26 Results
Mete Feridun Chair at EMU Centre for Financial Regulation and Risk
The UNEP FI's Principles for Responsible Banking (PRB) aim to mobilize private finance towards the United Nation's Sustainable Development Goals (SDGs) and the Paris Climate Agreement (PCA) goals to address the nature, climate and pollution crises. The UNEP FI's implementation framework prescribes explicit accountabilities for signatory banks, req...
01 June 2023 /regulation /sustainable Sustainable compliance
Investment firms have very different business models and risk profiles to credit institutions. They facilitate savings and investment flows by providing professional services such as investment advice, portfolio management, trading in financial instruments and fund raising for companies. As they do not accept deposits or provide loans, they are ge...
18 May 2023 /regulation /markets Financial Services Regulation
The recent approval of the Regulation on Markets in Crypto-Assets (MiCA) by the European Parliament marks a significant milestone in the regulation of the crypto-assets industry in Europe and beyond. MiCA will establish the first harmonized and comprehensive regulatory framework for crypto-assets and related services and activities in Europe, whic...
07 May 2023 /crypto Cryptocurrency Insights
The Fundamental Review of the Trading Book (FRTB) was introduced into the prudential framework of the EU by Capital Requirements Regulation (CRR 2) as a regulatory reporting requirement in 2020. The final draft Implementing Technical Standards (ITS) on the FRTB reporting requirements went into force in 2021 as part of version 3.1 of the EBA report...
09 April 2023 /regulation /wholesale Banking Regulations
The European Banking Authority’s (EBA) final regulatory products with respect to the Investment Firms Directive (IFD) published on 21 July 2022 are expected to harmonise the supervisory practices regarding the supervisory review and evaluation process (SREP) of investment firms. The new regime spans a broad range of prudential areas ranging from c...
13 September 2022 /regulation Financial Services Regulation
The Basel Committee on Banking Supervision's (BCBS) Standardised Approach to Counterparty Credit Risk (SA-CCR) was introduced to improve the risk sensitivity of capital framework for derivatives transactions without creating undue complexity for banks. One of the Committee’s key objectives in formulating the SA-CCR standard was to design an appro...
06 September 2022 /regulation /markets Banking Regulations
Having addressed the shortcomings in its current regulatory framework on disclosure of non-financial information, the European Union (EU) is once again at the forefront of the international race to sustainability standards and the transition to a sustainable economy. The provisional political agreement on the Corporate Sustainability Reporting Di...
28 August 2022 /regulation /sustainable Sustainable compliance
Digital finance has no doubt transformed the traditional way of providing banking and financial services, enabling greater access to financial services, offering wider choice and increasing efficiency of operations. In the European Union (EU) the use of innovative technologies in the financial sector is facilitating changes to value chains, that d...
07 August 2022 /regulation /crypto Blockchain Geek
The European Commission's (EC) Action Plan on sustainable finance is a major policy objective by the European Union (EU) to promote sustainable investment. As per the plan, banks are expected to finance sustainable economic activities to trasition to a carbon neutral economy. The plan was introduced in March 2018 in response to the Paris Agreemen...
29 May 2022 /regulation /sustainable Banking Regulations
The Basel Committee’s revised Pillar 3 framework of 2015 was intended to address shortcomings in the consistency and comparability of firms’ regulatory disclosures. Introducing standardised disclosure requirements under a tabular format for qualitative information and more granular disclosure requirements for quantitative information, the Committe...
12 February 2020 /regulation Banking Regulations
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