Join the Community

21,571

Expert opinions

43,691

Total members

384

New members (last 30 days)

132

New opinions (last 30 days)

28,562

Total comments

Join Sign in

Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

originally founded 01 Jul 2010

The owner has left this group
Become the owner

Join group Write an opinion

Retired Member

EC consults on the definition of FX financial instruments

The European Commission (EC) has launched the consultation on where the boundary lies between what is a foreign exchange (FX) financial instrument and a spot FX instrument in order to provide clarity on the definition of a “financial instrument” under of the Markets in Financial Instruments Directive (MiFID). The consultation is narrow in scope b...

02 May 2014

Retired Member

ESAs issue RTS for non-centrally cleared OTC derivatives

The European Supervisory Authorities (ESAs) have launched a consultation on draft Regulatory Technical Standards (‘RTS') covering: the risk management procedures for counterparties to non-centrally cleared OTC derivatives - prescribing that counterparties apply robust risk mitigation techniques to their bilateral relationships, which will include ...

01 May 2014

Retired Member

FSB identifies the need for more intense supervision

The Financial Stability Board (FSB) identified as a priority the need for more intense and effective supervision, particularly of systemically important financial institutions (SIFIs), after the financial crisis. The FSB has published two papers: - Supervisory Intensity and Effectiveness - progress report on enhanced supervision. This describes ...

30 April 2014

Retired Member

CFTC provides no action relief for swaps traded on MTFs

The Commodity Futures Trading Commission (CTFC) has announced that the new replacement no action letter for swaps traded on Multliateral Trading Facilities (MTFs) contains notable clarifications seeking to harmonise the framework for SEFs and MTFs. The no action letter conditions include that: an MTF must report all swap transactions to a CFTC r...

29 April 2014

Retired Member

BCBS issues report on Basel regulatory framework

The Basel Committee on Banking Supervision (BCBS) has published an updated progress report on the implementation of the Basel regulatory framework. This sets out the adoption status of Basel II, Basel 2.5 and Basel III regulations for each BCBS member jurisdiction as of end March 2014. The report updates the BCBS’s previous progress reports and...

28 April 2014

Retired Member

FSB publishes report on implementation of OTC derivatives

The Financial Stability Board (FSB) has published its seventh detailed progress report on the implementation of OTC derivatives market reforms. The report observes that significant progress has been made in fulfilling the G20 commitments through global policy development, adoption of legislation and expanded use of market infrastructure. In respec...

25 April 2014

Retired Member

ACER publishes material on REMIT reporting

The Agency for the Cooperation of Energy Regulators (ACER) has published the materials from its workshop on the regulation on wholesale energy market integrity and transparency (REMIT) implementation. This includes: a status update on REMIT implementation which sets out the likely timetable for data reporting to commence as Q4 2014. This also in...

24 April 2014

Retired Member

EIOPA consults on functioning of colleges of supervisors

The European Insurance and Occupational Pensions Authority (EIOPA) has published a consultation paper, together with a related cover note, on proposed guidelines on the operational functioning of colleges of supervisors as required under of the Solvency II Directive. The aim of the 28 guidelines is to clarify and enhance the co-operation between c...

23 April 2014

Retired Member

Regulators work on OTC cross-border implementation issues

The OTC Derivatives Regulators Group (ODRG) (which includes principals from regulators worldwide with responsibility for over-the-counter (OTC) derivatives regulation) has produced its first report (published on 31 March) which sets out the current list of remaining cross-border implementation issues and their current status, including: treatment...

22 April 2014

Retired Member

ESMA sets out supervisory monitoring of TRs under EMIR

The European Securities and Markets Authority (ESMA) has published a summary of its supervisory work plan 2014 in relation to trade repositories (TRs) authorised under the European Markets Infrastructure Regulation (EMIR). The bulk of activities for 2014 are expected to be of a desk based on-going supervisory nature (although detail on ESMA’s abili...

17 April 2014