News Centre

ESMA Has Published A Consultation Paper On Revision Of The Provisions On Diversification Of Collateral In ESMA’s Guidelines On ETFs And Other UCITS Issues

Date 20/12/2013

Comments should reach us by 31 January 2014.

All contributions should be submitted online under Consultations.

EBA Publishes Final Draft Technical Standards On The Reporting Of The Hypothetical Capital Of A Central Counterparty (CCP)

Date 20/12/2013

The European Banking Authority (EBA) published today its final draft Implementing Technical Standards (ITS) on the reporting of the hypothetical capital of a central counterparty (CCP).  These final draft ITS specify calculations and reporting frequencies and templates for the information relating to hypothetical capital that a CCP has to deliver to all the credit institutions and investment firms that are clearing members for the purpose of calculating their own capital requirements. The same information has to be reported to the competent authorities.

Statement By Vice-President Reding And Commissioner Barnier On Trilogue Agreement On Criminal Sanctions For Market Abuse

Date 20/12/2013

The European Commission has welcomed today's political agreement on the Commission's proposal for a Directive on criminal sanctions for market abuse (IP/11/1218). The agreement follows four so-called trilogue meetings between the Commission and the two co-legislators (the European Parliament and the Council of Ministers). The breakthrough, endorsed by Member States today, shows that Europe is willing to take all measures necessary to counter insider dealing and market abuse in its financial markets. Member States will have to make sure that such behaviour, including the manipulation of benchmarks, is a criminal offence, punishable with effective sanctions everywhere in Europe. The political agreement is due to be confirmed by the European Parliament in plenary, expected in January 2014.

EBA Consults On Harmonised Definitions And Templates For Funding Plans Of Credit Institutions

Date 20/12/2013

The EBA launched today a public consultation on draft Guidelines proposing harmonised definitions and templates for funding plans of credit institutions. These Guidelines aim at harmonising the way the reporting of funding plans is conducted. The consultation runs until 20 March 2014.

Council Of The European Union Confirms Agreement With European Parliament On Market Abuse Directive

Date 20/12/2013

The Permanent Representatives Committee (Coreper) approved today, on behalf of the Council, a compromise reached with the European Parliament on a draft directive on criminal sanctions for market abuse (17895/13). 

EBA Publishes draft Final Technical Standards For The Identification Of The Geographical Location Of Credit Exposures

Date 20/12/2013

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on the method for the identification of the geographical location of the relevant credit exposures. These RTS ensure a consistent EU wide implementation of the countercyclical buffer (CCB) to protect against excess credit growth.

Federal Reserve Board Advises Large Financial Institutions To Carefully Evaluate Transactions Intended To Reduce Risk

Date 20/12/2013

The Federal Reserve Board on Friday advised large financial institutions to carefully evaluate transactions intended to reduce risk to ensure that, if risks are shifted to a thinly capitalized counterparty or affiliated entity of the firm, any residual risk is effectively captured in the firm's internal capital adequacy assessment. Examiners will closely consider such transactions, and potential residual risks, when evaluating an institution's capital adequacy.

EBA Publishes Reports On Liquidity

Date 20/12/2013

The European Banking Authority (EBA) published today two Reports on liquidity, namely (i) on the impact assessment for liquidity coverage requirements and (ii) on appropriate uniform definitions of extremely high quality liquid assets (extremely HQLA) and high quality liquid assets (HQLA) and on operational requirements for liquid assets. These two reports provide the European Commission with specific recommendations for the purpose of its forthcoming delegated act.

SEC Issues Staff Report On Public Company Disclosure

Date 20/12/2013

The Securities and Exchange Commission today issued a staff report to Congress on its disclosure rules for U.S. public companies, as part of agency’s ongoing efforts to modernize and simplify disclosure requirements and reduce compliance costs for emerging growth companies.

EBA Publishes Final Draft Technical Standards On Supervisory Disclosure

Date 20/12/2013

The European Banking Authority (EBA) published today final draft Implementing Technical Standards (ITS) which specify the format, structure, contents list and annual publication date of the supervisory information to be disclosed by competent authorities in the banking sector.