The European Securities and Markets Authority (ESMA) has published a final report containing draft regulatory technical standards (RTS) under the revised Transparency Directive (TD) relating to the notification of major shareholdings.
The UCITS V Directive (UCITS V) provides for several empowerments for the European Commission (the Commission) to adopt delegated acts relating to the new depositary requirements.
The Bank Recovery and Resolution Directive establishes a framework for the recovery and resolution of EU credit institutions and investment firms.
The Deposit Guarantee Schemes Directive (DGSD) was published in the Official Journal of the European Union on 12 June 2014.
On September 3, 2014, the US federal banking regulators (the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of Comptroller of the Currency) announced the final adoption of the liquidity coverage ratio for large financial institutions under their supervision. The liquidity coverage ratio, or LCR, requires that covered banking organizations maintain sufficient
The FCA has published a short update on its website concerning independent financial advice and using internal specialists.
The FCA has published Consultation Paper 14/20: Implementation of the Mortgage Credit Directive and the new regime for second charge mortgages (CP14/20).
The European Banking Authority (EBA) has issued two consultations on its draft guidelines and implementing technical standards relating to recovery planning, resolution planning and resolvability assessments under the Bank Recovery and Resolution Directive. The guidelines define how EU authorities should assess whether an institution is eligible for simplified obligations.The deadline for comments on the EBA consultations is 3 January 2015.
The Basel Committee on Banking Supervision (BCBS) has issued a short press release following a meeting of banking supervisors and central bankers in which the post financial crisis reform agenda was discussed.
On September 11, 2014, the Office of the Comptroller of the Currency (OCC) published final Guidelines setting out heightened risk management standards for large banking organizations under its jurisdiction. The OCC had issued proposed guidelines in January 2014 for comment and made some revisions to the final version of the Guidelines in response to those