The European supervising authorities have published a large number of consultation documents, draft rules and other information since the last edition of In context. Below is an overview of these publications. We also list relevant articles in international legal journals.

European Banking Authority – publications

The European Banking Authority published the following documents in November:

  • Peer review on the implementation of the stress testing guidelines (link)
  • Consultation on draft technical standards on disclosure for leverage ratio (link)
  • Consultation on draft Guidelines on the discount rate for variable remuneration (link)
  • Consultation on draft technical standards related to liquidity requirements (link)
  • Final draft technical standards on NPLs and Forbearance reporting requirements (link)
  • Final draft technical standards on asset encumbrance (link)
  • Revised FAQs on prudent valuation Quantitative Impact Study (link)
  • Risk dashboard of the EU banking sector, summarising the main risks and vulnerabilities in the European Union (link)
  • Consultation on the use of the Legal Entity Identifier (link)

European Securities and Markets Authority – publications

The European Securities and Markets Authority published the following documents in November:

  • Technical Advice to the European Commission on the feasibility of a network of small and medium-sized credit rating agencies (link)
  • Final draft regulatory technical standards related to derivative transactions by non-European Union counterparties (link)
  • Review of the comparability and quality of disclosures in 2012 IFRS financial statements of listed financial institutions (link)
  • Discussion paper setting out ESMA’s initial views on the implementing measures it will have to develop for the new Market Abuse Regulation (link)
  • Guidelines and Recommendations regarding written agreements between members of CCP colleges (link)
  • Preliminary report on anti-money laundering and counter financing of terrorism Risk Based Supervision (link)
  • List of non-EEA CCPs that applied for recognition (link)
  • European Common Enforcement Priorities: these Priorities are to be used by European Economic Area (EEA) national authorities in their assessment of listed companies’ 2013 financial statements (link)
  • ESMA and EBA consultation on complaints handling guidelines for the investment and banking sectors (link)
  • European Supervisory Authorities consultation on the removal of mechanistic reliance on credit ratings (link)
  • Questions and Answers on the Prospectus Directive (update) (link)

European Insurance and Occupational Pensions Authority – publications

The European Insurance and Occupational Pensions Authority published the following documents in November:

  • EIOPA Work Programme 2014 (link)
  • EIOPA Guidelines on preparing for Solvency II (link)

European Central Bank – publications

The European Central Bank published the following documents in November:

  • Opinion on financial restructuring of companies (link)
  • Opinion on a proposal for a directive of the European Parliament and of the Council on the comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic features (link)
  • Opinion on a proposal for a regulation establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms (link)
  • Consultation on Recommendations for the security of mobile payments (link)
  • Banking Structures Report: analysis of the main structural developments in the euro banking sector (link)

IOSCO – publications

The International Organization of Securities Commissions published the following documents in November:

  • Report on the Second IOSCO Hedge Fund Survey (link)
  • Disclosure Requirements for Islamic Capital Market Products (The Islamic Financial Services Board, IOSCO and the Securities Commission Malaysia) (link)

Basel Committee on Banking Supervision – publications

The Basel Committee on Banking Supervision published the following documents in November:

  • Global systemically important banks: information regarding the end-2012 exercise (link)
  • Liquidity stress testing: a survey of theory, empirics and current industry and supervisory practices (link)
  • Fundamental review of capital requirements for the trading book – second consultative document (link)

Other international publications

Bis Quarterly Review

  • CoCos: a primer / Stefan Avdjiev, Anastasia Kartasheva, Bilyana Bodanova – Bis Quarterly Review, September 2013 (link)
  • How have banks adjusted to higher capital requirements? / Benjamin H. Cohen – Bis Quarterly Review, September 2013 (link)

Capital Markets Law Journal

  • Issues in the extraterritorial application of Dodd–Frank’s derivatives and clearing rules, the impact on global markets and the inevitability of cross-border and US domestic coordination / Edward F. Greene and Ilona Potiha – CMLJ 2013, vol. 4, no. 4