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Showing 61 - 70 of 13393 matches filtered by 'Banking and finance'

  • JMLSG: Guidance

    29/07/2020
    JMLSG has published a new annex within Part I: Annex 5-V (pooled client accounts) and a new sectoral piece within Part... II: Sector 22 (cryptoasset exchange providers and custodian wallet providers). There is also a minor amendment to paragraph 5.3.53 within Part I.
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  • FSB: Peer review of Germany

    29/07/2020
    The peer review considers progress with data collection for macroprudential analysis; the availability and use of macroprudential tools in Germany; and... how authorities assess and manage risks to financial stability from non-bank financial intermediation. It also includes recommendations to strengthen the macroprudential framework.
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  • EBA: Preparations for the end of the transitional period

    29/07/2020
    In this statement, EBA calls on financial institutions to finalise preparations for the end of the transitional arrangements between the EU... and UK. It highlights the preparedness of payment and electronic money institutions and communications to customers.
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  • ESMA: 2018 discharge process

    29/07/2020
    ESMA has submitted an Opinion on the European Parliament’s observations made in the 2018 discharge process. It discusses matters such... as supervisory fees for credit ratings agencies and trade repositories.
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  • PSR: Building a strategy

    29/07/2020
    Ahead of consulting on a full draft strategy later on this year, PSR is inviting stakeholders to consider the future of... payments and has published thought pieces on various aspects of the strategy (available to download individually via the second link below). PSR has broken down its engagement into three key themes which are described as particularly relevant to current issues in payments, and those that will drive future change. These are: innovation and future payment methods; competition and choice and availability of payment methods. Today marks the launch of the engagement phase and the innovation and future payments theme. PSR has provided a timetable for future work on this matter.
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  • ECB: Organisational changes

    29/07/2020
    ECB has announced changes to the organisational structure of its supervisory arm which will include the creation of two additional business... areas in the ECB’s banking supervision arm – bringing the total to seven – and the redistribution of tasks across business areas. Bank-specific supervision will be organised according to banks’ business models and will be supported by teams of risk or subject matter experts. Activities such as supervisory strategy and risk, on-site supervision, and governance and operations will have dedicated business areas.
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  • EC: Crowdfunding Regulation

    29/07/2020
    The Council has published a Communication to the European Parliament with regard to its position on the adoption of a Regulation... on European crowdfunding service providers for business and a Directive amending MiFID. It notes that the Council adopted its position on 20 July 2020 (second link below) and the Communication provides a synopsis of changes to the original EC proposal.
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  • EC: Capital markets recovery package

    28/07/2020
    This initiative is part of the EC’s overall Covid-19 recovery strategy and proposes targeted changes to capital market rules The... package contains targeted adjustments to the Prospectus Regulation, MiFID and the Securitisation Regulation. Adopted texts may be accessed via the following link, along with a Q&A document.
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  • FCA: PS20/8: Motor finance discretionary commission models and consumer credit commission disclosure

    28/07/2020
    Further to CP19/28, FCA has published this PS which confirms that the regulator will introduce a ban on discretionary commission models.... It is noted that, in light of consultation feedback and the additional operational pressures which the sector is facing at present, FCA has agreed to give firms limited additional time to implement the new rules, with the prohibition coming into force on 28 January 2021. FCA will also make changes to the way in which customers are told about commission. These disclosure changes apply to many types of credit brokers and will also come into force on 28 January 2021.
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  • ECB: Covid-19 vulnerability analysis

    28/07/2020
    ECB has published the aggregate results of its vulnerability analysis of banks directly supervised within the SSM. It considered how the... economic shock caused by Covid-19 would impact 86 euro area banks and aimed to identify potential vulnerabilities within the banking sector over a three-year horizon. Overall, the results show that the euro area banking sector can withstand the pandemic-induced stress.
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