Topic: European Commission

EU releases BlackRock ESG report despite “clear risk” of conflict of interest

The EU has released a report conducted by BlackRock on integrating environmental, social and governance (ESG) factors into banking regulation, despite the European Ombudsman warning of a “clear risk” that the asset manager’s interests could influence the outcome in its own favour.

16 December 2020

EU opens CSDR buy-in regime to the floor

The European Commission has opened the door to amending its central securities depository regulation (CSDR), following industry criticisms over a controversial rule implementing mandatory buy-ins and cash penalties for settlement failures.

09 December 2020

EU bailout fund to get greater powers over bank rescues

European finance ministers have agreed to the long-awaited reform of the EU’s bailout fund, giving it greater powers over future bailout programs and positioning it as a backstop in the case of another financial crisis.

02 December 2020

Basel finalises NPL securitisation rules

The Basel Committee on Banking Supervision has issued specific capital requirements rules for non-performing loan securitisations, addressing what it calls a “gap” in its regulatory framework.

30 November 2020

UK announces post-Brexit equivalence for European firms

The UK Treasury has announced it will grant several equivalence rights to EEA financial firms, amid doubts the EU will reciprocate without the UK including further arrangements in their Brexit plans.

11 November 2020

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