BANKING

EBA final draft RTS on valuation under BRRD

The EBA has published a document containing its final draft regulatory technical standards (RTS) on valuation under the Bank Recovery and Resolution Directive (2014/59/EU) (BRRD). EBA, 24 May 2017

INSURANCE

EU/US insurance and reinsurance agreement adopted

The Council of the European Union has adopted a bilateral agreement between the EU and the US on prudential measures regarding insurance and reinsurance. The agreement acknowledges the growing need for co-operation between EU and US supervisory authorities, including the exchange of confidential information, given the increased globalisation of insurance and reinsurance markets. Council of the European Union, 23 May 2017

INVESTMENTS AND FUNDS

ESMA publishes updated AIFMD and UCITS Q&As

The ESMA has published updated questions and answers documents on the application of the Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS). ESMA, 24 May 2017

ESMA consults on Money Market Funds rules

The ESMA has published a consultation paper on the Money Market Funds Regulation (MMFR). This contains proposals on draft technical advice, draft implementing technical standards, and guidelines under the MMFR. The key proposals relate to asset liquidity and credit quality, the establishment of a reporting template and stress test scenarios. Consultation ends: 7 August 2017. ESMA, 24 May 2017