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Latest news of financial regulation

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OCC and Federal Reserve publish a final rule on Regulatory Capital and Liquidity Rules

Created
Wednesday, 28 January 2015

                                                            26 January 2015

 

The OCC and the Board of Governors of the Federal Reserve System (collectively, the agencies) amended provisions of the agencies’ capital and liquidity rules to ensure that the treatment of over-the-counter derivatives, eligible margin loans, and repo-style transactions is unaffected by implementation of special resolution regimes in foreign jurisdictions or by the International Swaps and Derivatives Association Resolution Stay Protocol (ISDA Protocol).

Related documents

Press release

Interim final rule

Council confirms deal reached in Dec with EP on interchange fees for card-based payments and EP’s ECON Committee confirms this deal with Council

Created
Wednesday, 28 January 2015

                                                            27 January 2015

 

The economic affairs MEPs and the Council approved a new rules on the fees that banks charge retailers for processing shoppers’ payments. The vote confirms an informal deal struck with the Council in December. The cap would apply to both cross-border and domestic card-based payments and should cut costs for card users.

 

Related document

Press release

Economic and Monetary Affairs and Civil Liberties committees endorse Parliament/Council deal

Created
Wednesday, 28 January 2015

                                                           27 January 2015

 

Economic and Monetary Affairs and Civil Liberties committees endorsed Parliament/Council deal on money laundering directive and transfers of funds regulation.

The ultimate owners of companies will have to be listed in central registers in EU countries, open both to the authorities and to people with a “legitimate interest”.

 

Related document

Press release

Next step

The two deals still need to be endorsed by the full Parliament (March or April) and by the EU Council of Ministers. Member states will then have two years to transpose the anti-money laundering directive into their national laws.

 

EBA publishes revised version of its final draft technical standards on prudent valuation

Created
Tuesday, 27 January 2015

                                                            23 January 2015

 

The EBA decided to make a specific and limited amendment to its final draft Regulatory Technical Standards (RTS) on Prudent Valuation published on 31 March 2014.Regulation (EU) No 575/2013 (Capital Requirements Regulation — CRR) sets out requirements relating to prudent valuation adjustments of fair-valued positions to determine prudent values that achieve an appropriate degree of certainty having regard to the dynamic nature of trading book positions.

Related documents

Press release

Final draft Regulatory Technical Standards

BCBS issues a second progress report on banks' adoption of the Committee's principles for effective risk data aggregation and risk reporting

Created
Tuesday, 27 January 2015

                                                           23 January 2015

 

BCBS issued a second progress report on banks' adoption of the Committee's Principles for effective risk data aggregation and risk reporting. The report reviews banks' progress in 2014 and updatesa 2013 "stocktaking" self-assessment surveycompleted by G-SIBs, other large banks and supervisors.The Committee will continue to monitor G-SIBs' progress towards meeting the 2016 deadline.

 

 

Related documents

Press release

Progress report

Council Implementing Regulation (EU) 2015/81 with regard to ex ante contributions to the Single Resolution Fund published on the O.J. of E.U.

Created
Thursday, 22 January 2015

                                                            22 January 2015

 

Council Implementing Regulation (EU) 2015/81 specifying uniform conditions of application of Regulation (EU) No 806/2014 of the EP and of the Council with regard to ex ante contributions to the Single Resolution Fund has been published has been published in the O.J of EU.

This Regulation shall enter into force on 23 January 2015.

 

Related document

Council Implementing Regulation (EU) 2015/81

Payment System: Council confirms deal with EP on interchange fees for card-based payments

Created
Thursday, 22 January 2015

                                                            16 January 2015

 

The Permanent Representatives Committee approved, on behalf of the Council, a compromise agreed with the EP on a regulation capping interchange fees for card-based payments. The compromise between the presidency of the Council and the Parliament was reached on 17 December 2014 and will enable adoption of the legislation in first reading.

 

Related documents

Press release

Compromise text

Commission Implementing Regulation (EU) 2015/79 published in the O.J of EU.

Created
Wednesday, 21 January 2015

                                                            21 January 2015

 

Commission Implementing Regulation (EU) 2015/79 amending Implementing Regulation (EU) No 680/2014 laying down implementing technical standards with regard to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council as regards asset encumbrance, single data point model and validation rules has been published in the O.J of EU.

This Regulation shall enter into force on 10 February 2015.

Related document

Commission Delegated Regulation (EU) 2015/79

Capital Requirements: Bank of England publishes a consultation paper on assessing capital adequacy under Pillar 2

Created
Monday, 19 January 2015

                                                            17 January 2015

 

Bank of England published a consultation paper on assessing capital adequacy under Pillar 2. The proposed policy is intended to ensure that firms have adequate capital to support the relevant risks in their business and that they have appropriate processes to ensure compliance with the Capital Requirements Regulation (CRR) and Capital Requirements Directive (CRD).

This consultation closes on Friday 17 April 2015.

Related documents

Press release

Consultation paper

Assessing capital adequacy under Pillar 2 – CP1/15 – related documents

 

 

Commission Delegated Regulation (EU) 2015/35 on the taking-up and pursuit of the business of insurance and reinsurance (Solvency II) published in the O.J of EU

Created
Monday, 19 January 2015

                                                            17 January 2015

 

Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the EP and of the Council on the taking-up and pursuit of the business of insurance and reinsurance (Solvency II) has been published in the O.J of EU.

This Regulation entered into force on 18 January 2015.

 

Related document

Commission Delegated Regulation (EU) 2015/35

Commission Delegated Regulation (EU) 2015/63 with regard to ex ante contributions to resolution financing arrangements published in the O.J of EU

Created
Monday, 19 January 2015

                                                            17 January 2015

 

Commission Delegated Regulation (EU) 2015/63 of 21 October 2014 supplementing Directive 2014/59/EU of the EP and of the Council with regard to ex ante contributions to resolution financing arrangements has been published in the O.J of EU.

This Regulation shall enter into force on 6 February 2015.

 

Related document

Commission Delegated Regulation (EU) 2015/63

Commission Delegated Regulation (EU) 2015/62 with regard to the leverage ratio published in the O.J of EU

Created
Monday, 19 January 2015

                                                            17 January 2015                                                                                              

Commission Delegated Regulation (EU) 2015/62 of 10 October 2014 amending Regulation (EU) No 575/2013 of the EP and of the Council with regard to the Leverage Ratio has been published in the O.J of EU.

This Regulation entered into force on 18 January 2015.

 

Related document

Commission Delegated Regulation (EU) 2015/62



Commission Delegated Regulation (EU) 2015/61 with regard to liquidity coverage requirement for credit institutions published in the O.J of EU

Created
Monday, 19 January 2015

                                                            17 January 2015

 

Commission Delegated Regulation (EU) 2015/61 of 10 October 2014 to supplement regulation (EU) No 575/2013 of the EP and the Council with regard to Liquidity Coverage Requirement for credit institutions has been published in the O.J of EU.

This Regulation shall enter into force on 6 February 2015. It shall apply from 1 October 2015.

Related document

Commission Delegated Regulation (EU) 2015/61

 

United States and European Union discuss on financial market regulation

Created
Friday, 16 January 2015

                                                            15 January 2015

 

The Participants in the U.S.-EU Financial Markets Regulatory Dialogue (FMRD) discussed on their cooperation about an extensive agenda, including topics related to those commitments made by the G-20 Leaders: implementation of Basel III capital, leverage, and liquidity rules; implementation of over-the-counter (OTC) derivatives reforms (including a discussion of cross-border issues); and recent policy developments on cross-border resolution.

The next FMRD meeting will take place in Brussels, Belgium in July 2015.

Related document

United States (U.S.) – European Union (EU) Financial Markets Regulatory Dialogue Joint Statement

EBA says impact of liquidity coverage requirements for EU banks not likely to have adverse effects

Created
Friday, 16 January 2015

                                                            15 January 2015

 

The EBA published its impact assessment report for liquidity coverage requirements. This analysis points to improvements of EU banks' compliance with Liquidity Coverage Ratio (LCR) requirements and shows that the implementation of the LCR is not likely to have a negative impact on the stability of financial markets and of the supply of bank lending.

 

Related document

Press release 

Report

EP publishes a draft report on structural measures improving the resilience of EU credit institution

Created
Friday, 16 January 2015

                                                       22 December 2014

 

EP publishes a draft report on the proposal for a regulation on structural measures improving the resilience of EU credit institutions.

Related document

Draft report

EBA consults on procedures, forms and templates for resolution planning

Created
Thursday, 15 January 2015

                                                            14 January 2015

 

The EBA launched a public consultation on draft Implementing Technical Standards (ITS) on procedures, forms and templates for resolution planning. These ITS have been developed within the framework established by the BRRD.

This consultation runs until 14 April 2015.

 

 

Related documents

Press release

Consultation paper

EP publishes amendments on Money Market Funds

Created
Thursday, 15 January 2015

                                                            12 January 2015

 

The European Parliament’s ECON Committee published set of amendments to the proposed regulation on Money Market Funds. This regulation provides short-term finance to financial institutions, corporates or governments. By providing finance to these entities, money market funds contribute to the financing of the European economy.

Related documents

Amendments 97 - 223

Amendments 224 - 471

Amendments 472 - 800

Next step

EP: Vote in ECON Committee

EMIR: ESMA publishes review of central counterparties (CCPs) colleges

Created
Friday, 09 January 2015

                                                            08 January 2015

 

The ESMA published a peer review report on its participation in the supervisory colleges set up under the European Markets Infrastructure Regulation (EMIR) to authorise and supervise EU-based central counterparties (CCPs).

Related documents

Press release

Peer review report

ECON Committee publishes draft report on proposed regulation on securities financing transactions

Created
Friday, 09 January 2015

                                                           08 January 2015                                                                      

The ECON published a draft report, dated 22 December 2014, on the proposed regulation on reporting and transparency of securities financing transactions (SFTs).

Related document

Draft report

  • Last Update: Wednesday 28 January 2015, 11:47.
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Highlights (month 18 Dec 2014 - 14 Jan 2015)