Friends 'Weekly' Newsletter
02 April 2015
BoE's 2015 stress test, benchmarks, financial stability, CCPs, EIOPA, Solvency II, AIFMD, IASB, CMU, QE, Round-up of Key Events and more.
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Articles from 26 March 2015 - 02 April 2015 |
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Banking |
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Reuters: EU presidency wants to ditch ban on proprietary trading at banks
The European Commission proposed the draft law to ban proprietary trading at banks and force lenders to isolate other forms of risky trading to help keep the financial system stable. |
BoE published details of 2015 stress test for largest UK banks and building societies
The purpose of the test is to ensure that the UK banking system can withstand a severe shock and continue to provide financial services to the real economy. |
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Securities |
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European Parliament: Economic affairs MEPs target conflicts of interest in benchmark setting
A draft EU law to make the benchmarks used to price EU citizens’ mortgages, loans and bonds more trustworthy was backed by the Economic and Monetary Affairs Committee on March 31. |
ECB and BoE announce measures to enhance financial stability in relation to centrally cleared markets
The ECB and the BoE have agreed enhanced arrangements for information exchange and cooperation regarding UK Central Counterparties with significant euro-denominated business. |
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Insurance |
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EIOPA advice on recovery plan, finance scheme and supervisory powers in deteriorating financial conditions under Solvency II
EIOPA identifies a list of supervisory measures that can be taken in case of deteriorating financial conditions of companies. |
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Asset Management |
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ESMA published updates to Q&As on the AIFMD application
The Alternative Investment Fund Managers Directive puts in place a comprehensive framework for the regulation of alternative investment fund managers within Europe. |
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Corporate Governance/Accounting |
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IASB/Hans Hoogervorst: 'Mind the gap (between non-GAAP and GAAP)'
This speech highlights the potential challenges linked to companies’ reporting of alternative performance measures, also known as non-GAAP measures. |
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Grahams Articles, Comments & Speeches |
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'Deepening EMU' - Round-up of Key Events - March 2015
Highlights included the future of banking, EBA publications, Capital Markets Union, ECJ's decision on CCPs, insurance contracts, EU reform, Grexit, Brexit, tax avoidance initiatives and the ECB's asset purchase programme. |
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Political |
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European Voice: Juncker sets out plans for senior management reshuffle
President of the European Commission will make changes based mainly on the ‘people first’ principle and not on the application of mobility rules. |
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Financial |
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The Parliament Magazine: Competitiveness must be 'focal point' of EU cohesion policy
The capital markets union could benefit SMEs who often find themselves at a disadvantage when seeking out financial assistance, writes Tadeusz Truskolaski. |
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Economic |
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Financial Times: ECB quantitative easing drives confidence for now
Not everyone in the eurozone is enjoying a smooth ride. |
ECB: Accounts and accountability
Speech by Mario Draghi covering the benefits of transparency. |
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Graham's tweets |
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Tag Cloud |
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© Graham Bishop