On 21 May 2024, the European Securities and Markets Authority (ESMA) published the keynote address that its Chair, Verena Ross, gave at the Macroprudential policy for investment funds conference.

Key points in the keynote address include:

  • When comparing to the financial landscape 15 years ago, the non-bank financial sector is larger and more

On 21 May 2024, the European Securities and Markets Authority (ESMA) published a consultation paper on the review and development of a package of regualtory technical standards (RTS) under the recently revised Markets in Financial Instruments Regulation (MiFIR). For a comprehensive overview of the recent changes introduced to the

We recently saw an interesting speech from the UK on how artificial intelligence (AI) could impact financial stability.

In France, the regulatory authorities have also been looking at AI.

Here are some snippets.

A while ago, the French Prudential Supervision and Resolution Authority (ACPR) issued an important discussion document on the

On 17 May 2024, the European Banking Authority (EBA) issued a consultation paper containing draft guidelines on acquisition, development and construction (ADC) exposures to residential property.

Article 126a of the Capital Requirements Regulation (CRR) introduces under the standardised approach for credit risk a new category of exposures called ADC

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  • 20 May 2024 – On 30 April 2024, the European Securities and Markets Authority published the results of the annual transparency calculations for non-equity instruments, bond liquidity data and quarterly systematic internaliser calculations under MiFID II and MiFIR. For this period, there are currently 1,371 liquid bonds subject to MiFID II transparency

On 16 May 2024, the Network for Greening the Financial System (NGFS) published a cover report and two technical documents on Sustainable and Responsible Investment (SRI) for Central Banks.

The cover report reviews SRI in central banks’ portfolio management, with practices and recommendations. It puts forward ten recommendations for central banks

On 16 May 2024, the Basel Committee on Banking Supervision (Basel Committee) published a report on the implications of the digitalisation of finance on banks and supervision.

The report builds on the Basel Committee’s 2018 paper, Sound practices: implications of fintech developments for banks and bank supervisors and takes stock of recent developments

On 15 May 2024, the Eurogroup issued a statement on the follow-up to the Eurogroup agreement on the future of the Capital Markets Union (CMU).

In March 2024, the Eurogroup agreed on a statement of the future of the CMU and today’s statement marks the first step towards its delivery.  The endorsement by

Last November the Financial Conduct Authority (FCA) published Policy Statement 23/16 (PS23/16) containing final rules and guidance on sustainability disclosure requirements (SDR) and investment labels (UK SDR regime). The rules and guidance are currently limited to UK asset managers and essentially the requirements comprise of two components