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  • EBA Consults On Guidelines On Outsourcing

    Date 22/06/2018

    The European Banking Authority (EBA) launched today a public consultation on its draft Guidelines on outsourcing. These Guidelines, which review the existing CEBS Guidelines on outsourcing published in 2006, aim at establishing a more harmonised framework for outsourcing arrangements of all financial institutions in the scope of the EBA's action. The draft Guidelines provide a clear definition of outsourcing and specify the criteria to assess whether or not an outsourced activity, service, process or function (or part of it) is critical or important. In particular, the revised Guidelines cover credit institutions and investment firms subject to the Capital Requirements Directive (CRD), but also payment institutions subject to the revised Payment Services Directive (PSD2) and electronic money institutions subject to the e-money Directive. The consultation runs until 24 September 2018.

  • Brown Rudnick Alert: UK And EU Brexit Transition Deal

    Date 22/06/2018

  • EBA Adds PSD2 To Its Online Interactive Single Rulebook And Q&A Tools

    Date 22/06/2018

    The European Banking Authority (EBA) has updated its online Interactive Single Rulebook and Q&A tool with the inclusion of the Payment Services Directive (PSD2).

  • Nigerian Stock Exchange Reviews Composition Of Market Indices

    Date 22/06/2018

    The Nigerian Stock Exchange (NSE) has announced the expected review of the NSE 30, and the six sectoral indices of the Exchange, which are NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Industrial, NSE Oil & Gas and NSE Lotus Islamic Indices. The composition of these indices after the review will be effective on July 1, 2018. With the review, we will witness the entry/re-entry as well as exit of some major companies.

  • News On FESE President And Vice President And New FESE Members

    Date 22/06/2018

    On 20th June 2018, the FESE General Assembly unanimously agreed to re-elect Deirdre Somers, CEO, Euronext Dublin as FESE President for a further three years. The Assembly also unanimously agreed