Georgia Karamani (UK)

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IOSCO reports on peer reviews of MMFs and securitisation regulation

On 2 October 2019, the International Organization of Securities Commissions (IOSCO) published two update reports on its peer reviews of the regulation of money market funds (MMFs) and of the implementation of incentive alignment recommendations for securitisation. The reports summarises IOSCO’s sustained efforts to monitor implementation for MMFs and securitisation since it published its two … Continue Reading

ESMA work programme for 2020

On 1 October 2019, the European Securities and Markets Authority (ESMA) published its work programme for 2020. In terms of the single rulebook, the EMIR Review and the resulting EMIR Refit and EMIR 2.2 will require ESMA to develop several technical standards and technical advice. In addition, following the start of the work on the MiFID II/MIFIR … Continue Reading

FSB reports on work to assess and address correspondent banking declines

The Financial Stability Board (FSB) has published: a progress report on the implementation of its action plan to assess and address the decline in correspondent banking relationships. The decline in the number of correspondent banking relationships remains a source of concern for the international community, as the number of active correspondent banks declined by 3.4% … Continue Reading

ESMA updates Q&As on BMR

On 23 May 2019, the European Securities and Markets Authority (ESMA) published an updated version of its Q&As on the Benchmarks Regulation (BMR). The updated Q&As provide the following new questions: What information may national competent authorities rely on in an external audit report of compliance to IOSCO Principles under Article 32(2) of BMR? What … Continue Reading

ECB decision on total supervisory fees for 2019 published in OJ

On 2 May 2019, there was published in the Official Journal of the EU, the European Central Bank’s (ECB) decision concerning its supervisory fees for 2019. Annex 1 to the decision sets out the calculation of the total amount of the ECB’s supervisory fees for 2019. The split of the total amount of annual supervisory … Continue Reading