International Regulatory Updates
DECEMBER 21, 2015
In its 2013 Final Report on the role of the proxy advisory industry, ESMA recommended that the proxy advisory industry develops a code of conduct in order to foster greater understanding and assurance among stakeholders in terms of what these can rightfully expect from proxy advisors. In this report ...
DECEMBER 17, 2015
The European Parliament (EP) confirmed today the extension of the mandate of Andrea Enria as Chairperson of the European Banking Authority (EBA) until February 2021. The confirmation follows a public hearing held at the Economic and Monetary Affairs Committee (ECON) of the European Parliament.
Th ...
DECEMBER 16, 2015
The European Banking Authority (EBA) published today a Report and an Opinion on the application of legal provisions on cooperation and information sharing between EU and non-EU supervisory authorities. The objective of this report is to identify any issues and areas of improvement and to propose leg ...
DECEMBER 16, 2015
The European Banking Authority (EBA) published today its final Guidelines regarding limits on institutions' exposures to ‘shadow banking entities' that carry out bank-like activities outside a regulated framework. In particular, these Guidelines introduce an approach that will allow EU institution ...
DECEMBER 15, 2015
The European Banking Authority (EBA) published today a consultation paper on draft Guidelines on arrears and foreclosure under the Mortgage Credit Directive (MCD). As foreclosure can have significant consequences for consumers, creditors should implement measures to attempt to resolve with the borro ...
DECEMBER 15, 2015
Consumer analytics and Big Data allow for more customised products, but may raise privacy and segmentation concerns.
Due to the low interest rates environment, financial risks are increasingly borne by consumers, yet consumers are often not sufficiently supported in taking on these risks.
A la ...
DECEMBER 14, 2015
The European Banking Authority (EBA) launched today a public consultation on draft Guidelines on the collection of information related to the internal capital adequacy assessment process (ICAAP) and the internal liquidity adequacy assessment process (ILAAP). These draft Guidelines aim at facilitatin ...
DECEMBER 14, 2015
The European Banking Authority (EBA) launched today a consultation on its draft technical standards on the framework for cooperation and exchange of information between competent authorities for passporting under Article 28(5) of the revised Payment Services Directive (PSD2). The technical standards ...
DECEMBER 10, 2015
The European Banking Authority (EBA) published today a Discussion Paper on strong customer authentication and secure communication. The revised Payment Services Directive (PSD2) will mandate the EBA to deliver Regulatory Technical Standards on this topic, which the EBA is required to deliver by Janu ...
DECEMBER 10, 2015
The European Banking Authority (EBA) launched today a consultation on the reporting of financial information for institutions using IFRS (FINREP IFRS). The proposed amendments follow the finalisation of IFRS 9 by the IASB in July 2014 and aim at collecting early industry views on changes that IFRS 9 ...
