International Regulatory Updates

The European Banking Authority (EBA) agreed on its final draft Regulatory Technical Standards (RTS) on criteria to identify categories of staff whose professional activities have a material impact on an institution’s risk profile. These identified staff will be subject to provisions related, in pa ...

Low yield environment, weak macroeconomic climate and contagion risk from exposure to sovereigns and financial institutions remain prominent risks for both insurance and pensions sectors; As a response to the low yield environment, insurance undertakings are focusing on unit-linked contracts and ...

ESMA identifies deficiencies in CRAs sovereign ratings processes The European Securities and Markets Authority (ESMA) has published a Report identifying a number of deficiencies in the processes for producing and issuing sovereign ratings at the three largest credit rating agencies (CRAs), Fitch ...

Malta has been named European domicile of choice in the illustrious Hedge Funds Review Service Provider Rankings (HFR SP) 2013. Malta came out top in Europe with a total of 22.1 per cent of all European votes cast in the annual survey – fast moving up the ranks from its third place in 2012. ...

The Governing Council of the ECB has today nominated Ms Danièle Nouy for Chair of the Supervisory Board of the new Single Supervisory  Mechanism an has informed the Chair of the ECON Committee of the European Parliament Ms Sharon Bowles in line with the InterInstitutional Agreement. Ms Nouy will a ...

The European Securities and Markets Authority (ESMA) has published a Review of the comparability and quality of disclosures in 2012 IFRS financial statements of listed financial institutions. The Review makes recommendations aimed at enhancing the transparency of financial statements through the ...

Frankfurt, 14 November 2013 –The European Insurance and Occupational Pensions Authority (EIOPA) welcomes the trilogue agreement on the Omnibus II Directive. Omnibus II and the clarity over the Solvency II implementation timeline have been long awaited and will certainly contribute to the strengthe ...

Press Release – ESMA begins preparatory work for new Market Abuse Regime Discussion Paper - ESMA’s policy orientations on possible implementing measures under the Market Abuse Regulation Consultation Page ...

The European Securities and Markets Authority (ESMA) has published its European Common Enforcement Priorities (Priorities) for 2013. These Priorities are to be used by European Economic Area (EEA) national authorities in their assessment of listed companies’ 2013 financial statements. ESMA has ...

The European Central Bank (ECB) today published its legal opinion on the Single Resolution Mechanism. This opinion was issued at the request of the Council of the European Union and the European Parliament. Click here to access the full press release (English). Click here to access the full pr ...