BANKING

European Commission: Consultation paper on Capital Markets Union

The European Commission has published a consultation paper seeking views on revisions to the Capital Markets Union (CMU), together with a factsheet on consultation. The Commission intends to publish its mid-term review of the CMU action plan in June 2017. Consultation closes: 17 March 2017.

European Commission, 20 January 2017

Interview with Benoît Cœuré, Member of the Executive Board of the ECB

The ECB has published an interview with Benoît Cœuré conducted at Davos. The interview covers inflation and growth in Europe, as well as Brexit.

European Central Bank, 20 January 2017

INVESTMENTS AND FUNDS

European Commission amends phase-in of margin requirements under EMIR

The European Commission has adopted Delegation Regulation (C(2017) 149 final) amending Delegated Regulation (EU) 2016/2251, which supplemented EMIR with regulatory technical standards (RTS) on risk mitigation techniques for uncleared OTC derivative contracts. The correcting Delegated Regulation adds two new paragraphs to Article 37, which specifies the phase-in schedule for variation margin requirements

European Commission, 20 January 2017

AFME publishes MiFID II exchange questionnaire

Through collaboration with major European Equities Exchanges, the Association for Financial Markets in Europe (AFME) has published a questionnaire which provides a standardised set of questions that can be sent by MiFID II investment firms to EU equities exchanges that are within the scope of MiFID II.

Association for Financial Markets in Europe, 20 January 2017