On 18 November 2022, the European Securities and Markets Authority (ESMA) published a report on the administrative and criminal sanctions and other administrative measures imposed under the Market Abuse Regulation (MAR) in 2021.
Article 33 of MAR obliges ESMA to publish an annual report with aggregated information of all penalties and
On 10 November 2022, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) published the results of an investigation it conducted on the status of compliance of financial undertakings with the Sustainable Finance Disclosure Regulation (Regulation (EU) 2019/2088, SFDR) and the related Taxonomy Regulation (Regulation (EU) 2020/852). The
On 18 November 2022, there was published in the Official Journal of the European Union (OJ), Commission Delegated Regulation (EU) 2022/2257 of 11 August 2022, supplementing the Capital Requirements Regulation (CRR) with regard to regulatory technical standards specifying the calculation methods of gross jump-to-default amounts for exposures to debt and equity
On 18 November 2022, the European Securities and Markets Authority (ESMA) published a consultation paper containing draft guidelines on funds’ names using ESG or sustainability-related terms.
Currently, ESMA has provided some principles based guidance on funds’ names with ESG or sustainability related terms in a supervisory briefing on sustainability risks and disclosures in
On 18 November 2022, the Single Resolution Board (SRB) published its work programme for 2023.
In summary, the coming twelve months will see the SRB’s focus moving from the more general phases of drafting and fine-tuning of resolution plans towards ensuring that each plan and preferred resolution strategy for each bank in
On 17 November 2022, the European Securities and Markets Authority (ESMA) published a final report containing guidelines on the types and content of the provisions of cooperation arrangements of the recovery and resolution of central counterparties (CCPs).
Some European CCPs provide services to clearing members and their clients located in third
On 17 November 2022, there was published in the Official Journal of the European Union (OJ), two decisions amending the annexes to the EEA Agreement.
On 16 November 2022, the Financial Stability Board (FSB) published its latest annual report on promoting financial stability.
The report, delivered to the G20 leaders ahead of their Bali Summit, describes the FSB’s work to promote global financial stability.
Among other things the report makes the following findings:
On 15 November 2022, the European Banking Authority (EBA) announced that the three European Supervisory Authorities (ESAs) had published a call for evidence on greenwashing.
The call for evidence seeks input on potential greenwashing practices in the whole EU financial sector, including banking, insurance and financial markets, which may be relevant to
On 15 November 2022, the European Banking Authority (EBA) issued a consultation paper containing draft guidelines addressed to institutions and resolution authorities on resolvability testing.
The draft guidelines seek to introduce a common framework for resolution testing by: