The European Banking Authority has updated its Q&A on the single rulebook.
The Q&A contains one new answer which relates to capital requirements for a sub-group integrated by a parent holding company in a Member State and its institutions and subsidiary financial institutions (ID: 2013_521).
The Agency for the Cooperation of Energy Regulators (ACER) has launched a REMIT Portal.
The REMIT Portal, which relates to the Regulation on wholesale energy market integrity and transparency (REMIT), is an online compilation of information and applications that ACER has made available. It is intended to be a central point of entry to ACER’s REMIT Information System (ARIS).
The European Securities and Markets Authority has updated its Q&A on the application of the Alternative Investment Fund Managers Directive (AIFMD).
The updated Q&A relate to the following matters:
The European Parliament has updated its procedure file on the proposed Regulation on money market funds. The European Parliament had previously indicated that it would consider the draft Regulation in plenary session on 25 March 2015 but this date has now changed to the plenary session between 27 to 30 April 2015.
The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has published the draft report prepared by rapporteur Renato Soru on the proposed Regulation on reporting and transparency of securities financing transactions.
The draft report contains suggested amendments to the proposed Regulation. It also contains an explanatory statement which makes certain comments regarding the draft legislation under the following headings:
Article 21(6)(a) of EMIR provides that the European Securities and Markets Authority (ESMA) shall at least annually conduct a peer review analysis of the supervisory activities of all national competent authorities (NCAs) in relation to the authorisation and the supervision of central counterparties (CCPs).
ESMA has now published a report which presents the findings of its first peer review pursuant to Article 21(6)(a) of EMIR.
Join us in London for the next series of 40 minute briefings:
The Financial Industry Regulatory Authority (“FINRA”) released its annual regulatory and exam priorities letter for 2015 (the “Letter”). As it has done for the past ten years, FINRA outlined the areas in which its examiners will pay particular attention with respect to its inspections this year.
The Letter notes challenges that FINRA has observed in
Just before the end of 2014, the President signed legislation amending the Dodd-Frank Wall Street Reform and Consumer Protection Act to clarify capital requirements for insurance companies that own banks.
On December 18, 2014, the President signed S. 2270, the Insurance Capital Standards Clarification Act of 2014 (Pub. Law No. 113-279). S. 2270 amended
The European Systemic Risk Board (ESRB) has published a letter from Mario Draghi, ESRB Chair, which responds to an earlier letter from the European Commission seeking views on the potential use of Article 459 of the Capital Requirements Regulation.
In the letter the ESRB emphasises the importance of that Article, which gives the Commission the power to adopt delegated acts to impose, for one year, stricter prudential requirements for exposures where this is necessary to prevent and mitigate macro-prudential risks affecting all Member States as a complement to other macro-prudential instruments which are, on the contrary, applicable to individual Member States.