The European Banking Authority (EBA) published today a Report in response to two calls for advice to assist the European Commission in the adoption into European legislation of two new international frameworks proposed by the Basel Committee on Banking Supervision (BCBS): (i) a new standardised framework for counterparty risk (CCR), i.e. the so-called SA-CCR, and …
The European Banking Authority (EBA) launched today a consultation in response to the European Commission’s call for technical advice on the design of a new prudential regime for investment firms, which is specifically tailored to the needs of investment firms’ different business models and inherent risks. The aim of this work is to develop a …
EBA seeks views on new prudential regime for investment firms Read More »
The European Securities and Markets Authority (ESMA) has published an updated questions and answers (Q&A) document on the application of MiFID II/ MiFIR which clarifies when ESMA will publish the first set of data needed to implement the Systematic Internaliser (SI) regime and the date by when firms must comply with the SI regime for …
ESMA prepares for MiFID II systematic internaliser regime Read More »
Cybersecurity is an increasingly important topic and the level and volume of sophisticated attacks grows with every year with damages from cybercrime expected to cost the world $6 trillion by 2021. Reason enough that financial institutions take it seriously and assign the necessary resources to tackle the problem. The following article gives an overview of …
The Implications of Cybersecurity for Financial Services Compliance Read More »
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As part of its plenary meeting earlier this months, the Financial Action Task Force (FATF) declared it would reach out to the FinTech / RegTech communities. FATF acknowledged that Technology-based innovations are rapidly changing the financial industry, introducing efficiencies and providing alternatives for traditional financial products. Consequently, it is important for the FATF to engage with the FinTech/RegTech …
Money Laundering Regulator to reach out to the FinTech / RegTech communities Read More »
The European Banking Authority (EBA) published today its final report on the reference point for the target level of national resolution financing arrangements. In the report, the EBA recommends changing the basis from covered deposits to a total liabilities-based measure and, in particular, total liabilities (excluding own funds) less covered deposits. The proposed methodology would …
The German Bundesbank recently published a report on high-frequency trading and its impact en German capital markets. Following the increase of algorithmic trading over the last 10 years on international stock markets and considering the limited availability of reliable data, the German National Bank has conducted intensive research to gain a better understanding of the …
The impact of high-frequency trading on German capital markets Read More »
Today the Financial Action Task Force (FATF) published a report on Terrorist Financing in West and Central Africa. This joint FATF-GIABA-GABAC report reveals a number of terrorist financing threats and vulnerabilities that are specific to the West and Central Africa region, and highlights the role of cash, including foreign currency. The report looks at the contextual factors …
FATF updates on Terrorist Financing in West and Central Africa Read More »
The European Banking Authority (EBA) launched today a public consultation on its revised Guidelines on internal governance. These draft Guidelines aim at further harmonising institutions’ internal governance arrangements, processes and mechanisms across the EU, in line with the new requirements in this area introduced in the Capital Requirements Directive (CRD) and also taking into account …
EBA reviews its guidelines on internal governance Read More »
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