BANKING

Maltese Presidency of Council of EU work programme for 1 January to 30 June 2017: financial services aspects

On 9 January 2017, the Maltese Presidency of the Council of the EU published its work programme for 1 January to 30 June 2017. The main items in the programme of interest to financial services practitioners relate to capital markets union, venture capital, banking, EMIR. MLD5. The Maltese Presidency of the Council of the European Union, 9 January 2017

Revised cross-industry cash ISA transfer guidelines

The British Bankers' Association (BBA) published a revised version of the cross-industry cash ISA to cash ISA transfer guidelines. The BBA, the Building Societies Association (BSA) and the Tax Incentivised Savings Association (TISA) have agreed that a minimum of 80% of transfers will be carried out within 7 working days. The cash ISA transfer process set out in the guidelines reflects providers' legal requirements to complete transfers within fifteen working days. British Bankers' Association, 9 January 2017

INSURANCE

EIOPA Publishes Monthly Technical Information for Solvency II Relevant Risk Free Interest Rate Term Structures – End-December 2016

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published technical information on the relevant risk free interest rate term structures (RFR) with reference to the end of December 2016. European Insurance and Occupational Pensions Authority, 9 January 2017

Monthly update of the symmetric adjustment of the equity capital charge for Solvency II - December 2016

The European Insurance and Occupational Pensions Authority (EIOPA) has published the technical information on the symmetric adjustment of the equity capital charge for Solvency II. European Insurance and Occupational Pensions Authority, 9 January 2017