1. Bank regulation -
1.1 PRUDENTIAL REGULATION
a) General -
(i) EU -
EBA: Opinion on measures in accordance with Article 458 CRR following a notification by the De Nederlandsche Bank -
Status: Final -
The EBA has...more
9/4/2024
/ Banks ,
Capital Markets ,
Commission Delegated Regulation ,
EMIR ,
EU ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
Investment ,
Regulatory Agenda
1. Bank regulation -
1.1 Prudential Regulation -
(a) General -
(i) International -
BCBS: Consultation on report regarding various technical amendments and FAQs -
Status: Consultation -
Deadline for the submission of...more
8/6/2024
/ Anti-Money Laundering ,
Artificial Intelligence ,
Banking Sector ,
Capital Markets ,
Commission Delegated Regulation ,
Digital Assets ,
EU ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
Investment Funds ,
MiFID ,
MiFIR ,
Payment Systems ,
Prudential Standards ,
Sustainable Finance
On 14 May 2024, ESMA published its final guidelines on funds’ names using ESG or sustainability-related terms (the Guidelines).
As a result, the use of certain environmental, social and governance (ESG) or...more
7/15/2024
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Closed-End Funds ,
Environmental Social & Governance (ESG) ,
EU ,
European Securities and Markets Authority (ESMA) ,
Fund Managers ,
Investment ,
Investment Funds ,
Investment Management ,
Investors ,
New Guidance ,
Regulatory Reform ,
Regulatory Requirements ,
UCITS ,
UK
New EU legislative requirements will reshape how non-EU (including European Economic Area) banks service EU clients on a cross-border basis. In this note we summarise the new regime, its implications for firms providing...more
The Regulation (EU) 2023/1114 on Markets in Crypto-assets (MiCAR) has further expanded the panel of regulated entities by introducing the regulatory status of crypto-asset service providers (CASPs)....more
6/17/2024
/ Corporate Governance ,
Cryptoassets ,
Disclosure Requirements ,
EU ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Fund Managers ,
Investment Management ,
Regulatory Agenda ,
Regulatory Requirements
1. Bank regulation-
1.1 Prudential regulation-
(a) General-
(i) International-
BCBA: Basel III monitoring report-
Status: Final-
BCBS has published its latest monitoring report setting out the impact of the Basel III...more
4/2/2024
/ Anti-Money Laundering ,
Artificial Intelligence ,
Banking Regulators ,
Banking Sector ,
Capital Markets ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
Investment ,
Investment Firms ,
Investment Funds ,
MiFIR ,
Risk Management
The text of the Directive amending the Alternative Investment Fund Managers Directive (AIFMD) (AIFMD II) was published on 26 March 2024 and will enter into force on 15 April 2024.
AIFMD II introduces, among other changes,...more
1. Bank regulation -
1.1 Prudential regulation -
(a) General -
(i) EU -
ECB: Memorandum of Cooperation between ECB and CAs on third-country bank supervision -
Status: Final -
The ECB has published a Memorandum of...more
3/4/2024
/ Anti-Money Laundering ,
Banking Sector ,
Banks ,
Capital Markets ,
Cybersecurity ,
Disclosure Requirements ,
EMIR ,
EU ,
Financial Regulatory Reform ,
Financial Services Industry ,
Investment Funds ,
Investment Management ,
MiFID ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Reporting Requirements
To avoid potential risks to investor protection, as well as to financial stability within the European single market, the Regulation on Markets in Crypto-assets (MiCAR) is about to introduce a harmonised and dedicated set of...more
In our annual financial services Horizon Scanning webinar, our regulatory team provided an overview of upcoming and expected changes for UK firms.
Partners from our UK team considered regulatory updates on the horizon for...more
1. Bank regulation -
1/1 Prudential regulation -
(a) General -
(i) EU -
EBA: Consultation on amendments to draft RTS on prudent valuation under Article 105(14) of the CRR -
Status: Consultation -
Deadline for the...more
The EU is harmonising the rules on the prudential supervision of EU branches of non-EU banks under CRD VI. The new EU-wide third country branch regime will introduce minimum requirements including capital and liquidity...more
1/26/2024
/ Banking Sector ,
Capital Markets ,
Capital Requirements ,
Capital Requirements Regulation (CRR) ,
Cross-Border ,
EU ,
European Banking Authority (EBA) ,
Governance Standards ,
Grandfathering Rules ,
Intergovernmental Agreements ,
Liquidity ,
NCAs ,
Outsourcing ,
Recordkeeping Requirements ,
Reporting Requirements ,
Third Country Entities (TCEs)
Final provisions on cross-border banking services in the EU published -
CRD VI will bring in uniform minimum prudential requirements for third country branches providing banking services in the EU and, more importantly,...more
1/26/2024
/ Banking Sector ,
Basel III ,
Capital Requirements Regulation (CRR) ,
Credit Institutions ,
Cross-Border ,
EU ,
European Commission ,
Final Rules ,
Grandfathering Rules ,
Investment ,
Jurisdiction ,
Liquidity ,
Luxembourg ,
MiFID ,
New Rules ,
Prudential Standards ,
Reverse Solicitation
1. Bank regulation -
1.1 Prudential regulation -
(a) General -
(i) EU -
EBA: Roadmap on strengthening the Prudential framework -
Status: Final -
The EBA has published its roadmap on the Banking Package, which...more
1/10/2024
/ Anti-Money Laundering ,
Banks ,
Capital Markets ,
Cybersecurity ,
EMIR ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Investment Firms ,
Investment Funds ,
MiFID ,
MiFIR ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Remuneration ,
Risk Management
The huge expansion of crypto-assets over recent years and the popularity of their underlying technology (distributed ledger technology (DLT) or blockchain) have come with their share of challenges, including a significant...more
12/15/2023
/ Blockchain ,
Cryptoassets ,
Cryptocurrency ,
Distributed Ledger Technology (DLT) ,
EU ,
Financial Markets ,
Financial Regulatory Reform ,
Regulatory Agenda ,
Stablecoins ,
UK ,
Virtual Currency
1. Bank regulation -
1.1 Prudential regulation -
The ESRB has published a speech by Christine Lagarde, President of the ECB and Chair of the ESRB, on its first general warning about financial stability risks that it published...more
12/4/2023
/ Anti-Money Laundering ,
Banking Sector ,
Banks ,
Basel Committee on Banking Supervision (BCBS) ,
Cybersecurity ,
EMIR ,
ESRB ,
EU ,
European Banking Authority (EBA) ,
FATF ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Reporting ,
Investment Firms ,
Proposed Regulation ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Reporting Requirements ,
Risk Management
The EBA has published the European Supervisory Examination Programme (ESEP) for 2024, which identifies key topics for heightened supervisory attention across the EU. The EBA selected three key topics for supervisory attention...more
Our monthly regulatory newsletter monitors all relevant developments regarding European regulatory law in English language.
Furthermore, we produce detailed briefings to cover key developments in the field of financial...more
9/5/2023
/ Anti-Money Laundering ,
Capital Markets ,
Code of Conduct ,
EU ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
Financial Services Industry ,
Investment Firms ,
Investment Funds ,
Investment Management ,
MiFID ,
MiFIR ,
Regulatory Agenda ,
Regulatory Oversight ,
Risk Management
Since the beginning of the Brexit transition period, developments in both the UK and EU have impacted the MiFID rules in various ways.
In the UK, there have been changes under the EUWA on-shoring process; “quick-fix”...more
The Regulation on Markets in Crypto-assets (MiCAR) seeks to regulate a broad range of crypto-related products and services that do not currently fall within the scope of existing EU financial services legislation. It does not...more
The Council of the EU has announced that it has reached provisional political agreement with the EP on the proposed Directive amending CRD IV as regards supervisory powers, sanctions, third-country branches and ESG risks (CRD...more
The European Commission has chosen the path of regulation for crypto-assets. This is with the aim of supporting innovation and fair competition, and ensuring a high level of consumer and investor protection and market...more
The EBA has launched a consultation on two RTS and ITS on the functioning of supervisory colleges under the CRD. These new technical standards will ensure that the Level 2 framework for the functioning of supervisory colleges...more
6/1/2023
/ Anti-Money Laundering ,
Artificial Intelligence ,
CCPs ,
Cybersecurity ,
E-Money ,
ELTIF ,
EU ,
European Banking Authority (EBA) ,
European Central Bank ,
European Securities and Markets Authority (ESMA) ,
Financial Regulatory Reform ,
FinTech ,
Investment Firms ,
Remuneration ,
Securities Regulation ,
Securitization ,
Single Supervisory Mechanism
Our monthly regulatory newsletter monitors all relevant developments regarding European regulatory law in English language.
...more
Our monthly regulatory newsletter monitors all relevant developments regarding European regulatory law in English language.
...more