May 2016

italy-880116_1280

Italian regulator introduces new arbitrator for financial disputes

Consob, the Italian regulator, published a statement announcing that the Commission has approved the regulation of the new Arbitrator for financial disputes (ACF) (Resolution No. 19602 of 4 May 2016, being published in the Official Gazette of the Republic). The regulation allows Consob to start a new out-of-court system for resolving disputes. It is characterised …

Italian regulator introduces new arbitrator for financial disputes Read More »

statue-544099_1280

FCA fines and bans financial adviser for insider dealing

The Financial Conduct Authority (FCA) has today fined Mark Taylor, a financial adviser, £36,285 and banned him for a period of at least two years for engaging in market abuse. The FCA found that Mr Taylor, an experienced financial adviser who had worked at Towry Limited for 2.5 years, bought shares in another firm, Ashcourt …

FCA fines and bans financial adviser for insider dealing Read More »

london-1214224_1280

New HM Treasury office to help with financial sanctions compliance

The FCA today published a statement regarding the setup of the Office of Financial Sanctions Implementation  to help UK businesses comply with financial sanctions. On 31 March the Government announced the Office of Financial Sanctions Implementation (OFSI) has been created within HM Treasury. The Government says that OFSI will provide a high-quality service to the private sector, …

New HM Treasury office to help with financial sanctions compliance Read More »

paris-775529_640

French regulator clarifies authorisation process under UCITS V

The French financial regulator, the Autorité des Marchés Financiers (AMF), has published instructions with regard to the UCITS 5 Directive transposition. The instructions outline the authorisation process for UCITS and AIF depositaries. The UCITS 5 Directive alters the functions of UCITS depositaries with respect to their remit and responsibilities. Thus, the AMF has created a …

French regulator clarifies authorisation process under UCITS V Read More »

socialmedia-icon-1328421_1280

IOSCO annual summit focuses on SME financing and FinTech regulation

The International Organization of Securities Commissions (IOSCO) today opened the public sessions of its Annual Conference in Lima focusing on SME financing, investor protection and education, and the opportunities and challenges of new financial technologies (fintech). According to IOSCO’s press release, the public conference comes at the conclusion of IOSCO’s private meetings in which members …

IOSCO annual summit focuses on SME financing and FinTech regulation Read More »

files-720612_1280

EBA and Commission agree on amended technical standards on benchmarking of internal approaches

The European Banking Authority (EBA) issued today an Opinion to the European Commission expressing agreement with its proposed amendments to the EBA Implementing Technical Standards (ITS) on benchmarking of internal approaches. These amendments, which were agreed with the EBA building on the experience of the 2014-15 benchmarking exercise, aim at ensuring a better quality of …

EBA and Commission agree on amended technical standards on benchmarking of internal approaches Read More »

europe-413102_1280

ESAs publish position on credit quality steps for ECAIs’ credit assessments

The Joint Committee of the European Supervisory Authorities (EBA, EIOPA, ESMA – ESAs) published today its Opinion on the European Commission’s (EC) intention to amend the draft Implementing Technical Standards (ITS) on the mapping of External Credit Assessment Institutions’ (ECAIs) credit assessments under the Capital Requirements Regulation (CRR) and Solvency II Directive. The Opinion was …

ESAs publish position on credit quality steps for ECAIs’ credit assessments Read More »

social-media-tree-200795_1280

FCA launches FinTech bridge between UK and Singapore companies and investors

The FCA announced today that it had signed a Co-operation Agreement between Financial Conduct Authority (FCA) and Monetary Authority of Singapore (MAS). According to the agreement, the Authorities share a mutual desire to promote innovation in financial services in their respective markets. Both Authorities have established Innovation Functions in order to do so. The Authorities believe …

FCA launches FinTech bridge between UK and Singapore companies and investors Read More »

profits-598892_1280

ESMA sees continued high level of market risks

The European Securities and Markets Authority (ESMA) has published today its Risk Dashboard for the first quarter of 2016. The overall risks to securities markets in Q1 2016 remained unchanged at high levels, with market and credit risks being very high. This was reflected in major price swings in global equity markets, especially affecting financial …

ESMA sees continued high level of market risks Read More »

city-937541_640

EBA consults on Liquidity Coverage Ratio disclosure

The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on the Liquidity Coverage Ratio (LCR) disclosure. These Guidelines harmonise and specify both the qualitative and quantitative information that institutions are required to disclose on liquidity and namely on the LCR. The consultation will run until 11 August 2016. LCR disclosure is …

EBA consults on Liquidity Coverage Ratio disclosure Read More »

Scroll to Top

Add Article

Add your article to Planet Compliance.