regulatory banking framework across the EU. View Article |
EBA publishes final standards on disclosure of leverage ratio
The EBA published its final draft ITS on disclosure for the leverage ratio. These will be part of the EU Single Rulebook and aim at harmonising disclosure of the leverage ratio across the EU by providing institutions with uniform templates and instructions. View Article |
EBA publishes final standards and methodology on disclosure for global systemically important institutions
The EBA published final draft RTS on the methodology for identifying Global Systemically Important Institutions (G-SIIs), final draft ITS on special disclosure rules applicable and final guidelines on special disclosure rules for large institutions. View Article |
Insurance Europe publishes its annual report 2013-2014
The report describes the federation’s activities on all key regulatory initiatives facing the European insurance industry both at EU and global level, including Solvency II, global capital standards and pension regulation. View Article |
Financial News: Trade bodies unite for MiFID II response
Fourteen trade bodies have joined forces to provide feedback on a revised version of the Market in Financial Instruments Directive, as concerns mount over the time frame the industry has been given to consult on the new rulebook. View Article |