Feed Entries

Latest news of financial regulation

Total: 4687 itemsDisplaying: 1 - 20 items Page 1 of 235

Parliament and Council negotiators reach agreement

Created
Wednesday, 17 December 2014

17 December 2014

 

 

Parliament and Council negotiators agreed on central registers. The ultimate owners of companies would have to be listed in central registers in EU countries, accessible to people with a "legitimate interest", such as investigative journalists and other concerned citizens. The central registers would be accessible to the competent authorities and their financial intelligence units (without any restriction), to "obliged entities" (such as banks conducting their "customer due diligence" duties), and also to the public, whose access may be subject to online registration of the person and to the payment of a fee to cover administrative costs.

 

Related documents

Press release

Next step

The deal still needs to be endorsed by EU member states' ambassadors (COREPER) and by Parliament's Economic and Monetary Affairs and Civil Liberties, Justice and Home Affairs committees, before being put to a vote by the full Parliament next year.

ESMA publishes a report on the findings of its investigation into the way credit rating agencies conduct surveillance of their structured finance credit ratings

Created
Wednesday, 17 December 2014

17 December 2014

 

 

The ESMA published a report on the findings of its investigation into the way credit rating agencies conduct surveillance of their structured finance credit ratings.

In its investigation ESMA identified a number of shortcomings in several areas affecting the surveillance of structured finance ratings for the CRAs investigated. ESMA also identified weaknesses on the level of disclosure and transparency which could be detrimental to investor protection.

 

 

Related documents

Press release

Report

News & articles

Credit rating firms fall short on ABS, European regulator says (Bloomberg Businessweek)

Commission Delegated Regulation (EU) No 1310/2014 published on the Official Journal of EU

Created
Wednesday, 17 December 2014

17 December 2014

 

Commission Delegated Regulation (EU) No 1310/2014 on the provisional system of instalments on contributions to cover the administrative expenditures of the Single Resolution Board during the provisional period has been published on the O.J of EU.

This Regulation entered into force on 11 December 2014.

 

Related document

Commission Delegated Regulation (EU) No 1310/2014

EBA consults on amending ITS on LCR and LR reporting

Created
Wednesday, 17 December 2014

17 December 2014

 

 

The EBA launched two consultations on two draft Implementing Technical Standards amending the Commission's Implementing Regulation on supervisory reporting with regard to the Liquidity Coverage Ratio (LCR) and the Leverage Ratio (LR). The proposed amendments follow the Commission’ Delegated Acts specifying the LCR and the LR respectively.

The consultation on the amendments to the LCR reporting will run until 10 February 2015 and the one on the amendments to the LR reporting will run until 27 January 2015.

 

Related documents

Press release

Consultation on the amendments to the LCR reporting

Consultation on the amendments to the LR reporting

Bank of England announces results of UK Stress Test

Created
Tuesday, 16 December 2014

16 December 2014

 

The Bank of England announced the results of the first concurrent stress testing exercise of the UK banking system. Following on from the EU-wide stress test, the 2014 UK stress test of the eight major UK banks and building societies was designed specifically to assess their resilience to a very severe housing market shock and to a sharp rise or snap back in interest rates.

 

Related documents

Press release

Stress testing the UK banking system: 2014 results 

Financial Markets: ESMA reviews supervisory practices on MiFID investor information

Created
Monday, 15 December 2014

12 December 2014

 

The ESMA conducted a peer review of how national regulators (national competent authorities or NCAs) supervise MiFID conduct of business rules on providing fair, clear and not misleading information to clients. The peer review focused on NCAs’ organisation, supervisory approaches, monitoring and complaints handling in relation to information and marketing communications under MiFID.

 

Related documents

Press release

Peer review report

Financial Markets: EBA issues final technical advice on criteria and factors for intervention on structured deposits under MiFIR

Created
Monday, 15 December 2014

12 December 2014

 

The EBA published its final technical advice to the Commission laying out criteria and factors for exercising intervention powers on structured deposits. The final technical advice follows a request the EBA received from the European Commission in May 2014. The request asked the EBA to specify the criteria and factors that the EBA and competent authorities should take into account when determining whether there is a significant investor protection concern with regard to structured deposits or a threat to the orderly functioning and integrity of financial markets.

 

Related documents

Press release

Technical advice

Risk Management: EBA updates its risk dashboard for EU banking sector

Created
Monday, 15 December 2014

12 December 2014

 

The EBA published the periodical update to its risk dashboard summarising the main risks and vulnerabilities in the banking sector in the European Union (EU) on the basis of the evolution of Key Risk Indicators (KRI) from 53 banks across the EU in the first and second quarter of 2014.

 

Related documents

Press release

Risk dashboard

Mortgage Credit Directive: EBA consults on treatment of mortgage borrowers in arrears

Created
Monday, 15 December 2014

12 December 2014

 

The EBA published a consultation paper on draft Guidelines on arrears and foreclosure under the Mortgage Credit Directive. As foreclosure can have significant consequences for consumers, creditors should implement measures to attempt to resolve with the borrower any payment difficulties before initiating foreclosure proceedings. These draft Guidelines will ensure that such measures are developed and adopted consistently across the European Union.

The public consultation runs until 12 February 2015.

 

Related documents

Press release

Consultation paper

Mortgage Credit Directive: EBA consults on creditworthiness assessment

Created
Monday, 15 December 2014

12 December 2014

 

 

The EBA published a consultation paper on draft Guidelines on creditworthiness assessments under the Mortgage Credit Directive. These draft Guidelines provide details on how creditors across the EU should assess and verify consumers' creditworthiness before concluding credit agreements for immovable residential properties.

The consultation runs until 12 February 2015.

 

Related documents

Press release

Consultation paper

Mortgage Credit Directive: EBA invites input on passport notification requirements for mortgage credit intermediaries

Created
Monday, 15 December 2014

12 December 2014

 

The EBA published a discussion paper on the draft requirements for passport notifications for mortgage credit intermediaries across the EU. The requirements will ensure that information about credit intermediaries that carry out business in one or more Member States is exchanged consistently between the competent authorities of the home Member State and of the host Member State.

The consultation runs until 12 March 2015.

 

Related documents

Press release

Discussion paper

Bank Capital Requirements: Commission Implementing Regulation (EU) No 1317/2014 published on the Official Journal of EU

Created
Monday, 15 December 2014

12 December 2014

 

Commission Implementing Regulation (EU) No 1317/2014 on the extension of the transitional periods related to own funds requirements for exposures to central counterparties in Regulations (EU) No 575/2013 and (EU) No 648/2012 of the EP and of the Council has been published on the Official Journal of EU.

This Regulation shall enter into force on 15 December 2014.

 

Related document

Commission Implementing Regulation (EU) No 1317/2014

Bank Capital Requirements: European Commission adopts first equivalence decision for the purposes of credit risk weighting CRR

Created
Monday, 15 December 2014

12 December 2014

 

 

The EC adopted its first 'equivalence' decision for the purposes of credit risk weighting under Regulation (EU) No 575/2013 (CRR). It establishes a list of third countries whose supervisory and regulatory arrangements the EU considers equivalent.

 

Next step

Publication on the Official Journal of the EU.

 

Related documents

Press release

Text of the implementing Decision

Frequently asked questions

Financial Benchmarks: EU Council Presidency publishes compromise text

Created
Monday, 15 December 2014

12 December 2014

 

 

The EU Council Presidency published a compromise text for the proposed regulation on indices used as benchmarks in financial instruments and financial contracts.

 

 

Related document

Compromise text

 

Next step

Council position

Federal Reserve Board requests comment on proposed rule on global systemically important banking organizations

Created
Thursday, 11 December 2014

11 December 2014

 

 

The Federal Reserve Board proposed a rule to further strengthen the capital positions of the largest, most systemically important U.S. bank holding companies. The proposal establishes a methodology to identify whether a U.S. bank holding company is a global systemically important banking organization, or GSIB.

Comments on the proposed rule will be received through 28 February 2015.

 

Related documents

Press release

Proposed rule

Commission Delegated Regulation on the provisional system of instalments on contributions to cover the administrative expenditures of the Single Resolution Board during the provisional period published on the O.J.E.U.

Created
Thursday, 11 December 2014

11 December 2014

 

Commission Delegated Regulation (EU) No 1310/2014 on the provisional system of instalments on contributions to cover the administrative expenditures of the Single Resolution Board during the provisional period has been published on the O.J of EU.

This Regulation shall enter into force on 11 December 2014.

 

Related document

Commission Delegated Regulation (EU) No 1310/2014

Prudential Requirements: EC extends transitional period for capital requirements for exposures to CCPs

Created
Thursday, 11 December 2014

11 December 2014

 

 

The EC adopted an implementing act that will extend the transitional period for capital requirements for EU banking groups’ exposures to central counterparties (CCPs) under the Capital Requirements Regulation (CRR).

 

 

Related documents

Press release

Text of the implementing Regulation

The BCBS issues revisions to the securitisation framework

Created
Thursday, 11 December 2014

11 December 2014

 

 

The BCBS issued revisions to the securitisation framework. The revisions aim to address a number of shortcomings in the Basel II securitisation framework and to strengthen the capital standards for securitisation exposures.

 

Related documents

Press release

Revisions to the securitisation framework

Securitization: BCBS and IOSCO release a consultative document on criteria for identifying simple, transparent and comparable securitisations

Created
Thursday, 11 December 2014

11 December 2014

 

 

The BCBS and the IOSCO released a consultative document on criteria for identifying simple, transparent and comparable securitisations. The purpose of these criteria is to identify simple, transparent and comparable securitisations structures, as well as to help parties involved in a securitisation transaction evaluate the risks of a particular securitisation as part of their due diligence on securitisations.

Comments on the proposals should be provided by 13 February 2015.

 

Related documents

Press release

Criteria for identifying simple, transparent and comparable securitisations

Council of the EU confirms agreement with European Parliament

Created
Wednesday, 10 December 2014

10 December 2014

 

 

The Permanent Representatives Committee approved, on behalf of the Council, a compromise agreed with the European Parliament on a regulation aimed at increasing the pool of capital available for long-term investment into the EU economy by creating a new form of fund vehicle.

 

 

Related document

Press release

 

Next step

The Council will adopt the regulation at a forthcoming meeting without further discussion, once the

text has been finalised in all languages.

  • Last Update: Friday 19 December 2014, 12:52.
IstEin - Istituto Einaudi IstEin - Istituto Einaudi

Highlights (week 11 - 17 Dec)