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.

Retired Member 

Basel III leverage ratio requirements published by BCBS

The Basel Committee on Banking Supervision (BCBS) has published: the full text of the Basel III leverage ratio framework and disclosure requirements following its endorsement by its governing body, the Group of Central Bank Governors and Heads of Supervision. This contains the public disclosure requirements that will apply to Banks including a su...

03 February 2014

Retired Member 

ISDA-FOA EMIR Reporting Delegation Agreement

The International Swaps and Derivatives Association (ISDA) and the Futures and Options Association (FOA) have published the ISDA/FOA European Markets Infrastructure Regulation (EMIR) Reporting Delegation Agreement which is intended to help market participants meet their reporting obligations by providing a bilateral standard form of reporting dele...

31 January 2014

Retired Member 

Counterparty data reporting improvements are a priority

The Senior Financial Supervisors from 10 countries (the Senior Supervisors Group (SSG)) has issued a report to the Financial Stability Board (FSB) which assesses progress on measuring and reporting of counterparty risk by large, complex financial firms. The report titled Progress Report on Counterparty Data concludes that while firms have made impr...

31 January 2014

Retired Member 

EIOPA updates its guidelines under Solvency II

EIOPA updates Q&As on guidelines regarding submission of information to NCAs on credit default swaps under Solvency II The European Insurance and Occupational Pensions Authority (EIOPA) has updated its questions and answers (Q&As) on its guidelines for the submission of information to national competent authorities (NCAs) which form part of...

30 January 2014

Retired Member 

PRA to comply with most guidelines for Solvency II

The European Insurance and Occupational Pensions Authority (EIOPA) has updated its webpages on its guidelines on preparing for Solvency II to include the responses of competent authorities in EEA Member States, in accordance with the "comply or explain" procedure applying to EIOPA guidelines. The updated webpages provide details of each...

30 January 2014

Retired Member 

CRD IV - EBA confirms more reporting requirements

The European Banking Authority (EBA) has published additional questions and answers (Q&As) on the Capital Requirements Directive and Regulation (CRD IV) under the single rulebook. In respect of reporting the EBA has confirmed that: additional or more frequent reporting can be required by competent authorities including reporting on capital and...

29 January 2014

Retired Member 

European Commission publishes ITS on supervisory reporting

The European Commission has published a draft implementing Regulation setting out implementing technical standards (ITS) on the supervisory reporting to competent authorities by institutions under the Capital Requirements Regulation (CRR). The Commission has published the draft implementing Regulation for information purposes in order to help all i...

29 January 2014

Retired Member 

Interconnection between EMIR recognition and CCPs treatment

In November 2013, the International Organization of Securities Commissions (IOSCO) wrote to the European Commissioner (EC) for Internal Market and Services, highlighting issues regarding the recognition of Asia Pacific central counterparties (CCPs) under the European Markets Infrastructure Regulation (EMIR). IOSCO has now published the EC’s respon...

28 January 2014

Retired Member 

MiFID 2-MiFIR: agreement reached on legislative texts

An agreement in principle at EU level has been reached on the revised Market in Financial Instruments Directive and associated Regulation (MiFID 2/MiFIR). Key elements of the agreed new rules include: the introduction of a market structure framework which closes loopholes and ensures that trading, whenever appropriate, takes place on regulated pl...

28 January 2014

Retired Member 

Greek Presidency to complete MiFID legislative changes

The Greek finance minister, has set out the priorities for Greece’s Presidency of the Council of Economic and Financial Affairs (ECOFIN) including: Banking union - to finalise the framework for the Single Resolution Mechanism; Reform of the financial sector supervisory framework – to: complete work on legislative proposals to reform capital marke...

27 January 2014