All posts tagged "European Commission"
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675EuropeEC Proposes Simplified Approach to Supervising Non-EU CCPs
Under the new approach, third-country CCPs that are not deemed systemically important will only be subject to basic ESMA supervision, relying on 'comparable compliance'.
June 15, 2020 -
669Crypto / Digital AssetsHigh-Level Forum Charts Course to Achieve EU Capital Markets Union
In a new report, the EU's High-Level Forum on capital markets union offers specific recommendations on developing deeper, more dynamic and more harmonised markets across EU member states.
June 11, 2020 -
641AML / KYCMyanmar: YSX, Securities Firms Directed to Enhance AML Controls
The YSX is asked to strengthen internal controls and establish an audit committee; six securities firms are asked to address document collection and record-keeping deficiencies.
May 25, 2020 -
1.1KAML / KYCCambodia Approves Draft Laws to Curb Money Laundering
The draft bills were reportedly motivated by Cambodia's placement on the FATF's 'grey-list' last year, which impacts foreign investment and the economy.
May 20, 2020 -
1.4KAML / KYC
European Commission Sets Out Action Plan to Root Out AML Loopholes
A single EU rulebook will minimise interpretation and implementation discrepancies across member states, and an EU-level AML/CFT body will address supervisory gaps.
May 10, 2020 -
756EuropeEU Benchmark Equivalence Regime Not Scalable: ISDA, FIA
While the Associations welcome the legal approach taken, they highlight that the draft equivalence decision excludes the widely referenced Nikkei and JPX benchmarks.
May 7, 2020 -
802Europe
Industry Bodies Request Margin Exemption Extensions under EMIR
ISDA and other industry associations are asking for equivalence decisions for all jurisdictions that have implemented margin rules in line with the BCBS-IOSCO framework.
May 6, 2020 -
789Capital / LiquidityECB Officials Push for ‘Bad Bank’ to Clean Up NPLs – Report
ECB officials are concerned that the coronavirus pandemic will trigger a surge in NPLs that could hamper banks’ ability to lend.
April 22, 2020 -
950EuropeMAS, ESMA Sign MOU on Singapore’s Financial Benchmarks
The MOU and last year's equivalence decision from the European Commission ensure that FIs in the EU can continue using SIBOR and the SOR as reference rates in their contracts.
April 18, 2020 -
1.1KEurope
European Commission Launches MiFID II Review
The introduction of a consolidated tape and enhancements to investor protection are high priority items in the review.
February 20, 2020
