In this issue:
- Regulatory Capital
- Bank Prudential Regulation
- Financial Market Infrastructure
- Financial Services
- Excerpt from Derivatives:
ESMA Opinion on Voting Procedures for CCP Colleges -
On 28 May 2014, the European Securities and Markets Authority (“ESMA”) published an opinion on the voting procedures for CCP colleges under the European Market Infrastructure Regulation (“EMIR”). EMIR requires the national regulator of a CCP applying for authorization under EMIR to establish a CCP college to assist in the assessment of an application. ESMA’s opinion provides further details on the voting procedures of those CCP colleges so as to supplement the detail not included in EMIR. ESMA’s opinion is addressed to national regulators and aims to ensure consistent supervisory practices across the EU for CCP colleges.
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Topics: Banks, Capital Markets, Capital Requirements, Compliance, Derivatives, EMIR, ESMA, EU, European Banking Authority, Financial Markets, Financial Regulatory Reform, Infrastructure, Prudential Regulation Authority, SEC, UK
Published In: Finance & Banking Updates, International Trade Updates, Securities Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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