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
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
EU regulator ESMA has refused to budge on rules that will disallow derivatives trading on UK venues once the Brexit transition period ends, leaving the UK at risk of losing its dominance of the multi-trillion dollar global derivatives market.
26 November 2020
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
As German financial regulator BaFin awaits a drastic overhaul of its supervisory powers, the European Securities and Markets Authority has criticised it and accounting watchdog FREP for their “unaligned” handling of the Wirecard accounting scandal.
05 November 2020
The European Central Bank has warned that a digital euro could alter banks’ entire business models and encourage greater risk-taking behaviours.
20 October 2020
The European Banking Authority has proposed to allow banks to include the value of software assets in their capital calculations, despite banks saying the changes would still bring about an “unlevel playing field” for EU banks in an international context.
15 October 2020
Regulators should focus on attracting talent that can develop tailored suptech tools, according to a new report from the Financial Stability Board.
12 October 2020
With only months until the implementation deadline for CRD V, the European Banking Authority has published its final guidelines for sectoral systemic risk buffers under the directive.
06 October 2020
In a move that could allow European investors to avoid publicly disclosing certain UK-based transactions, the European Securities and Markets Authority has confirmed it will assess UK trading venues before the end of the year – as the regulator gets greater powers to monitor non-EU firms transacting in the bloc.
05 October 2020
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