The European Securities and Markets Authority (ESMA) has issued an opinion in response to a notification by the European Commission (the Commission) about intended changes to a draft Implementing Technical Standard (ITS) on the disclosure of inside information under the Market Abuse Regulation (MAR).
On 28 September
The Council of the EU has announced that it has adopted a Regulation and a Directive enacting a one-year delay to MiFID II and MiFIR. The postponement was agreed with the European Parliament on 2 May 2016.
View Council of the EU adopts legislative package to delay MiFID II application, 17 June 2016
The Bank of England (BoE) has published an update on its plans to develop a blueprint for a new real time gross settlement system (RTGS).
The update notes that on 17 June 2016 the Governor of the BoE announced that the BoE intends, over time, to extend direct access to RTGS
ESMA publishes Annual Report 2015
The European Securities and Markets Authority (ESMA) has published its Annual Report 2015. The Annual Report is an important tool in providing accountability regarding ESMA’s delivery against its objectives and annual work programme.
In chapter 2 of the Annual Report ESMA describes its key achievements during 2015 and
The Basel Committee on Banking Supervision (Basel Committee) has published its latest reports under its Regulatory Consistency Assessment Programme. The reports assess the implementation of the Basel Committee’s frameworks for global and domestic systemically important banks (G-SIBs and D-SIBs) in the following jurisdictions:
The Permanent Representatives Committee (COREPER) has agreed, on behalf of the Council of the EU, on a negotiating stance on a draft Regulation on money market funds. The Council will confirm COREPER’s agreement at a meeting on 17 June 2016, and will ask the Presidency to start talks with the European Parliament. The
The European Securities and Markets Authority has updated its list of recognised central counterparties based in third countries. The update concerns the recognition of the US Chicago Mercantile Exchange Inc.
View ESMA updates list of recognised third-country CCPs, 15 June 2016
The European Banking Authority (EBA) has published its 2015 Annual Report. The Annual Report provides a detailed account of all the work the European Supervisory Authority has achieved in the past year and anticipates the key areas of focus in the coming years.
Page 71 onwards discusses the EBA’s key areas of focus
In the wake of the order to close BSI Bank, the Monetary Authority of Singapore (MAS) has announced that it will, from 1 August 2016, establish dedicated departments to combat money laundering and strengthen enforcement respectively.
MAS has indicated its resolve to ensure that Singapore retains its reputation as a clean and trusted financial
The following have been published in the Official Journal of the EU: