Friends 'Weekly' Newsletter
08 March 2018
Basel III monitoring results, EBA CRD IV-CRR/Basel III monitoring exercise, shadow banking report, trading venues, CMU, Graham Bishop's proposal for a Temporary Eurobill Fund, EMU, EU's draft guidelines on the framework for the future relationship with the UK, Theresa May's speech and more.
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Articles from 01 March 2018 - 08 March 2018 |
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Banking Union |
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Basel III monitoring results published by the Basel Committee
The Committee's finalisation of the Basel III reforms is not yet reflected in the results; the collection of relevant data for those reforms started for the end-2017 reporting date. |
The EBA CRD IV-CRR/Basel III monitoring exercise shows further improvement of EU banks capital leverage and liquidity ratios
This exercise presents aggregate data on EU banks' capital, leverage, and liquidity ratios assuming full implementation of the CRD IV-CRR/Basel III framework. The results show a further improvement of European banks' capital positions. |
BCBS, CPMI, FATF and FSB welcome industry initiative facilitating correspondent banking
The BCBS, the CPMI, the FATF and the FSB welcome the Correspondent Banking Due Diligence Questionnaire recently published by the Wolfsberg Group, as one of the industry initiatives that will help to address the decline in the number of correspondent banking relationships by facilitating due diligence processes. |
FSB Global shadow banking monitoring report
The Financial Stability Board published the latest global shadow banking monitoring report, which assesses global trends and risks from shadow banking activities. |
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Capital Markets Union |
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IOSCO consults on recommendations to help trading venues manage extreme volatility
IOSCO explores the measures that trading venues use to address the risks posed by extreme volatility. The report finds that these mechanisms can be an effective way for trading venues to mitigate the effects of extreme volatility and preserve orderly trading. |
ECMI: A post-2019 vision for CMU is needed
The CMU Action Plan has identified the right areas for further harmonisation at EU level but also much needed work by member states and their NCAs, writes ECMI Chairman Fabrice Demarigny. |
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Friends Services |
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Temporary Eurobill Fund (TEF): 30 FAQs
The Temporary Eurobill Fund offers a modest, technical but concrete step that can be expanded progressively into a financial, economic and political structure if circumstances develop propitiously. If they do not, then it can easily be wound down again ad extinguished within two years. |
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Economic |
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Finance ministers from Northern EU member states underline their shared views and values in the discussion on the architecture of the EMU
Against the background of the benign economic conditions, European ministers of finance from Denmark, Estonia, Finland, Ireland, Latvia, Lithuania, the Netherlands and Sweden discussed the future of the EMU, while Leaders exchanged thoughts in December. |
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Brexit & UK |
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Statement by President Donald Tusk on the draft guidelines on the framework for the future relationship with the UK
Donald Tusk unveiled Brussels' draft guidelines on Brexit trade talks and insisted the EU "does not want to build a wall", but said that Brexit means "we will be drifting apart". |
Brexit: Parliament to set out its vision for future EU-UK relations
The European Parliament’s political leadership has endorsed a draft resolution laying out a possible framework for future EU-UK relations after Brexit. |
PM speech on the UK's future economic partnership with the European Union
The UK's Prime Minister Theresa May delivered a speech on Britain's future economic partnership with the European Union after British departure from the bloc. |
Speech by Michel Barnier at BusinessEurope Day 2018
The top EU Brexit broker said that "the UK is closing the doors on itself, one by one, and the only possible model that remains is that of a free trade agreement," outlined the options left for an FTA with the UK, and reminded Britain that "the future of our Union is more important than Brexit." |
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Graham's tweets |
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Tag Cloud |
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© Graham Bishop
Banking Union