European financial regulation updates

Welcome to PwC's European financial regulation updates. Since May 2011 we've been publishing weekly updates on the key regulatory topics facing financial services organisations in Europe.

Keep up to date on the latest developments by subscribing to email alerts, or via the RSS.

 

15 Apr 2014

Including updates on crowding funding and G20 summits

  • Crowding out supply-side constraints to investment
  • G20 summits: do markets care?

 

03 Apr 2014

Including updates on the Single Resolution Mechanism and FX market investigations

  • Political agreement on SRM
  • F(i)X market investigations

 

10 Feb 2014

Special issue: Preparing for real change

  • New era for crisis management for banks
  • Basel Committee brushes up leverage and liquidity rules
  • Central banking in a world of flux

 

06 Dec 2013

Including updates on M&A activity and bankers pay

  • Come together right now…over SSM
  • More money, more problems

 

18 Nov 2013

Including updates on Benchmarking, EMIR and Solvency II

  • Benchmarking on reform
  • And their off: countdown to EMIR reporting
  • Are you ready for Solvency II?

 

28 Oct 2013

Including updates on crowdfunding and MiFID II

  • Regulating Crowdfunding
  • MiFID II on the horizon: a tectonic shift

 

23 Sep 2013

Including updates on the G20 summit and shadow banking

  • Much done, more to come: global regulatory reforms
  • Buffering Money Market Funds
  • Global response to shadow banks

 

16 Sep 2013

Don’t make a meal of it: EU regulatory negotiations enter crucial stage

  • EU financial services lawmakers face a staggering autumn workload with twenty nine legal texts currently being negotiated or expected to be tabled by the European Commission (EC) in the near future. To make any progress, legislators will need to prioritise but agreeing these priorities may not be straightforward in all areas. If some dossiers fail to make the priority list, we could end up with in incomplete regulatory regimes, and possibly market distortion, for years to come.

 

12 Aug 2013

Including updates on liquidity reporting, EMIR and FICOD

  • Liquidity outflows: How many buckets does it take?
  • EMIR proposals narrow impact outside of EU
  • FICOD and CRR

 

29 Jul 2013

Including updates on letting banks fail, G-SIIs and risk appetite

  • Breaking the taboo: letting banks fail
  • Hello G-SIIs
  • Risky business

 

15 Jul 2013

Including updates on cross-border OTC reforms, AIFMD and bank resolution

  • US and EU regulators strike a deal on regulating cross-border derivatives
  • Don’t wait ‘til it’s too late: complying with AIFMD
  • Steps in resolving a Eurozone bank

 

08 Jul 2013

Including updates on the leverage ratio, priorities of the Lithuanian Presidency and more

  • Banking on the leverage ratio
  • No surprises: Lithuanian Presidency outlines its priorities
  • A rising economy lifts all banks

 

24 Jun 2013

Including updates on AIFMD, mortgage lending and benchmark reform

  • Get ready for AIFMD
  • Is consensus holding up reforms?
  • Responsible mortgage lending
  • EU benchmark guidelines are finalised

 

10 Jun 2013

Including updates on pending EU reforms, CRD IV and credit rating agencies

  • Next stop, Vilnius: what FS reforms are coming down the tracks in Europe
  • Are you still relying on credit ratings?
  • It’s raining RTSs

 

20 May 2013

Including updates on MiFID, retail bank accounts and valuing CIS

  • Black smoke on MiFID II
  • Moving towards a single retail bank account market in Europe
  • Effectively valuing Collective Investment Schemes

 

13 May 2013

Including updates on CRD IV, financial transaction tax and resolution plans

  • Staying on top of hot topics: FTT and CRD IV
  • Managing intraday liquidity
  • Europe and the US lag behind others in Basel III implementation
  • The long road to resolution

 

22 Apr 2013

Including updates on global systemically important insurers and money market funds

  • Stick to the knitting: systemically important insurers
  • Wide deviation in supervising MMFs
  • Clouds still hang over the EU financial system

 

08 Apr 2013

Including updates on the new UK supervisory structure, AIFMD and CRD IV

  • FSA makes way for ‘twin peaks’ model
  • Some much-needed clarity provided on AIFMD
  • Get ready for CRD IV

 

18 Mar 2013

Including updates on the regulation of non-bank activities and risk management at insurers

  • Beyond traditional banking
  • Insuring against the low interest rate environment

 

04 Mar 2013

Including updates on Bankers’ bonuses, the progression of regulatory reforms and MMFs

  • Bankers’ bonuses capped under CRD IV
  • The progress of financial regulatory reforms
  • Preparing liquidity standards under CRR
  • ESRB makes recommendations on MMFs
  • ESMA recommends EU Code of Conduct for proxy advisor industry

 

18 Feb 2013

Including updates on the Single Supervisory Mechanism, Client Money and RWAs

  • Making good on SSM
  • Filling in the gaps: EC propose new anti-money laundering rules
  • Protecting client money
  • Variation in Risk Weight Assets

 

04 Feb 2013

Including updates on the financial transaction tax, suitability of complex products and our annual CEO survey

  • FTT clears first negotiation hurdle
  • IOSCO finalises global suitability and disclosure principles for intermediaries
  • State of the financial system: On the front foot

 

21 Jan 2013

Special edition: Regulating Benchmarks

  • Special edition: Regulating benchmarks- fall-out from the LIBOR and EURIBOR scandal continues

 

14 Jan 2013

Special edition on the Liquidity Coverage Ratio

  • Special issue: Regulators fine-tune LCR to keep credit flowing

 

17 Dec 2012

Including updates on the Fed's new approach to regulating foreign subsidiaries, UK/US cooperation on RRPs and OTC derivatives

  • Fed plans to overhaul the regulation of foreign subsidiaries
  • Bank of England and FDIC agree operational strategies for resolving cross-border banks
  • ECB gets behind the Recovery and Resolution Directive
  • International regulators agree to cooperate on OTC regulations
  • The changing world of central banking

 

03 Dec 2012

Including updates on LIBOR reform, the Financial Transaction Tax and the Single Supervisory Mechanism

  • ESRB gets behind LIBOR/EURIBOR reforms
  • Update on the Financial Transaction Tax
  • Draghi considers how SSM will work

 

26 Nov 2012

Including updates on CRD IV's progress and the Legal Entity Identifier

  • CRD IV close to completion?
  • Harnessing the Legal Entity Identifier

 

12 Nov 2012

Including updates on OTC derivative reform, recovery and resolution plans and G-SIFIs

  • FSB sees progress on OTC derivatives
  • FSB consults on Recovery and Resolution Plans
  • FSB outlines progress in implementing G-SIFIs framework

 

05 Nov 2012

Including updates on short selling, Basel III and the new UK regulatory structure

  • Short Selling Regulation comes into force
  • Unfinished business: global regulatory reform
  • Basel III implementation progresses
  • CRD’s impact on SME lending
  • The dangers of liquidity regulations
  • The UK’s new approach to financial regulation

 

01 Oct 2012

Including updates on systemic risk, balance sheet repair and short selling

  • ESRB issue first risk dashboard
  • ESRB calls on banks to repair their balance sheets
  • Disclosure requirements in the Islamic capital market
  • ESMA consults on short selling exemptions

 

24 Sep 2012

Including updates on measuring the impact of regulatory reforms, Libor and short selling

  • Estimating the impact of regulatory reforms
  • Regulatory Round-up

 

17 Sep 2012

Including updates on single supervisory plans for the Eurozone and Libor reform

  • EC propose transferring supervisory powers to the ECB
  • EC consults on LIBOR reform

 

10 Sep 2012

Including updates on OTC Derivatives, the Financial Conglomerate Directive and short selling

  • ESRB advises on the use of OTC Derivatives for non-financial firms and Collateral in EMIR
  • ESAs consult on calculating capital at the conglomerate level
  • FSA prepares UK regime for the Short Selling Directive

 

03 Sep 2012

Including updates on shadow banking and improving financial market surveillance

  • ECON publishes draft report on shadow banking
  • IOSCO consults on technology challenges to market surveillance

 

27 Aug 2012

Including updates on resolution regimes; FX transactions and Libor

  • FSB starts its peer review on resolution regimes
  • Settlement of FX transactions
  • ECON seeks input into ‘fixing’ Libor

 

13 Aug 2012

Including updates on LIBOR reform, recovery and resolution plans and FINREP

  • Regulators respond to LIBOR rigging
  • FINREP delayed
  • RRPs for financial market infrastructure providers
  • ESAs strengthening cross border supervision of payment institutions

 

06 Aug 2012

Including updates on ETFs, UCITS VI, EMIR and CRD III

  • ESMA issues final guidelines on ETFs and other UCITS issues but consults further on repos
  • EC starts the ball rolling on UCITS VI
  • Countdown starts on EMIR
  • EBA finalises remuneration templates under CRD III
  • Basel Committee widens the scope of own credit risk adjustments
  • Euroarea lending conditions stabilise

 

30 Jul 2012

Including updates on Dodd-Frank’s extraterritorial impacts, reinsurance and shadow banking

  • Are you ready Dodd-Frank’s extraterritorial impact on derivatives?
  • IAIS finds reinsurance is unlikely to cause systemic risk
  • EBA calls for wide regulatory net to cover market finance risks
  • CRD III’s procyclical impact

 

23 Jul 2012

Including updates on Solvency II, non-centrally-cleared derivatives and credit valuation

  • Solvency II reporting requirements are taking shape
  • Setting margin requirements for non-centrally-cleared derivatives
  • EBA consults on draft RTS on credit valuation adjustment risk

 

16 Jul 2012

Including updates on PRIPS, the insurance mediation directive, UCITS, MiFID and intraday liquidity indicators

  • EC aims to upgrade retail protection through PRIPs, IMD revision and UCITS V
  • Basel Committee consults on intraday liquidity indicators
  • ESMA publishes final guidelines on MiFID suitability
  • ESMA finalises guidelines on the compliance functions under MiFID

 

09 Jul 2012

Including updates on remuneration guidelines for AIFMs, IT systems at banks and high frequency trading

  • ESMA issue remuneration guidelines for AIFMs
  • Basel Committee seeks to improve IT systems at banks
  • Basel Committee introduces new disclosure requirements on banks’ capital composition
  • International consistency on High Frequency Trading?

 

02 Jul 2012

Including updates on US and EU approaches to Money Market Funds, plus compromise texts and technical standards for MiFID, EMIR and MAD

  • Will the US and EU align Money Market Funds regulation?
  • MiFID II/MiFIR and MAD II/MAR progress continues as the Council Presidency passes from Denmark to Cyprus
  • ESMA and EBA publish EMIR RTS

 

25 Jun 2012

Special edition reviewing G20 Los Cabos summit, including summaries of key financial services reform status reports.

  • G20 Los Cabos Summit: a little growth and a lot of Eurozone angst

 

18 Jun 2012

Including updates on recovery and resolution plans proposals, assessment of global systemic important insurers and regulating securitisation markets

  • EC issues recovery and resolution proposals and outlines a European banking union
  • Regulating securitisation markets: the challenges
  • Are insurers systemically risky?
  • Spanish Government obtains help to recapitalise the banking sector
  • G20 priorities: what’s next on the financial markets reform agenda?

 

04 Jun 2012

Including an update on the EU's consumer agenda, a possible delay to Solvency II and a progress report for the Financial Transactions Tax

  • FTT battle lines being hardened
  • EC officially delays Solvency II
  • EC puts focus on consumer agenda
  • IOSCO reviews integrity and conflicts management in CRAs

 

28 May 2012

Including updates on the EBA's recovery plans for banks in the EU and an update on the CRD IV proposals

  • EBA jumps ahead of EC with recovery plans
  • Agreement moves ever closer on the Capital Requirements Directive IV

 

21 May 2012

Including updates on a new FSB task force, transaction reporting under MiFID, a review of the Financial Conglomerates Directive and a review of the Acquisitions Directive

  • FSB encouraging improved risk disclosures
  • Views differ on application of the Acquisitions Directive
  • ESMA seeking to harmonise transaction reporting across the EU
  • ESAs recommend expanding scope of FICOD to unregulated entities

 

14 May 2012

Including updates on recovery and resolution, CRD IV and trading capital rules

  • Triggering recovery and resolution plans
  • Deal close on Capital Requirements Directive IV
  • Fundamental changes to trading capital rules

 

07 May 2012

Including updates on bank restructuring in Europe, macroprudential supervision and market abuse

  • Further restructuring by European banks appears inevitable
  • IMF finds central banks are not optimal macroprudential regulators
  • ESMA reviews market abuse sanctions across Europe
  • IOSCO outlines principles for CIS liquidity risk management
  • G20 finance ministers and central bank governors meet ahead of June summit

 

30 Apr 2012

Including updates on financial market infrastructures and shadow banking

  • IOSCO publish principles for financial market infrastructures
  • FSB progress on shadow banking

 

23 Apr 2012

Including updates on remuneration, the Anti-Money Laundering Directive, good regulation and stress testing

  • Identifying ‘risk takers’ in banks proving problematic
  • Tweaking the Anti-Money Laundering Directive
  • OECD sets out principles for good regulation
  • Basel Committee positive about progress on stress testing

 

16 Apr 2012

Special edition on the Capital Requirements Directive IV

  • ESRB pushes for flexibility on CRD capital rules
  • EBA issues first RTS on own funds
  • If you introduce bail-in debt, will creditors bail-out?
  • Raising capital

 

02 Apr 2012

Including updates on credit rating agencies, retail bank accounts and proxy advisors

  • ESMA issues first report card on CRAs
  • EC release working paper on retail bank accounts
  • Regulating the proxy advisory industry
  • Joint Committee of ESAs publish medium term strategy

 

26 Mar 2012

Including updates on shadow banking, regulating ETFs and credit rating agencies

  • EC consults on shadow banking
  • IOSCO outlines principles on regulating ETFs
  • US credit rating agencies approved under new EU regulatory regime

 

19 Mar 2012

Including updates on security settlements, Central Securities Depositories and EMIR

  • EC propose reform to harmonising security settlements and regulate CSDs
  • EBA and ESAs discuss capital and collateral requirements under EMIR
  • FSB update on LEI progress.

 

12 Mar 2012

Including updates on mandatory clearing and MiFID

  • IOSCO outlines requirements for mandatory clearing
  • ESMA stakeholder group response to MiFID consultations

 

05 Mar 2012

Including updates on AIFMD and IOSCO principles on asset-backed securities and complex financial products

  • ESMA consults on AIFMD key concepts
  • IOSCO outlines disclosure principles for asset-backed securities
  • IOSCO consults on suitability requirements for complex financial products

 

27 Feb 2012

Including updates on EMIR, occupational pensions reform, short selling and supervisory reporting

  • Trilogue reaches agreement on EMIR
  • ESMA starts preparing for ‘Level 2’ text
  • EIOPA outlines plans to create a ‘harmonised’ EU pension industry
  • ESMA outlines delegated acts on short selling
  • EBA’s supervisory reporting regime takes a step forward
  • Joint Forum reports on intra-group support measures
  • IOSCO outline principles for the valuation of CIS
  • European Parliament publishes study on venture capital

 

20 Feb 2012

Including updates on FATCA, bank recapitalisation and deposit insurance systems

  • FATCA takes shape
  • EBA: recapitalisation plans on track?
  • FSB reviews deposit insurance systems

 

13 Feb 2012

Including updates on UCITS ETFs, remuneration and Solvency II

  • ESMA outlines guidelines for UCITS ETF
  • Barnier considers further reforms on remuneration
  • Third countries pursue equivalence assessments under Solvency II
  • Implementing complex reforms: lessons learnt from the CCD
  • EC publishes proposed changes to data protection rules

 

06 Feb 2012

Including updates on EMIR, banking restructuring and short selling

  • EMIR moves forward, Restructuring European banks, ESMA publishes technical standards on short selling of CDSs, EIOPA publishes 2012 work programme

 

30 Jan 2012

Including updates on the ESA's burgeoning work load, recommendations on US dollar funding and principles on Collective Investment Schemes

  • Can the ESAs deliver?
  • ESRB issues recommendations on US dollar funding and macroprudential regulation
  • IOSCO outline principles on Collective Investment Scheme and OTC data collection

 

23 Jan 2012

Including updates on structural reform in EU banking, regulatory flux and the Liquidity Coverage Ratio

  • EC probe structural policy in banking
  • Regulatory flux continues
  • Liquidity Coverage Ratio
  • ESMA publishes annual report on CRA regulation

 

16 Jan 2012

Including updates on crisis management and resolution, institutional models for macroprudential supervision and ESA's ambitious plans for 2012

  • Making crisis management regimes workable
  • Institutional models of macroprudential supervision
  • EBA and ESMA set out ambitious agendas for 2012

 

09 Jan 2012

Including updates on the MiFID II public hearing, MiFID guidelines, CRD IV and the Gender Directive

  • ECON holds MiFID II/MiFIR public hearing
  • ESMA releases three guidelines on MiFID
  • European Parliament releases CRD IV draft report
  • EC releases Gender Directive guidelines
  • CRAs face enhanced supervisory oversight
  • ESRB update on risks facing the European financial system

 

19 Dec 2011

Including updates on SME access to finance, consumer protection in insurance and the failure of RBS

  • Improving SMEs’ access to finance
  • EIOPA highlights consumer protection issues
  • FSA reports on the failure of RBS

 

12 Dec 2011

Including updates on capital shortfalls, internal audit functions and guidelines on CRD III

  • Capital, capital, capital
  • Assessing the effectiveness of internal audit functions
  • EBA consults on technical amendments to CRD III

 

05 Dec 2011

Including updates on the liquidity crisis, contingency planning and the eurozone crisis and the EC's 2012 work programme

  • Breaking free from the eurozone’s liquidity trap
  • Preparing contingency plans on the eurozone crisis
  • EC publishes work 2012 programme
  • Italy and Poland taken to court over CRD III implementation
  • ECB release standards for using CCP

 

28 Nov 2011

Including updates on AIFMD, central counterparties and macroprudential supervision

  • ESMA publishes detailed rules on possible AIFMD implementing measures
  • BIS report calls for further access to CCPs
  • Role of macroprudential supervision and central banks remains uncertain

 

21 Nov 2011

Including updates on materiality in financial reporting, calls for an EU-resolution authority and the need for a smaller banking system

  • ECB executive member calls for EU-resolution authority and smaller banking system
  • Materiality in financial reporting
  • EIOPA releases guidelines on complaints-handling

 

11 Nov 2011

Including updates on Solvency II reporting requirements take shape

  • The European Insurance and Occupational Pensions Authority (EIOPA) is consulting on draft proposals on qualitative and quantitative reporting under Solvency II, following an intensive period of informal consultation and discussions with relevant stakeholders for the past two years.

 

10 Nov 2011

G20 special: messages from this year's G20 summit

  • With bank stocks sliding, Italian borrowing costs spiking to unprecedented levels and the IMF suggesting that we could face a lost decade of economic activity, the Cannes G20 summit failed to live up to its billing.

 

07 Nov 2011

Including updates on G20 summit, retail ring-fence and FTT

  • G20 summit agenda dominated by Greece
  • European Parliament calls for global retail ring-fence and Tobin tax
  • FSB outlines principles for residential mortgage underwriting
  • Getting to grips with macroprudential supervision and ‘shadow banking’

 

31 Oct 2011

Including updates on remuneration and assessing the impact of MiFID II on fixed income

  • European banks’ Pillar 3 disclosures improve but remuneration disclosures still need work
  • Assessing the impact of MiFID II on fixed income
  • Basel III implementation advances

 

25 Oct 2011

Including updates on MiFID II, short selling and advice on payment services

  • EC publish final MiFID II proposals
  • EU lawmakers agree permanent ban on naked short selling of CDS
  • Accessing the impact of extra capital buffers on G-SIBs
  • EC issues guidance on payment services

 

17 Oct 2011

Including updates on EC's recapitalisation plans, the upcoming G20 summit and accessing the impact of regulations

  • EC propose recapitalisation plans
  • G20 – Handicapping the Cannes Leaders’ Summit
  • Assessing the cumulative impact of European regulations
  • FSB consults on a common data template for systemically important institutions

 

10 Oct 2011

Including updates on financial transaction tax, recapitalisation plans for European banks, internal governance and product intervention

  • EC outline detailed financial transaction tax proposals
  • European governments step-up their efforts to address sovereign debt concerns
  • Regulators to get tough on internal governance
  • ESMA call for great transparency and product intervention powers
  • BIS highlights concerns on high-frequency trading in FX markets

 

03 Oct 2011

Including updates on FX financial supervision, CRAs and automated trading

  • Preparing for FX supervision
  • CRAs face tough reporting requirements
  • EFAMA publishes blueprint for a European consolidated tape
  • MA seeks to apply common sense to automated trading
  • EIOPA’s insurance and reinsurance stakeholder group 2nd meeting

 

26 Sep 2011

Including updates on industry concerns about AIFMD and a 200 billion euro hole in banks’ capital base

  • Industry highlight concerns on the implementation of AIFMD
  • IMF expose 200 billion euro hole in banks’ capital base
  • Regulating commodity derivatives
  • UK government to sue ECB over planned restrictions on clearing houses

 

19 Sep 2011

Including updates on Banking liquidity, MiFID II leaked proposals and the ICB report

  • Banks play down liquidity crisis in the eurozone
  • Exchange traded funds and systemic risk
  • MiFID II leaked proposals: end to vertical exchange silos?
  • ICB report recommends structural change in UK banking

 

12 Sep 2011

Including updates on shadow banking and mortgage directives

  • Large Swiss banks face tough capital requirements
  • FSB examines Shadow Banking
  • ECON presses for greater flexibility in mortgage contracts
  • Financial transaction tax to fund EC?

 

05 Sep 2011

Including updates on: data reporting requirements for OTC derivatives, ESMA consults on AIFMD third country issues and Lagarde calls for urgent recapitalisation of European banks

  • Designing data reporting requirements for OTC derivatives
  • ESMA consults on AIFMD third country issues
  • Lagarde calls for urgent recapitalisation of European banks

 

15 Aug 2011

Including updates on the IMF criticising CRD IV proposals, regulation haircuts and money laundering and financial institutions

  • IMF criticises CRD IV proposals
  • The case for counter-cyclical haircuts
  • Administrative requirements of a financial transaction tax
  • OECD release principles on financial consumer protection
  • Money Laundering and capturing financial institutions

 

15 Aug 2011

Including updates on short-selling, supervisory liability and Solvency II country equivalence tests

  • Short-selling ban promotes debate
  • Enhancing supervisors’ liability
  • Bermuda, Japan and Switzerland meet equivalence criteria under Solvency II but more work required

 

15 Aug 2011

Including updates on cyber security, short-selling ban and recovery and resolution plans

  • Ignore cyber security at your peril
  • Short-selling ban
  • UK introduces template for recovery and resolution plans
  • Germany and France push for a financial transaction tax
  • The unintended consequences from Basel III and Solvency II

 

08 Aug 2011

Including updates on EBA consults on remuneration and the European Parliament Committee reviews State aid for banks

  • EBA consults on remuneration
  • IMF report justifies need for a global financial safety net
  • European Parliament Committee reviews State aid for banks
  • Barriers to competition in the EU mortgage market

 

01 Aug 2011

Including updates on CRD IV, changes to highly automated trading environments and universal access to basic bank accounts

  • More than 8,200 European banks will need to hold more and better capital to resist future shocks, as part of a package of long-awaited proposals known as Capital Requirement Directive IV (CRD IV) outlined by the European Commission’s (EC) on 20 July 2011.

 

25 Jul 2011

Including updates on credit ratings dependency, AIFMD and Solvency II

  • Financial services must reduce dependency on credit ratings
  • ESMA outlines its policy thinking on AIFMD
  • Solvency II impacts fixed incomes investment strategies
  • Are financial institutions willing to accept more intensive regulation?

 

18 Jul 2011

Includes updates on slowing down high frequency trading and proposals for a global insurance regulatory framework

  • Slowing down high frequency trading
  • Insurance Supervisors propose a global regulatory framework
  • European Security Markets Authority (ESMA) takes action to protect retail investors

 

11 Jul 2011

Including updates on UCITS IV comes into force, Basel III reforms and the future of financial regulation

  • UCITS IV comes into force
  • Basel III reforms and global systemically important banks
  • Quantifying the impact of CRD IV
  • Financial Stability Board (FSB) puts deposit insurance back on the agenda
  • International Monetary Fund (IMF) proposes risk based money laundering assessment
  • European Banking Authority (EBA) Chairman delivers speech on the future of financial regulation

 

04 Jul 2011

Including updates on the proposition to delay the implementation of Solvency II and competition in the European banking system

  • EBA defends its stress test
  • EU Council proposes to delay the implementation of Solvency II until 2014
  • Competition in the European banking system
  • EP publishes draft legislation on EMIR

 

27 Jun 2011

Including updates on new regimes for venture capital funds and documentation for cleared swaps

  • EC: Position limits are needed in commodity markets
  • FIA and ISDA publish documentation for cleared swaps
  • EC propose a new regime for venture capital funds in Europe
  • Geithner and Barnier spar on regulatory arbitrage concerns
  • Central bank and financial stability governance

 

20 Jun 2011

Including updates on derivative reforms, banking and insurance systemic risk, the Solvency II timetable

  • Progress on G20 derivative reforms
  • Separating banking and insurance systemic risk
  • European Parliament calls for more competition for Credit Rating Agencies
  • Omnibus II: the Solvency II timetable in jeopardy?
  • Governance of Financial Stability in the eurozone: More power to European Authorities?
  • CRD IV: Basel Committee finalises rules for counterparty credit risk and final text rules

 

12 Jun 2011

Including updates on derivatives, ETF's and systemic risk

  • ECB airs its views on OTC derivative rules under Dodd-Frank
  • ETFs: wolves in sheep’s clothing or regulators crying wolf?
  • Systemic Risk: will macro and microprudential policy be the silver bullet?
  • Towards a European mortgage market?
  • The long journey towards a cross-border insurance resolution regime

 

06 Jun 2011

Including updates on MiFID, EMIR, Basel III and Sovereign debt management

  • Transparency, stability and international co-ordination: Maijoor speaks out on ESMA regulatory objectives
  • MiFID delayed but it’s only a matter of time
  • EMIR: Delay in adoption could jeopardise G20 commitment
  • Defining capital in Basel III: Hybrid 'silent participations'
  • Resolution and Recovery: ESBC responses to EC recovery and resolution framework
  • Sovereign debt management, monetary policy and Greece
  • Reshuffle but not kerfuffle: The departure of key regulatory personnel should not interrupt the regulatory reform agenda in Europe

 

31 May 2011

Including updates on Basel III, UCITS and market transparency

  • European approach to Basel III implementation: Getting stressed over EBA stress tests and Basel III
  • European regulation of markets and trading: dark liquidity, Newcits: EFAMA argues Newcits are just UCITS
  • Market Transparency: UK reinforcing support for transparency in European financial markets
  • ESMA publishes final guidelines on Credit Rating Agencies