BANKING

Council of EU Presidency compromise proposal on proposed Directive amending BRRD relating to ranking of unsecured debt instruments in insolvency hierarchy dated 31 May 2017

The final Presidency compromise proposal has been published by the Council of the EU on the proposed Directive amending the Bank Recovery and Resolution Directive. Council of the EU, 1 June 2017

 

Council of EU Presidency compromise proposal on proposed Regulation amending CRR as regards transitional period for mitigating impact on own funds of introduction of IFRS 9 dated 31 May 2017

The final Presidency compromise proposal on the proposed Regulation amending the Capital Requirements Regulation has been published by the Council of the EU.

Council of the EU, 1 June 2017

 

ECON draft report on retail financial services action plan

The European Parliament's Committee on Economic and Monetary Affairs (ECON) has published a draft report on the action plan of the European Commission which contains a motion for a Parliament resolution on the action plan and an explanatory statement from Olle Ludvigsson, the rapporteur.

ECON, 1 June 2017

 

INSURANCE IAIS consult on revised draft ICP on reinsurance and other forms of risk transfer

The International Association of Insurance Supervisors (IAIS) has published a new webpage announcing that it has begun a consultation on a revised version of the insurance core principle (ICP) 13, on reinsurance and other forms of risk transfer.

IAIS, 1 June 2017

 

INVESTMENTS AND FUNDS

ESMA consults on guidelines on CCP conflicts of interest management under EMIR

A consultation paper has been published by ESMA which relates to the guidelines for central counterparties' management of conflicts of interest.

ESMA, 1 June 2017

 

ESMA final report on draft ITS on co-operation between competent authorities under MAR

ESMA has published its final report on draft implanting technical standards as required by Articles 24 and 25 of MAR. The report focuses on the forms and procedures for co-operation between national competent authorities under the Market Abuse Regulation.

ESMA, 1 June 2017

 

IOSCO updates objectives and principles of securities regulation and related assessment methodology

The International Organisation of Securities Commissions (IOSCO) has published a new version of its objectives and principles of securities regulation.

IOSCO, 1 June 2017

 

ESMA guidelines on relevant currencies and substantial importance of a CSD for a host member state

Two sets of guidelines (1 & 2) under the CSDR regulation on improving securities settlement in the EU and on central securities depositories and amending Directives have been published by ESMA.

ESMA, 1 June 2017

 

ESMA updates MiFID II Q&As on market structures, commodity derivatives and transparency: May 2017

A press release has been published by ESMA announcing the release of its new Q&As providing guidance on implementation of the MiFID II Directive and the Markets in Financial Instruments Regulations (MiFIR).

The new Q&As relate to MiFID II Directive and MiFIR market structure topics, commodity derivatives topics, and transparency topics.

ESMA, 1 June 2017