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The Commission has written to CEIOPS asking it to assess Bermuda and Switzerland for the purposes of the equivalence tests in Solvency II, and to assess Japan for the reinsurance equivalence test only
ECB says many banks have signed up for the Single Euro Payments Area's credit transfer and direct debit schemes, but now regulators must mandate a timeline for migration to SEPA payment instruments
The Commission is running a short consultation on: how bank-countercyclical buffers should be calculated for EU banks that have established branches in other EU Member States; and how the jurisdictional add-on should be set for each EU Member State, and the role of the European Systemic Risk Board (ESRB) and the European Banking Agency (EBA) in this process
