Friends 'Weekly' Newsletter
08 February 2018
EBF response to consultation on resolution planning, 2018 EU-wide stress tests, EMIR, CCPs, Insurance Distribution Directive, UCITS, Sovereign Bond Backed Securities, Commission Position paper on transitional arrangements, British-based banks' acces to single market after Brexit and more.
|
|
Jump directly to |
 |
 |
|
|
Articles from 01 February 2018 - 08 February 2018 |
|
|
Banking Union |
|
|
|
|
|
|
EBF Response to FSB consultation on Funding Strategy Elements of an Implementable Resolution Plan
EBF in its reaction to the FSB consultation supports the approach provided by the Financial Stability Board which aims at operationalising funding within the resolution planning. |
EBF: 2018 EU-wide stress tests: Banks again fully committed
Taking note of the announcement on the launch of the 2018 EU-wide bank sector stress tests by the European Banking Authority, the European Banking Federation, as voice of the banking sector, wishes to underline its full commitment to this process, designed to maintain and reinforce the resilience of the banking sector. |
|
|
|
|
|
Capital Markets Union |
|
|
|
|
|
|
ESMA publishes the responses to its Consultation on position calculation under EMIR
ESMA has published the responses received to its Consultation on position calculation under EMIR. |
ESMA issues conflict of interest guidelines for CCPs
ESMA issued its final guidelines on the management of conflict of interests for central counterparties. |
Report on the proposal for a regulation of the Parliament and of the Council on a framework for the recovery and resolution of CCPs
The European Parliament report states that recovery plans should ensure that the sequencing of the use of recovery tools properly balances the allocation of losses between CCPs, clearing members and their clients. |
|
|
|
|
|
Insurance |
|
|
|
|
|
|
EIOPA publishes the first paper of a series on systemic risk and macroprudential policy in the insurance sector
The EIOPA published the first in a series of papers with the aim of contributing to the debate on systemic risk and macroprudential policy. Through this series of papers, EIOPA will ensure that any further extension of the debate to the insurance sector fully reflects the industry's specific nature. |
EIOPA consults on draft RTS adapting the base euro amounts for PII and financial capacity of intermediaries under the IDD
The EIOPA has published a consultation paper on draft Regulatory Technical Standards adapting the base euro amounts for professional indemnity insurance (PII) and for financial capacity of intermediaries under the Insurance Distribution Directive (IDD). |
|
|
|
|
|
Asset Management |
|
|
|
|
|
|
Financial Times: US raises pressure over EU plan for changes to fund rules
US regulators and lobby groups are stepping up their resistance to moves by Brussels that could restrict non-EU fund managers from accessing the single market. |
The AMF has published a study on the fees charged by UCITS distributed in France
AMF reviewed the key information documents for just over 8,000 funds and on that basis, offers an overview of funds distributed in France, explanatory factors for variations observed in the fees, an analysis of funds that charge the highest fees and an assessment of performance fees. |
|
|
|
|
|
Market Abuse |
|
|
|
|
|
|
ESMA provides standards on supervisory cooperation for market abuse investigations
ESMA issued its final Implementing Technical Standards regarding the application of Market Abuse Regulation. |
|
|
|
|
|
Friends Services |
|
|
|
|
|
|
European Systemic Risk Board (ESRB) on Sovereign Bond Backed Securities (SBBS)
Graham Bishop analises the European Systemic Risk Board (ESRB) reports on Sovereign Bond Backed Securities (SBBS)and says that it's a great idea - but has many problems. His Temporary Eurobill Fund proposal has much wider application, he argues. |
|
|
|
|
|
Financial |
|
|
|
|
|
|
Composition of the working group on euro risk-free rates announced
The European Central Bank , together with ESMA, the European Commission and the Financial Services and Markets Authority (FSMA), announced the composition of the working group on euro risk-free rates. |
|
|
|
|
|
Economic |
|
|
|
|
|
|
ECB's President Mario Draghi remarks at the European Parliament plenary debate on the ECB Annual Report for 2016
Draghi focused on the economic developments in the euro area and the role of the ECB’s monetary policy; and the state of the European financial sector. He also urged banks and regulators to prepare for the possibility that the UK and the EU were unable to agree on a transition deal post-Brexit. |
|
|
|
|
|
Brexit & UK |
|
|
|
|
|
|
The Telegraph: Brussels could force Britain to follow nearly 40 EU laws during transitional period
Approximately 40 European Union directives could be imposed on Britain in the two-year transition period post-Brexit, according to a leaked Whitehall report. |
Financial Times: Time for UK to make a choice on Brexit trade future, warns Michel Barnier
Michel Barnier, the EU’s chief Brexit negotiator, has warned that future trade barriers will be “unavoidable” if the UK chooses to leave the bloc’s customs union. |
Financial Times: British banks running out of time on post-Brexit EU access
British banks are running out of time to guarantee they will be able to continue operating in the European Union after Brexit, according to the Vice-Chair of the Supervisory Board of the ECB Sabine Lautenschläger. |
|
|
|
|
|
Graham's tweets |
|
|
|
|
Tag Cloud |
|
|
© Graham Bishop
Banking Union