The European Securities and Markets Authority (ESMA) has established two Memoranda of Understanding (MoUs) under the European Markets Infrastructure Regulation (EMIR) with the Mexican Comisiόn Nacional Bancaria y de Valores (CNBV) and the South African Financial Services Board (FSB).
The MoUs are effective as of 26 January 2016 for the CNBV and 30 November 2015
The European Commission has published a report that fulfils the obligation laid down in article 517 of the Capital Requirements Regulation (CRR), according to which the Commission shall review and report to the European Parliament and the Council on the appropriateness of the definition of ‘eligible capital’.
In the report the Commission concludes that on
The European Commission has adopted a Delegated Regulation supplementing the Capital Requirements Regulation (CRR) with regard to regulatory technical standards specifying the conditions for the application of the derogations concerning currencies with constraints on the availability of liquid assets.
Article 419(5) of the CRR empowers the Commission to adopt delegated acts specifying the derogations referred
In the context of a recent round-table on technological innovation in the Dutch financial sector (FinTech), the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) published a position paper on FinTech.
In this paper, the AFM expresses its view on FinTech and the implications thereof for its supervision
In December 2015, an Act implementing into Dutch law the amended Transparency Directive (Implementatiewet Wijzigingsrichtlijn Transparantie, the Implementation Act) was adopted. The Implementation Act is expected to enter into force sometime in early February 2016 and, among other things, amends the Act on the Financial Supervision (Wet op het financieel toezicht
The PRA’s approach to enforcement: statutory statements of policy and procedure is a PRA Statement of Policy that was first published on 1 April 2013. It includes statutory statements of policy and procedure in relation to:
On 19 January 2016, the Dutch Minister of Finance sent the Dutch Parliament the results of an investigation into the Dutch shadow banking sector. The investigation has been carried out by the Dutch Central Bank (De Nederlandsche Bank, the DNB).
The shadow banking system can – in short – be described as
On 19 January 2016, the Dutch Minister of Finance informed the Dutch Parliament on its evaluation report of the Act on Bank Tax (Wet bankenbelasting, the Act). The report focuses on an evaluation of the main goals of the Act. The primary goal of the Act is to request banks to contribute to
On 19 January 2016, the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) held a meeting with representatives of crowdfunding platforms to discuss new regulations that will be applicable to all crowdfunding platforms (both licensed or acting under an exemption) by 1 April 2016.
In December 2015, the AFM
On 21 January 2016, the Standing Committee for Finance of the Dutch Parliament organised a round-table session on technological innovation in the Dutch financial sector (FinTech). In that context the Dutch Central Bank (De Nederlandsche Bank, DNB) published a position paper and research report on FinTech.
In its report, the