France

On 10 July 2024, the European Securities and Markets Authority (ESMA) published its third consultation paper on the future technical standards and technical advice on revised MiFIR and MiFID II.

The final legislative amending texts of MiFID II and MiFIR were published in the Official Journal of the European Union on 8 March

On 9 July 2024, the Basel Committee on Banking Supervision published a consultative document on Principles for the sound management of third-party risk.

The Principles contained in the consultative document are intended to supersede those in the 2005 Joint Forum paper Outsourcing in financial services specifically for the banking sector. There are 12 high-level principles

On 9 July 2024, the Single Resolution Board (SRB) published its third assessment of banks’ resolvability across the Banking Union.

The headlines from the assessment include:

  • All banks that had to comply with their final minimum requirement for own funds and eligible liabilities (MREL) targets as of 1 January 2024 have

On 9 July 2024, the European Securities and Markets Authority (ESMA) issued the following consultation papers on the Central Securities Depositories Regulation (CSDR) Refit:

  • Consultation paper on the draft regulatory technical standards (RTS) on the information notified by third-country central securities depositories (TC CSDs). CSDR Refit introduces

On 9 July 2024, the European Securities and Markets Authority (ESMA) published the results of its fifth stress test exercise for central counterparties (CCPs).

Whilst the stress test confirmed the overall resilience of the EU clearing landscape it also found that some gaps persist in the coverage of concentration risk across

On 8 July 2024, the European Banking Authority (EBA) issued a consultation on draft regulatory technical standards (RTS) specifying the conditions and the criteria to assess whether the credit valuation adjustment (CVA) risk exposures arising from fair-valued securities financing transactions (SFTs) are material, as well as the

On 8 July 2024, the European Securities and Markets Authority (ESMA) issued two consultation papers on liquidity management tools (LMTs) for funds.

The first consultation covers draft regulatory technical standards (RTS) on LMTs under the Alternative Investment Fund Managers Directive (AIFMD) and the UCITS Directive. The second

On 8 July 2024, the European Banking Authority (EBA) published a report on convergence of supervisory practices in 2023.

The report covers how the EBA pursued supervisory convergence in 2023 in the context of the Supervisory Review and Evaluation Process and ongoing supervision via various convergence tools at its disposal, and the EBA’s

On 8 July 2024, the European Securities and Markets Authority (ESMA) issued a consultation on guidelines on the submission of periodic information to ESMA by benchmark administrators, credit rating agencies (CRAs) and market transparency infrastructures. In the draft guidelines ESMA brings together periodic reporting requirements for CRAs and trade repositories as

On 5 July 2024, the Basel Committee on Banking Supervision issued a consultation on two technical amendments to the Basel Framework and seven new FAQs and one updated FAQ.

The two technical amendments:

  • Align the formula