International Regulatory Updates

The European Securities and Markets Authority (ESMA) has published a research report on Retailisation in the EU, which examines the growth in the sale of complex financial products to retail financial consumers in the European Union (EU). ESMA’s research focused on two specific types of complex ...

The European Securities and Markets Authority (ESMA) has formally approved the registration of Spread Research SAS, based in France, as a credit rating agency (CRA) under Article 16 of the CRA Regulation. The registration takes effect from 1 July 2013. Spread Research registration as a CRA means ...

The European Securities and Markets Authority (ESMA) has published a peer review of the supervisory practices EEA national competent authorities (NCAs) apply in enforcing the requirements of the Market Abuse Directive (MAD). The Directive deals with the prevention of the dissemination of misleading ...

Inside this issue: MFSA launches AIFMD applications process Industry Updates Financial and Insurance activities contribution to Gross Value Added The 2013 Malta International Financial Crime Forum Compensation Schemes - Publication of reports and financial statements for 2012 EIO ...

Frankfurt, 28 June 2013 – The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) elected today four members of EIOPA Management Board: Peter Braumüller, Managing Director of the Financial Market Authority (Austria) – re-elected; Jan Parner, Deputy D ...

EIOPA acknowledges that significant consumer protection problems, including misselling issues and market imperfections have occurred in Payment Protection Insurance (PPI) markets. Having reviewed and analysed recent developments, EIOPA recommends national competent authorities to analyse the sit ...

The Joint Committee of the European Supervisory Authorities (Joint Committee) held its first Consumer Protection Day on 25 June 2013 in Paris. Consumer protection is a major objective for the European Supervisory Authorities (ESAs – EBA, ESMA, EIOPA) and under the auspices of the Joint Committe ...

The Good Practices Reports cover Comparison Websites and Knowledge & Ability of Distributors of Insurance Products; Both Reports are complimentary to the planned recast of the existing Insurance Mediation Directive (“IMD2”). The Report on comparison websites aims to promote transparenc ...

EIOPA provides its technical advice on the way forward for the introduction of the Solvency II longterm guarantee package Frankfurt, 14 June 2013 – The European Insurance and Occupational Pensions Authority (EIOPA) has published today its Technical Findings on the Long-Term Guarantee Assessmen ...

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