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Credit rating agencies: Commission Delegated Regulation (EU) 2015/2 published on the OJ of EU

Created
Thursday, 08 January 2015

                                                            07 January 2015

 

Commission Delegated Regulation (EU) 2015/2 of 30 September 2014 supplementing Regulation (EC) No 1060/2009 of the EP and of the Council with regard to RTS for the presentation of the information that credit rating agencies make available to the ESMA  published on the OJ of EU.

This regulation shall enter into force on 26 January 2015.

 

Related document

Commission Delegated Regulation (EU) 2015/2

ESMA launches three consultations on proposed technical standards, technical advice and guidelines implementing the Central Securities Depositories Regulation (CSDR)

Created
Thursday, 08 January 2015

19 December 2014

The ESMA launched three consultations on proposed technical standards, technical advice and guidelines implementing the Central Securities Depositories Regulation (CSDR). The aim of the CSDR is to harmonise certain aspects of the settlement cycle and settlement discipline and to provide a set of common requirements for CSDs operating securities settlement systems across the EU.

ESMA intends to organise an open hearing on the CSDR consultation papers at ESMA premises on 13 January 2015.

ESMA will consider all comments received by 19 February 2015.

Related documents

Press release

Draft Technical Standards

Draft Technical Advice

Draft Guidelines

Credit rating agencies: Commission Delegated Regulation (EU) 2015/1 published on the OJ of EU

Created
Thursday, 08 January 2015

                                                            07 January 2015

 

Commission Delegated Regulation (EU) 2015/1 of 30 September 2014 supplementing Regulation (EC) No 1060/2009 of the EP and of the Council with regard to RTS for the periodic reporting on fees charged by credit rating agencies for the purpose of ongoing supervision by the ESMA published on the OJ of EU.

This regulation shall enter into force on 26 January 2015.

Related document

Commission Delegated Regulation (EU) 2015/1

EBA issues guidelines to strengthen requirements for the security of internet payments across the EU

Created
Thursday, 08 January 2015

19 December 2014

The EC welcomes the political agreement reached by the EP and the Council on the Commission proposal for a Regulation on Interchange Fees for Card-based Payment Transactions. The Regulation intends to introduce maximum fees for consumer debit and credit cards, makes it possible for retailers to accept only consumer cards, and establishes transparency rules for all transactions.

Related document

Statement

Credit rating agencies: ESAs seek views on guidelines aimed at reducing reliance on credit ratings

Created
Thursday, 08 January 2015

                                                       23 December 2014

 

The ESAs (EBA, EIOPA and ESMA) published a Discussion Paper on the use of credit ratings by financial intermediaries in the EU.

The consultation runs until 27 February 2015.

Related documents

Press release

Discussion Paper

Commission welcomes political agreement reached by European Parliament and Council on capping inter-bank fees for card-based payments

Created
Thursday, 08 January 2015

                                                      19 December 2014

The EBA published its final Guidelines on the security of internet payments, which set the minimum security requirements that Payment Services Providers in the EU will be expected to implement by 1 August 2015.

 

 

 

Related documents

Press release

Final Guidelines on the security of internet payments

Consumer protection: ESAs tackle cross-selling practices in the financial sector

Created
Thursday, 08 January 2015

                                                       22 December 2014

 

The ESAs (EBA, EIOPA and ESMA) published a consultation paper on draft Guidelines for regulating cross-selling practices in the financial sector across the EU. These guidelines establish a coherent and effective approach in supervising firms that offer cross-selling options, so as to enhancing protection of EU customers.

The consultation runs until 22 March 2015.

 

Related documents

Press release

Consultation paper

EBA publishes technical standards and guidelines on resolution planning

Created
Thursday, 08 January 2015

                                                       19 December 2014

The EBA published final draft Regulatory Technical Standards (RTS) on resolution planning and final Guidelines on measures to reduce or remove impediments to resolvability. These are part of the EBA's work to promote a consistent and coherent approach to bank resolution across the European Union (EU) and specify contents of resolution plans for EU institutions.

Related documents

Press release

Final Guidelines

Final RTS

Bank crisis management: EBA consults on the functioning of resolution colleges

Created
Thursday, 08 January 2015

                                                       18 December 2014

 

The EBA launched a consultation on its draft Regulatory Technical Standards (RTS) specifying the operational functioning of the resolution colleges that are to be established for those banking groups that operate on a cross-border basis within the European Economic Area (EEA).

The consultation runs until 18 March 2015.

Related documents

Press release

Bank of England publishes a statement on disclosure of encumbered and unencumbered assets

Created
Thursday, 08 January 2015

                                                       19 December 2014

The Bank of England publishes a statement on disclosure of encumbered and unencumbered assets.

This supervisory statement sets out a waiver from the requirement to disclose template B of the European Banking Authority’s Guidelines on disclosure of encumbered and unencumbered assets.

Related documents

Press release

                                                       Statement

EBA publishes technical standards and guidelines on resolution planning

Created
Thursday, 08 January 2015

                                                       19 December 2014

 

The EBA published final draft Regulatory Technical Standards (RTS) on resolution planning and final Guidelines on measures to reduce or remove impediments to resolvability. These are part of the EBA's work to promote a consistent and coherent approach to bank resolution across the European Union (EU) and specify contents of resolution plans for EU institutions.

 

Related documents

Press release

Final Guidelines

Final RTS

EBA consults on procedures and contents of notifications under the recovery and resolution regime

Created
Thursday, 08 January 2015

                                                       19 December 2014

 

The EBA launched a public consultation on draft Regulatory Technical Standards (RTS) on notifications and notice of suspension. These RTS have been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD) and aim at harmonising the process and content of notifications and notice of suspension arising from a determination that a firm is failing or likely to fail and the subsequent resolution actions.

The consultation runs until 20 March 2015.

Related documents

Press release

Consultation paper

ESMA publishes draft Implementing Technical Standards under the CRR

Created
Thursday, 08 January 2015

                                                      19 December 2014

The ESMA submitted its Final Report along with a draft Implementing Technical Standard (ITS) for specifying main indices and recognised exchanges under an empowerment in the Capital Requirements Regulation to the European Commission.

Related document

Final Report

HM Treasury publishes an explanatory memorandum to the bank recovery and resolution order 2014

Created
Thursday, 08 January 2015

                                                       19 December 2014       

 

The HM Treasury publishes an explanatory memorandum to the bank recovery and resolution order 2014

This instrument is being made with the Banks and Building Societies (Depositor Preference and Priorities) Order 2014, the Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014 and the Banking Act 2009 (Restriction of Special Bail-in Provision, etc) Order 2014 to implement Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms (the “BRRD”).

This order comes into force on 1st January 2015.

Related document

Explanatory Memorandum

Basel accords: BCBS publishes a consultative paper on the design of a capital floor

Created
Thursday, 08 January 2015

                                                       22 December 2014

 

The BCBS published a consultative paper on the design of a capital floor framework based on standardised, non-internal modelled approaches.

The Committee's proposed floor would ensure that the level of capital across the banking system does not fall below a certain level.

The consultation runs until 27 March 2015.

 

Related documents

Press release

Consultation paper

EBA Publishes its Final Draft Implementing Technical Standards (ITS)

Created
Thursday, 08 January 2015

                                                       19 December 2014

 

The EBA published its final draft Implementing Technical Standards (ITS) on joint decisions related to the approval of internal models. The objective of these standards is to facilitate the interaction and cooperation between competent authorities and to strengthen supervision of cross-border banking groups across the EU.

Related document

                                                          Press release

                                                         Final draft ITS on Joint Decisions on Internal Models

IAIS consults on developing global insurance capital standard

Created
Thursday, 08 January 2015

                                                       19 December 2014

 

The IAIS published a public consultation to help guide development of its risk-based, global insurance capital standard (ICS). This is the first of three planned public consultations on the ICS and is open until 16 February 2015.

Related documents

Press release

Consultation 

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

  • Last Update: Friday 24 April 2015, 15:11.
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