News & Analysis as of September 22, 2024

European Union › Supervision

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

EU Banks Must Prepare for More Effective Supervision

Jones Day on 6/5/2024

On May 28, 2024, the Chair of the Supervisory Board of the European Central Bank ("ECB"), Claudia Buch, announced the decision to reform the current process of annual review of credit institutions under direct ECB supervision...more

The European Green Bond Standard - The New Green Bond “Gold Standard”?

Latham & Watkins LLP on 11/9/2023

The European Green Bond Standard seeks to be the “gold standard” for green bonds and reinforce the EU’s position as the leading market for sustainable finance. With the adoption of the EU green bond standard (the EU GBS),...more

Generative AI and the EU AI Act – a closer look

A&O Shearman on 8/25/2023

When the European Commission first released its proposal for an Artificial Intelligence Act in April 2021, generative AI was far from being an immediate concern of regulators. That of course all changed with the recent surge...more

[Webinar] Pan-European anti-money laundering perspectives - October 13th, 11:00 am - 12:15 pm BST

Hogan Lovells on 10/8/2020

Join us for our exciting pan-European webinar on recent AML developments and the EC's new action plan on preventing money laundering. International experts will share insights on the direction of AML supervision and...more

Basel Committee on Banking Supervision Publishes Statement on Proportionate Implementation of Basel Framework

A&O Shearman on 12/11/2019

The Basel Committee on Banking Supervision has published a joint statement with the Basel Consultative Group on the proportionality of the implementation of the Basel Framework by the banks and jurisdictions to which it...more

UK Prudential Regulator Finalizes Supervisory Approach for New EU Securitization Framework

A&O Shearman on 11/30/2018

The U.K. Prudential Regulation Authority has published a Policy Statement setting out its approach to supervision under the new EU securitization framework that will take effect from January 1, 2019. The PRA consulted on its...more

European Central Bank Updates Guide to Management Body Fit and Proper Assessments

A&O Shearman on 6/12/2018

The European Central Bank has published an updated Guide to Fit and Proper assessments for the suitability of members of the management body and key function holders in significant institutions. The ECB is responsible for...more

Investment Funds Update Europe - Legal and regulatory updates for the funds industry from the key asset management centres and...

Dechert LLP on 4/6/2018

FCA Publishes a Closet Tracking Fund Webpage - The FCA published a new webpage on 14 March 2018, outlining its recent work on closet tracking funds. The FCA considers that closet tracking funds look like, and charge...more

Basel Committee on Banking Supervision Consults on Amending Pillar 3 Disclosure Requirements

A&O Shearman on 4/5/2018

The Basel Committee on Banking Supervision has published a consultation document on a technical amendment to the Pillar 3 disclosure requirements and the regulatory treatment of accounting provisions...more

European Commission Legislative Proposals for Enhanced Powers for European Supervisory Authorities and the European Systemic Risk...

A&O Shearman on 10/17/2017

The European Commission has published legislative proposals designed to strengthen and further integrate the supervisory framework of the European Union. The proposals build on contributions to the Commission's public...more

European Banking Authority Proposals for Designation and Supervision of Significant-Plus Branches

A&O Shearman on 1/11/2017

The European Banking Authority published for consultation draft Guidelines on supervision of significant branches. The proposed Guidelines set out how the consolidating supervisor, the home supervisor and the host supervisor...more

Basel Committee on Banking Standards Revises its Securitisation Framework

A&O Shearman on 8/12/2016

The Basel Committee on Banking Supervision published an amended Securitisation Framework to include alternative regulatory capital treatment for simple, transparent and comparable (STC) securitisations. The Securitisation...more

European Central Bank Announces Assessment of Four Banks in 2016

A&O Shearman on 5/13/2016

The Banking Supervision division of the European Central Bank announced that it is currently undertaking comprehensive assessments of four European Banks. The banks being assessed are Abanka d.d. (Slovenia), Akciju sabiedriba...more

ESMA Publishes First Supervisory Convergence Work Programme

Katten Muchin Rosenman LLP on 2/25/2016

On February 11, the European Securities and Markets Authority (ESMA) published its first Supervisory Convergence Work Programme for 2016 (SCWP). The SCWP supplements ESMA’s 2016 Annual Work Programme and sets out the...more

ECB Publishes Its SSM Supervisory Priorities for 2016

Orrick - Finance 20/20 on 1/13/2016

On January 6, the European Central Bank (“ECB”) published a paper setting out its supervisory priorities in relation to the banks it supervises under the Single Supervisory Mechanism (“SSM”). The ECB’s supervisory priorities...more

ESMA Publishes Final Report on Draft Rules Under MiFID II

Katten Muchin Rosenman LLP on 7/17/2015

On June 29, the European Securities and Markets Authority (ESMA) published its final report (Report) on draft rules (both draft implementing technical standards (ITS) and draft regulatory technical standards (RTS)) relating...more

EBA 2014 Annual Report

Orrick - Finance 20/20 on 6/23/2015

On June 15, 2015, the European Banking Authority (EBA) published its annual report for 2014. The report provides an overview of the EBA’s activities and achievements in 2014, including the development of the single rulebook...more

Joint Committee Report on Securitization

Orrick - Finance 20/20 on 5/19/2015

On May 12, 2015, the Joint Committee of the three European Supervisory Authorities (ESAs) published a report detailing its findings and recommendations regarding the disclosure requirements and obligations relating to due...more

Basel Publishes Assessment Reports for the European Union and United States

Katten Muchin Rosenman LLP on 12/18/2014

On December 5, the Basel Committee on Banking Supervision (Committee) published separate reports assessing the implementation of the Basel III capital framework in the United States and the European Union. The Committee...more

ESMA Reviews Supervisory Practices on MiFID Investor Information

Katten Muchin Rosenman LLP on 12/18/2014

On December 11, the European Securities and Markets Authority (ESMA) published a press release stating that it had conducted a review of how EU national regulators supervise conduct of business rules under the Markets in...more

ECB Speech on SSM Comprehensive Assessment and Future Supervision of Banks

Orrick - Finance 20/20 on 11/27/2013

On November 20, the European Central Bank (ECB) published a speech given on November 18 by Yves Mersch, ECB executive board member, on the ECB’s perspective on current issues relating to the European banking union....more

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European Union › Supervision

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