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Showing 1 - 10 of 273 matches filtered by 'Third countries'

  • EC: EMIR Amending Regulation

    15/10/2019
    The Council has adopted a Regulation that amends EMIR with regard to the procedures and authorities involved for the authorisation of... CCPs and requirements for the recognition of third-country CCPs (the text appears in the second link below). It sets out how EU and third country clearing houses should be supervised following Brexit (the press release notes that, following Brexit, the three CCPs based in the UK will de facto become third-country CCPs). The Regulation is scheduled to be published in the Official Journal on 24 October 2019.
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  • FCA: Brexit - latest expectations for firms

    11/10/2019
    FCA highlights that firms should take reasonable steps to be prepared to comply with post-exit MiFID transaction reporting and EMIR trade... reporting requirements (which are detailed in the press release). FCA also sets out requirements for passporting in the event of no-deal and with regard to the Temporary Permissions Regime. FCA states that it will generally expect firms to have a physical presence in the UK to help ensure effective supervision and will be consulting on its approach and expectations shortly.
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  • EBA: 2020 Work Programme

    10/10/2019
    EBA has published its 2020 Work Programme, which sets out its priorities for the period. These include: ensuring effective cooperation... with third countries; improving a culture of good governance in financial institutions; prioritising AML and promoting an operational framework for resolution.
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  • ESMA: Speech by Steven Maijoor: Building the EU Capital Markets Union while fostering global financial markets

    10/10/2019
    Text of Steven Maijoor’s speech of 10 October 2019 follows. Topics include: equivalence and CCPs; fintech and sustainable finance.
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  • ESMA: Draft regulatory technical standards on cooperation arrangements under MAR

    08/10/2019
    ESMA has published its final report on a set of regulatory technical standards on the application of MAR, which cover cooperation... arrangements between national competent authorities and their counterparts in third-countries for the purpose of efficiently exchanging information and enforcing the obligations related to market abuse. It includes the text of a draft delegated regulation.
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  • ECB: Passporting Decisions

    28/08/2019
    ECB has published its Decision (EU) 2019/1376 of 23 July 2019 on delegation of the power to adopt decisions on passporting,... acquisition of qualifying holdings and withdrawal of authorisations of credit institutions and Decision (EU) 2019/1377 of 31 July 2019 nominating heads of work units to adopt delegated decisions on passporting, acquisition of qualifying holdings and withdrawal of authorisations of credit institutions.
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  • ECB: Brexit – stepping up preparations

    15/08/2019
    ECB has highlighted that it expects banks to speed up the implementation of their plans to minimise execution risk and address... operational challenges. ECB has identified areas where banks currently fall short of supervisory expectations, including adjusting the practice of back-branching, and notes that certain banks have yet to align their remote booking practices and back‑to‑back hedging strategies with supervisory expectations.
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  • HoC: Brexit and financial services

    14/08/2019
    HoC has updated its Library briefing paper which considers equivalence and the potential impact of no-deal Brexit on the sector.
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  • EBA: DGS Opinion

    08/08/2019
    EBA has published an Opinion on the implementation of the Deposit Guarantee Schemes Directive. It proposes changes in relation to... the current provisions on transfers of DGS contributions between DGSs, DGSs' cooperation with various stakeholders, the current list of exclusions from eligibility, current provisions on eligibility, depositor information, the approach to third country branches' DGS membership, the implications of the recent review of the ESAs, and cross-references to other EU regulations and EU directives. EBA notes that two other Opinions are forthcoming later in 2019.
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  • EC: Implementing Decisions in relation to the Benchmarks Regulation

    30/07/2019
    Commission Implementing Decision (EU) 2019/1274 of 29 July 2019 on the equivalence of the legal and supervisory framework applicable to benchmarks... in Australia and Commission Implementing Decision (EU) 2019/1275 of 29 July 2019 on the equivalence of the legal and supervisory framework applicable to benchmarks in Singapore have been published in the Official Journal.
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