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.

Retired Member 

FATCA website updated and open for registration 19th August

The FATCA web page have been redesigned and updated. Additions include: a new landing page for US financial institutions that addresses their FATCA responsibilities; and information for governments interested in Intergovernmental Agreements (IGAs). A link for the FATCA registration website will be added in August, when the registration sy

17 September 2013

Retired Member 

SEC signs MoUs with EU and EEA member states

SEC agrees asset management supervisory cooperation agreements with EU and EEA member-state regulators The US Securities and Exchange Commission (SEC) has announced that it had signed memoranda of understanding (MoUs) with 25 EU and 3 EEA member-state regulators as part of long-term strategy to improve the oversight of certain entities in the asset...

16 September 2013

Retired Member 

G20- further work is needed on cross border derivative

The G20 finance ministers and central bank governors met in Moscow on 19-20 July 2013 and issued a communiqué following the meeting noting, among other things, the continued progress in implementing over-the-counter derivatives reforms in particular, the recent EU- US announcement on cross-border issues as a major constructive step forward, which ...

16 September 2013

Retired Member 

ISDA launches Guidance Note

ISDA publishes EMIR Portfolio Reconciliation, Dispute Resolution and Disclosure Protocol and Reporting Guidance Note The International Swaps and Derivatives Association, Inc. (ISDA) has announced the launch of a Guidance Note which is designed to allow swap market participants to simultaneously amend the terms of an agreement covered by the Protoco...

13 September 2013

Retired Member 

CRD 4- methods under Financial Conglomerates Directive

The Joint Committee of the three European Supervisory Authorities has published draft Regulatory Technical Standards (RTS) on the consistent application of the calculation methods described in the Financial Conglomerates Directive covering the assessment of the financial situation of credit institutions, insurance undertakings and investment firm

12 September 2013

Retired Member 

EBA published technical standards developed with the CRR

The European Banking Authority (EBA) has published the following draft technical standards developed in connection with the Capital Requirements Regulation (CRR): Implementing Technical Standards on disclosure for own funds which are designed to enhance transparency on the regulatory capital held by European institutions. Article 433 of the CRR r...

12 September 2013

Retired Member 

EBA published final draft ITS on supervisory reporting

The European Banking Authority (EBA) published today its final draft Implementing Technical Standards (ITS) on supervisory reporting. The ITS set out reporting requirements related to own funds, financial information, losses stemming from lending collateralised by immovable property, large exposures, leverage ratio and liquidity ratios. The draf

11 September 2013

Retired Member 

EBA recommendation on preservation of Tier 1 capital

The European Banking Authority (EBA) has published a recommendation on the preservation of core Tier 1 capital during the transition to the Capital Requirements Directive/Capital Requirements Regulation (CRD IV) framework. The EBA recommends that competent authorities should by 30 June 2012: ensure that banks maintain a capital floor in terms of

10 September 2013

Retired Member 

BCBS consults on Liquidity Coverage Ratio

The Basel Committee on Banking Supervision (BCBS) has published a consultation paper on Liquidity Coverage Ratio (LCR) disclosure standards. It is considered that public disclosure improves transparency, reduces uncertainty in the markets and strengthens market discipline. It is important that banks adopt a common disclosure framework to help m

10 September 2013

Retired Member 

EBA publishes questions and answers on FINREP

The European Banking Authority (EBA) has published answers to the following questions regarding the single rulebook: whether lending institutions must obtain a legal opinion in order to rely on their credit protection techniques for the purposes of the Capital Requirements Regulation (CRR) and the form such an opinion should take (Q 23); the appli...

09 September 2013