BANKING

Joint Committee of ESAs final report on draft RTS on MLD4 central contact point

The Joint Committee of the European Supervisory Authorities, which combines the EBA, EIOPA and ESMA has published its final report. The report contains draft regulatory technical standards on the criteria for determining the circumstances in which the appointment of a central contact point, under Article 45(9) of the Fourth Money Laundering Directive ((EU) 2015/849) (MLD4), is appropriate and the functions of the CCP. EBA, 26 June 2017

Joint Committee of ESAs final report on MLD4 AML and CTF risk factor guidelines

The Joint Committee of the European Supervisory Authorities, combining the EBA, EIOPA and ESMA has published its final report. This contains risk factor guidelines on anti-money laundering and countering terrorist financing under Articles 17 and 18(4) of the Fourth Money Laundering Directive ((EU) 2015/849) (MLD4). The new guidelines explain what firms should consider when assessing the money laundering and terrorist financing risk associated with a business relationship or occasional transaction, and how firms can adjust the extent of their customer due diligence to the level of risk they have identified.

EBA, 26 June 2017

EBA chair outlines balance sheet and resolution planning challenges

A speech has been given by EBA chair, Andrea Enria, on reshaping European banks, which discusses how far have we come and what remains to be done. The speech looks at balance sheet changes and resilience and viability of European banks, and the measures put in place to manage any future crisis.

EBA, 26 June 2017

INVESTMENTS AND FUNDS

Council of the EU provides update on EFSI extension proposal

A Presidency progress report has been published by the Council of the European Union on the proposal for a Regulation of the European Parliament and of the Council amending Regulations as regards the extension of the duration of the European Fund for Strategic Investments. The proposals also advise the introduction of technical enhancements for that Fund and the European Investment Advisory Hub.

Council of the European Union, 26 June 2017