16 April 2014

Stuart Clark

Stuart Clark - Impendium Systems

259 | posts 304,106 | views 0 | comments

Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

European Commission sets its priorities for 2014

14 February 2014  |  691 views  |  0

The European Commission priorities for 2014 include implementing financial markets reforms, data transparency and promoting international compliance. 

The European Commission’s Internal Market and Services Directorate has published its management plan for 2014.  The priorities for work on financial services in 2014 include:

  • ensuring the full establishment of the banking union;
  • delivering G20 commitments relating to the regulatory framework for the financial sector with measures to address the urgent need for transparency and data in the shadow banking sector;
  • working on structural reform of the banking sector;
  • a review of the European system of financial supervision, including performing an evaluation of regulatory reforms since the crisis; and
  • promoting compliance of third-country and/or international provisions that apply to financial services.

The European Commission has also published a table containing details of legislative proposals and estimated dates for the publication of a number of pieces of legislation for the period 1 January 2014 to 31 December 2014.  This includes:

  • the framework for crisis management and resolution of financial institutions other than banks, due Q4 2014;
  • a communication/report on the review of the European System of Financial Supervision, due Q1 2014;
  • Solvency II Level 2 implementing measures, due Q2 2014; and
  • a Commission delegated regulation supplementing with regard to procedure rules for imposing fines or periodic penalty payments to trade repositories, due Q1 2014.

Related links: 

http://ec.europa.eu/dgs/internal_market/docs/management-plan_en.pdf

http://ec.europa.eu/atwork/pdf/forward_programming_2014.pdf

 

 

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Stuart

FCA publishes Hedge fund report

12 hours ago  |  230 views  |  0  |  Recommends 0 GroupFinancial Services Regulation

FCA GABRIEL reporting system ready for CRD IV submissions

21 hours ago  |  302 views  |  0  |  Recommends 0 GroupFinancial Services Regulation

BCBS finalises approach of derivatives-related transactions

14 April 2014  |  335 views  |  0  |  Recommends 0 GroupFinancial Services Regulation

CFTC analyses data sent to trade repositories

14 April 2014  |  491 views  |  0  |  Recommends 0 GroupFinancial Services Regulation

ESAs consults on supervision of financial conglomerates

11 April 2014  |  584 views  |  0  |  Recommends 0 GroupFinancial Services Regulation
name

Stuart Clark

job title

Product Development Director

company name

Impendium Systems

member since

2012

location

London

Summary profile See full profile »
Co-founded Impendium in 2006. Previously head of Client Services for Deutsche Banks top 100 cust...

Stuart's expertise

What Stuart reads
Stuart writes about

Who is commenting on Stuart's posts

Neil Crammond
Gary Wright