The Basel Committee on Banking Supervision (Basel Committee) has published a speech given by its secretary general, William Coen. The speech is entitled Regulatory equivalence and the global regulatory system.
At the beginning of his speech Mr Coen discusses global standards and supervisory cooperation. He states that any review of “regulatory equivalence”
The Council of the EU has published a Presidency compromise proposal for a Directive amending the Bank Recovery and Resolution Directive (BRRD) as regards the ranking of unsecured debt instruments in insolvency hierarchy. The proposal states that the additions to the last Presidency compromise are marked in underline bold text, additions to the
The European Banking Authority (EBA) has announced that it will publish data for its fourth annual EU-wide transparency exercise in December 2017 together with the Risk Assessment Report (RAR). The sample of banks for the 2017 exercise will be aligned with the one used in the 2017 EBA RAR and the
The European Banking Authority (EBA) has published a consultation paper on the scope of the draft guidelines on connected clients under Article 4(1)(39) of the Capital Requirements Regulation (CRR).
The objective of the definition of ‘group of connected clients’ in Article 4(1)(39) of the CRR is to identify clients so closely
The Global Foreign Exchange Committee (GFXC) has announced the launch of the Foreign Exchange (FX) Global Code (the Code). The Code was developed by a partnership between central banks and market participants from 16 jurisdictions around the globe.
The Code is a set of global principles of good practice in
The European Securities and Markets Authority (ESMA) has published updated Q&As on the application of the Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for Collective Investment in Transferable Securities Directive (UCITS Directive). The purpose of the Q&As are to promote common supervisory approaches and practices of both
The London Bullion Market Association (LBMA) has launched a new global precious metals code (the Metals Code). The Metals Code sets out a common set of principles to promote the integrity of the wholesale precious metals market. The Metals Code is organised around four leading principles:
Hong Kong’s Securities and Futures Commission (SFC) will introduce a new system for mandatory electronic filing of disclosure of interests notifications (DI notices), which will come into effect on 3 July 2017. From that day onwards, market participants are required to submit DI notices electronically through the new Disclosure of Interests Online System (DION System).
Our latest Regulatory Compliance Consulting webinar is now available. This webinar covers financial crime and the Fourth Money Laundering Directive.
To access the webinar please register here.
The European Banking Authority (EBA) has published final draft regulatory technical standards (RTS) that specify valuation principles that shall be used before and after a resolution occurs.
Valuation before resolution is critical to the resolution process since it informs the resolution authority’s decision as to whether the conditions for resolution are