Topic: ESMA

New CCP guidelines mark EU’s post-Brexit fight for clearing competitiveness

The EU’s securities regulator has finalised its guidelines for resolution regimes for EU-based clearing houses, as the European Commission prepares a reform package aimed at boosting its competitiveness in the clearing space.

24 November 2022

New ESMA passporting proposals target aggressive marketing

The European Securities and Markets Authority has proposed new standards for cross-border passporting, after national regulators complained of “aggressive” marketing activities in their jurisdictions from investment firms located elsewhere in the EU single market.

23 November 2022

ESMA releases “nuanced” but “contradictory” five-year plan

The European securities regulator has announced its long-term strategy for the next five years – highlighting stability across the common market and the green and digital transitions – but one practitioner tells GBRR its plans for reducing regulatory complexity are both “nuanced” and “contradictory”.

12 October 2022

EU agrees MiCA framework

The EU’s legislative bodies have reached agreement on the bloc’s regulatory framework for markets in crypto assets, placing stablecoins under EBA supervision and requiring their issuers to be EU-domiciled.

04 July 2022

EU pilots crypto regulatory exemption regime

After a two-year legislative process, the European Union has finally piloted an “out of character” EU-wide sandbox that will grant some crypto firms “momentous” regulatory exemptions.

08 June 2022

Commodities, cyber and climate: Global regulators warn of Russian invasion’s catalysing effects to existing risks

Regulators in the EU, Canada and the Financial Stability Board have all warned that Russia’s invasion of Ukraine war is exacerbating existing commodity market, environmental, and cyber security risks.

22 April 2022

Abu Dhabi to launch “world's first” carbon credit trading exchange

The financial regulator of the Abu Dhabi Global Market will develop what it calls the "world's first" regulated carbon credit trading exchange and clearing house, as its EU and Hong Kong counterparts place renewed emphasis on carbon markets.

30 March 2022

EU lawmakers adopt fresh MiCA draft and reject proof-of-work ban

The European Parliament has voted to advance a cryptocurrency bill without a clause that would have banned proof-of-work mechanisms, and called for digital assets to be dealt with in the EU’s sustainable taxonomy.

21 March 2022

ESMA critiques national regulators for cross-border supervision shortcomings

The European Union’s securities regulator has found several of the bloc’s regulators are not meeting required standards when supervising firms that carry out cross-border activities, singling out Cyprus’ securities watchdog for numerous deficiencies in the area.

14 March 2022

ESMA to tackle exposure to non-EU CCPs

The EU’s securities regulator has called for extra powers to reduce the financial stability risks posed by the bloc’s exposure to non-EU central counterparties, naming clearing services provided by LCH and ICE Clear Europe as of “substantial systemic importance”.

22 December 2021

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