International Regulatory Updates
JANUARY 29, 2016
In the context of the forthcoming implementation of the IFRS 9 Financial instruments standard (IFRS 9) in the EU, the European Banking Authority (EBA) is launching an impact assessment of the standard on a sample of approximately 50 institutions across the EU.
This exercise, which is not linked t ...
JANUARY 29, 2016
Appointment of Fausto Parente is subject to confirmation by the European Parliament.
Fausto Parente is currently Head of the Supervisory Regulation and Policy Directorate of IVASS – Istituto di Vigilanza sulle Assicurazioni.
Click here to access the full press release. ...
JANUARY 26, 2016
The European Insurance and Occupational Pensions Authority (EIOPA) today announced the results of the European Union stress test for Occupational Pensions. The objectives of the stress test were to produce a comprehensive picture of the heterogeneous European occupational pensions’ landscape; to t ...
JANUARY 14, 2016
The European Banking Authority (EBA) published today revised final draft technical standards and Guidelines on the further specification of the indicators of global systemic importance and their disclosure. The need for this revision was prompted by the new data template and some minor changes intro ...
JANUARY 05, 2016
The EBA has received a notification from Banco de Portugal on the completion of the resolution of Banco Espírito Santo through the re-transfer of five senior bonds from Novo Banco to Banco Espírito Santo.
Please click here to see in detail the decisions of Banco de Portugal that complete the ...
JANUARY 04, 2016
All stakeholders including consumers will benefit from the new risk based regime.
Solvency II is a modern, robust and proportionate supervisory framework.
Click here to access the full press release.
Click here to access the explanation Solvency II explained. ...
JANUARY 01, 2016
The European Securities and Markets Authority (ESMA) has published today a Consultation Paper (CP) on guidelines regarding the Markets in Financial Instruments Regulation (MiFIR) under which ESMA has to develop the implementing details.
Click here to access the full article. ...
DECEMBER 30, 2015
ECB Banking Supervision has recently completed its annual significance assessment, resulting in an increase of the number of significant credit institutions and groups from 123 to 129. The ECB will commence direct supervision of the new significant entities between 1 January and 1 February 2016, bas ...
DECEMBER 30, 2015
ECB – Annual assessment of significance brings number of banks directly supervised by the ECB to 129
ECB Banking Supervision has recently completed its annual significance assessment, resulting in an increase of the number of significant credit institutions and groups from 123 to 129. The ECB will commence direct supervision of the new significant entities between 1 January and 1 February 2016, bas ...
DECEMBER 30, 2015
The European Securities and Markets Authority (ESMA) has publisheda Consultation Paper (CP) on guidelines regarding the Markets in Financial Instruments Regulation (MiFIR) under which ESMA has to develop the implementing details.The CP seeks stakeholders feedback on future guidance regarding:
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