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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

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Retired Member

FCA updates on passporting and co-operation agreements

The FCA has updated its Alternative Investment Fund Managers Directive (AIFMD) web pages to: set out the out the supervisory co-operation arrangements with 42 different non-EEA authorities; and include FAQs on the practical aspects of the passporting process Related Links: Supervisory cooperation arrangements http://www.fca.org.uk/firms/markets/...

18 September 2013

Retired Member

Australia reports implementation of OTC Derivatives reforms

The Reserve Bank of Australia, Australian Prudential Regulation Authority, and Australian Securities and Investments Commission (the regulators) have released a Report on the Australian OTC Derivatives Market. This report constitutes the latest advice from the regulators to the Minister regarding mandatory requirements for trade reporting, central ...

17 September 2013

Retired Member

FATCA website updated and open for registration 19th August

The FATCA web page have been redesigned and updated. Additions include: a new landing page for US financial institutions that addresses their FATCA responsibilities; and information for governments interested in Intergovernmental Agreements (IGAs). A link for the FATCA registration website will be added in August, when the registration sy

17 September 2013

Retired Member

SEC signs MoUs with EU and EEA member states

SEC agrees asset management supervisory cooperation agreements with EU and EEA member-state regulators The US Securities and Exchange Commission (SEC) has announced that it had signed memoranda of understanding (MoUs) with 25 EU and 3 EEA member-state regulators as part of long-term strategy to improve the oversight of certain entities in the asset...

16 September 2013

Retired Member

G20- further work is needed on cross border derivative

The G20 finance ministers and central bank governors met in Moscow on 19-20 July 2013 and issued a communiqué following the meeting noting, among other things, the continued progress in implementing over-the-counter derivatives reforms in particular, the recent EU- US announcement on cross-border issues as a major constructive step forward, which ...

16 September 2013

Retired Member

ISDA launches Guidance Note

ISDA publishes EMIR Portfolio Reconciliation, Dispute Resolution and Disclosure Protocol and Reporting Guidance Note The International Swaps and Derivatives Association, Inc. (ISDA) has announced the launch of a Guidance Note which is designed to allow swap market participants to simultaneously amend the terms of an agreement covered by the Protoco...

13 September 2013

Retired Member

CRD 4- methods under Financial Conglomerates Directive

The Joint Committee of the three European Supervisory Authorities has published draft Regulatory Technical Standards (RTS) on the consistent application of the calculation methods described in the Financial Conglomerates Directive covering the assessment of the financial situation of credit institutions, insurance undertakings and investment firm

12 September 2013

Retired Member

EBA published technical standards developed with the CRR

The European Banking Authority (EBA) has published the following draft technical standards developed in connection with the Capital Requirements Regulation (CRR): Implementing Technical Standards on disclosure for own funds which are designed to enhance transparency on the regulatory capital held by European institutions. Article 433 of the CRR r...

12 September 2013

Retired Member

EBA published final draft ITS on supervisory reporting

The European Banking Authority (EBA) published today its final draft Implementing Technical Standards (ITS) on supervisory reporting. The ITS set out reporting requirements related to own funds, financial information, losses stemming from lending collateralised by immovable property, large exposures, leverage ratio and liquidity ratios. The draf

11 September 2013

Retired Member

EBA recommendation on preservation of Tier 1 capital

The European Banking Authority (EBA) has published a recommendation on the preservation of core Tier 1 capital during the transition to the Capital Requirements Directive/Capital Requirements Regulation (CRD IV) framework. The EBA recommends that competent authorities should by 30 June 2012: ensure that banks maintain a capital floor in terms of

10 September 2013