The FCA has issued a statement on its website confirming that it will comply with the European Banking Authority’s guidelines of 12 December 2017 on security measures for operational and security risks of payments services under the revised Payment Services Directive.
The FCA will consult on its approach to applying these guidelines and its expectations
The European Supervisory Authorities (ESAs) have jointly published a draft Delegated Regulation containing regulatory technical standards (RTS) amending EMIR with regard to physically settled foreign exchange (FX) forwards. The draft RTS amend the risk mitigation techniques related to the exchange of collateral to cover exposures arising from non-centrally cleared
The European Banking Authority (EBA) has launched a consultation to amend the Commission Implementing Regulation on benchmarking of internal models to adjust the benchmarking portfolios and reporting requirements in view of the benchmarking exercise the European Supervisory Authority will carry out in 2019. The proposed changes reduce uncertainties in the credit risk portfolios,
The European Banking Authority (EBA) has published an opinion addressed to Member State competent authorities on the transition from the Payment Services Directive (PSD1) to the revised Payment Services Directive (PSD2), which applies from 13 January 2018. In the opinion, the EBA clarifies a number of issues identified by
There has been published in the Official Journal of the EU, Commission Implementing Regulation (EU) 2017/2382 laying down implementing technical standards with regard to the standard forms, templates and procedures for the transmission of information under MiFID II. The Implementing Regulation applies from 3 January 2018.
View Commission Implementing Regulation (EU) 2017/2382 of 14
The Presidency of the Council of the EU has published its latest compromise proposal for the CCP Recovery and Resolution Regulation.
The European Securities and Markets Authority (ESMA) has published an update on its website stating that it will publish a register of administrators and third country benchmarks, in accordance with Article 36 of the Benchmarks Regulation. ESMA will start publishing this list as of 3 January 2018.
ESMA is currently working on a
The European Securities and Markets Authority has published:
View Double Volume Cap System – instructions on download and use of double volume cap
The European Securities and Markets Authority (ESMA) has published its annual market share calculation for EU registered credit rating agencies (CRAs). The purpose of the market share calculation is to facilitate issuers and related third parties in their evaluation of a CRA with no more than 10% total market share in
The European Securities and Markets Authority (ESMA) has issued a statement to support the implementation of Legal Entity Identifiers (LEI) requirements under MiFIR.
Among other things the statement provides that to support the smooth introduction of the LEI requirements, ESMA will allow for a temporary period of six months that: