• ESMA Newsletter #18

    Report on Wirecard, Share Trading Obligation and Derivatives Trading Obligation statements and EMSA first statistical report on EU securities markets

    On 25 October 2020 the ESMA published its 18th Newsletter of 2020.

    The latest Newsletter focuses on the published Report on Wirecard as well as on Share Trading Obligation and Derivatives Trading Obligation statements. In addition, ESMA presents its first statistical report on the securities markets of the European Union, which was…

  • Focus on the future of banking supervision in a changing world

    International banking supervisory community meets virtually

    From 19 to 22 October 2020, approximately 450 senior banking supervisors and central bankers met virtually, due to the 21st International Conference of Banking Supervisors (ICBS), hosted by the Office of the Superintendent of Financial Institutions (OSFI) and the Bank of Canada.

    Delegates discussed a wide range of issues related to the…

  • EBA reports on the Benchmarking of National Loan Enforcement Frameworks

    Submission of the Call for Advice by the European Commission

    On 18 November 2020, the European Banking Authority (EBA) submitted its final report on the Call for Advice (CfA) on the Benchmarking of National Loan Enforcement Frameworks, that was asked for by the European Commission on 7 January 2019. The EBA was invited to conduct an ad hoc data collection from a sample of institutions, covering all EU…

  • Second ESMA Risk Dashboard 2020

    ESMA sees potential for sudden reversal in investors' risk assessment

    On 11. November 2020, the European Securities and Markets Authority (ESMA) published its second Risk Dashboard for 2020 which sees a continued risk of decoupling between asset valuations and economic fundamentals.

    Please find the entire Risk Dashboard…

  • DRSC statement to the IFRS IC

    Statement on the Agenda Decision on Sale and Leaseback of an Asset in a Single-Asset Entity (IFRS 10/16)

    On 06 November 2020, the DRSC submitted a statement to the IFRS IC regarding the preliminary agenda decision on Sale and Leaseback of an Asset in a Single-Asset Entity (IFRS 10/16).

    Since the DRSC considers the result of the preliminary decision to be appropriate, it generally agrees with the agenda decision of the IFRS IC. However,…

  • Correspondent banking trends and developments in 2019

    ECB published results of the eleventh correspondent banking in euro survey

    On 06 November the ECB published its eleventh survey on correspondent banking in euro for 2019. 

    The findings from the 2019 survey show a decrease in the average size of transactions processed compared to the previous 2016 survey. The decrease in the average transaction size is reflected in a 37% increase in the average daily volume and…

  • New launch date for the implementation of SCoRE

    AMI-SeCo decided rescheduling of implementation from November 2022 to November 2023

    The implementation of the Single Collateral Management Rulebook for Europe (SCoRE) Standards has been postponed from November 2022 to November 2023, following the earlier decision to reschedule the launch of the Eurosystem Collateral Management System which will now take place one year later in November 2023.

    Please find the entire…

  • FMA Guideline on Sustainability

    Valid, standardized and comparable data as a basic prerequisite for sustainable financial services

    With a broadly consulted and published guideline on dealing with sustainability risks, the FMA intends to make a significant contribution to transparency and awareness raising for financial service providers. With the support of the guide, financial market participants should prepare themselves for the applicability of the EU Disclosure and…

  • European Parliament’s Banking Union reports in 2015 - 2019

    Overview of the European Parliament’ s expectations and priorities for the Banking Union

    The European Parliament published a briefing that provides an overview of the European Parliament’s expectations and priorities for the Banking Union as set out in its annual Banking Union reports. The first section of the briefing provides a short overview of the 2019 Banking Union report, the ECB Banking Supervisor’ s response, as well as…

  • Market turbulence in the NBFI sector

    FSB announces investigations

    The Regional Consultative Group (RCG) Europe of the FSB held a virtual meeting on November 4 on financial stability in the era of COVID-19.

    Agenda items included the resilience of banks to ensure lending to the real economy and weaknesses in the intermediation of non-banking financial activities in the context of liquidity imbalances,…