The European Banking Authority (EBA) has published guidelines on internal governance under the CRD IV.
Article 74 of the Capital Requirements Directive IV (CRD IV) mandates the EBA to develop such guidelines in order to harmonise institutions’ internal governance arrangements, processes and mechanisms within the EU.
The guidelines complete the various
The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have co-published guidelines on the assessment of the suitability of members of the management body and key function holders under the CRD IV and MiFID II. Article 91(12) of the CRD IV and Article 9(1) of MiFID II
The European Commission has adopted a Commission Delegated Regulation amending Commission Delegated Regulation (EU) 2017/571 supplementing MiFID II with regard to regulatory technical standards (RTS) on authorisation, organisational requirements and the publication of transactions for data reporting services providers. The amending Delegated Regulation sets out RTS specifying the scope of the consolidated tape
On 13 September 2016, we blogged that the Law Commission had published a report on Bills of Sale following an earlier consultation on the reform of the Bills of Sale Acts. The report recommended that the Bills of Sale Acts should be repealed and replaced with modern legislation that imposes fewer burdens on lenders and
The International Regulatory Strategy Group (IRSG) has published its latest report on Brexit. The objective of the report is to make specific proposals on the terms of an agreement under which financial services suppliers in the EU and UK would have access to each other’s markets after Brexit. The report considers in particular:
On 27 September 2017, the Dutch Central Bank (De Nederlandsche Bank, DNB) published guidance on managing data quality by insurers in relation to the Solvency II Directive (the Guidance Document).
In the Guidance Document, DNB provides guidance on and good practices for the most important elements and principles under the Solvency
The Dutch Central Bank (De Nederlandsche Bank, DNB) recently published for consultation a draft of the Regulation on Sound Remuneration Policies 2017 (Regeling beheerst beloningsbeleid 2017, the Regulation).
The Regulation will replace the 2014 regulation of the same name. The reason behind renewing and actualising this regulation around sound
The European Central Bank (ECB) has published an opinion concerning the proposed Regulation on a framework for the recovery and resolution of central counterparties (CCPs).
The ECB strongly supports the Commission’s initiative to establish a dedicated Union framework for the recovery and resolution of CCPs. It also agrees with the main
The PRA has published a Dear CEO letter it has sent to firms concerning transitional arrangements for capital impact of International Financial Reporting Standard (IFRS) 9 expected credit loss accounting.
In the Dear CEO letter the PRA notes that the Basel Committee on Banking Supervision and the European legislative bodies have examined the case for
The European Commission has adopted the following: