News Centre
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EBA Publishes Executive Summary Of Its 2019 Annual Report
Date 22/12/2020
The European Banking Authority (EBA) published today the Executive Summary of its 2019 Annual Report, summarising the Authority's key achievements in the past year and outlining the key priorities for 2020.
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CFTC: Wisconsin Court Enters $740,968 Judgement Against Company And Its Principal For Registration, Disclosure, And Recordkeeping Violations
Date 22/12/2020
The Commodity Futures Trading Commission announced the U.S. District Court for the Eastern District of Wisconsin entered permanent trading and registration bans and a $740,968 civil monetary penalty against Southwest Services, L.L.C. a/k/a South West Services, LLC and its sole managing member, Timothy A. Sack of Oshkosh, Wisconsin. The court’s action follows the CFTC’s filing of a civil enforcement action against the defendants in October 2020. [See CFTC Press Release No. 8279-20]
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EBA Updates Reporting Framework 3.0 And Technical Standards On Pillar 3 Disclosure
Date 22/12/2020
The European Banking Authority (EBA) published today an update to the reporting framework 3.0 and the Implementing Technical Standards (ITS) on institutions’ Pillar 3 public disclosures. These updates are the result of the European Commission’s adoption of the ITS on Supervisory Reporting (v3.0) on 17 December, the EBA publication of the revised version of the mapping between disclosures and reporting, and the EBA release of phase 1 of its technical package on the reporting framework v3.0.
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IOSCO Seeks To Help Regulators Address Retail Market Conduct Risks During Stress Events Such As COVID-19
Date 22/12/2020
The Board of the International Organization of Securities Commissions today published a report that seeks to assist regulators in responding to the retail market conduct issues caused by stress events such as the current COVID-19 pandemic. Enhancing investor protection and investor confidence in the integrity of securities markets are fundamental objectives for IOSCO.
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EBA Monitors The Use Of The Proportionality Principle For Recovery And Resolution Planning
Date 22/12/2020
The European Banking Authority (EBA) published today its second Report on the application of simplified obligations and waivers under the Bank Recovery and Resolution Directive (BRRD) across the EU. The Report presents the results of the EBA monitoring on how competent and resolution authorities have applied the principle of proportionality for recovery and resolution planning in their respective jurisdictions, and describes the current level of convergence in this area. The EBA observed an increase in a number of authorities applying simplified obligations for less significant banks, especially for resolution planning purposes. There was a higher convergence when assessing which institutions are eligible for simplified obligations. However, significant divergences remained in determining reduced requirements for institutions benefiting from simplified regimes where the regulatory framework does not provide detailed guidance.
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ESMA Issues 2020 Report On Accepted Market Practices Under MAR
Date 22/12/2020
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published its annual report on the application of accepted market practices (AMPs) in accordance with the Market Abuse Regulation (MAR).
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EBA Proposes Appropriate Methodology To Calibrate O-SII Buffer Rates
Date 22/12/2020
The European Banking Authority (EBA) proposed today the implementation of an EU-wide floor methodology to calibrate buffer rates of Other Systemically Important Institutions (O-SIIs). The proposed methodology included in the Report aims at strengthening the stability of the banking sector and avoiding the under-calibration of O-SII capital buffer rates, while allowing the relevant authorities to consider national banking sector specificities. The proposed methodology will inform the European Commission’s further legislative initiatives that could shape the introduction of such an EU-wide floor.
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BIS: Demographic Shifts, Macroprudential Policies, And House Prices
Date 22/12/2020
Summary
Focus
In the past decade, population ageing and the rising number of single-person households have transformed demographic structures worldwide. However, the impact of such changes on house prices is still only imperfectly understood. We investigate the relationship between house prices and demographic changes and its significance for macroprudential policies, focusing on Korea, a country facing exceptionally rapid demographic shifts.
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FSB Encourages The IFRS Foundation And Authorities To Use TCFD’s Recommendations As The Basis For Climate-Related Financial Risk Disclosures
Date 22/12/2020
Globally consistent and comparable disclosures by companies of their climate-related financial risks are increasingly important to market participants and financial authorities as a means to give financial markets the information they need to manage risks, and seize opportunities, stemming from climate change.
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BIS: The Globalisation Of Inflation In The European Emerging Countries
Date 22/12/2020
Summary
Focus
The paper aims to assess the level of integration of the European emerging countries in the global economy by analysing inflation dynamics across the region. Starting in 2014, the inflation rate in the European emerging countries declined consistently, in line with global developments, even if strong economic growth and tight labour markets in the region would have been expected to fuel local inflationary pressures.
