2019

On 18 December 2019, there was published in the Official Journal of the EU (OJ):

  • Regulation (EU) 2019/2160 amending Regulation (EU) No 575/2013 as regards exposures in the form of covered bonds; and
  • Directive (EU) 2019/2162 amending Directives 2009/65/EC and 2014/59/EU on the issue of covered bonds and covered bond public supervision.

The

On 18 December 2019, the Council of the EU (Council) published an ‘I’ Item note (dated 17 December 2019) on the proposed Regulation on the establishment of a framework to facilitate sustainable investment. Following negotiations between the Council and the European Parliament (Parliament), political agreement between the institutions was achieved on

On 17 December 2019, the European Central Bank (ECB) published its latest in focus paper which explores anonymity in central bank digital currencies. The paper discusses a proof of concept for anonymity in digital cash (referred to as “central bank digital currency”) that has been developed by the European System of Central Banks.

On 18 December 2019, the European Securities and Markets Authority (ESMA) published a report on undue short-term pressure on corporations. The report is in response to the call for advice from the European Commission as part of its Action Plan, Financing Sustainable Growth, and will inform policy actions that could be taken

On 18 December 2019, the European Banking Authority (EBA) published a report on undue short-term pressures from the financial sector on corporations. The report is in response to the call for advice from the European Commission as part of its Action Plan, Financing Sustainable Growth, and will inform policy actions that could

On 17 December 2019, the Dutch Central Bank (De Nederlandsche Bank, DNB) organised a roundtable session on the sustainability of the financial sector with the standing committee on finance (vaste commissie voor Financiën).

A day earlier, DNB published a position paper in preparation for the roundtable session which summarises the

On 19 December 2019, the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) published on its website Principles for Information Security (the Principles). The Principles were submitted for consultation earlier this year and have now become final.

The AFM indicates that the management of information security risks is

On 17 December 2019, the Financial Stability Board (FSB) published its work programme for 2020.  The FSB’s work programme is split across five areas:

  • addressing new and emerging vulnerabilities in the financial system: including more detailed work on FinTech, global stablecoins, cross-border payment systems and cyber resilience;
  • finalising and operationalising post-crisis reforms: including

On 17 December 2019, the FCA launched a call for input exploring opportunities and risks arising from open finance.

The FCA refers to ‘open finance’ as the extension of open banking-like data sharing and third-party access to a wider range of financial sectors and products. Following the success of open banking in increasing innovation and