• The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published a Report on the cross-border supervision of retail financial services. In this report, the ESAs identified the main issues that national competent authorities (NCAs) face when supervising financial institutions that provide cross-border retail…

  • Big Tech in Finance

    Opportunities and Risks

    The entry of large technology firms ("big techs") such as Alibaba, Amazon, Facebook, Google and Tencent into financial services, including payments, savings and credit, could make the sector more efficient and increase access to these services, but also introduces new risks, the Bank for International Settlements (BIS) writes in its Annual…

  • IFRS 9

    Archiving radar profile

    Costs of implementation for the IFRS 9 introduction are caused by IT system adaptions in the accounting and risk management areas. The latest versions of the archived radar profiles can be found in the edition as an additional document in the following monitor profile for IFRS 9 - IAS 39…

  • New UPI Service Provider

    FSB designates DSB as Unique Product Identifier (UPI) Service Provider

    The FSB reports that a UPI will be assigned to an over-the-counter (OTC) derivatives product and used for identifying the product in transaction reporting data. This will enable authorities to aggregate data on OTC derivatives…

  • New Credit Rating Agency

    ESMA registers Beyond Ratings SAS as a CRA under the CRA Regulation

    The CRA Regulation ensures that credit ratings issued in the EU meet minimum standards of quality, transparency and independence by providing that only companies registered by ESMA as CRAs may lawfully issue credit ratings.

    To be registered as a CRA, a company must be able to demonstrate to ESMA that it complies with the requirements of…

  • SREP 2018

    ECB Banking Supervision publishes results

    The European Central Bank (ECB) published the aggregate outcome of its 2018 Supervisory Review and Evaluation Process (SREP). The SREP is based on EBA Guidelines. To view the guidelines in our zeb.regulatory.monitor, please click here.

    The overall SREP demand for common equity tier…

  • Crypto-assets

    FSB publishes regulators directory

    The Financial Stability Board (FSB) publishes a directory of crypto-assets regulators. The directory provides information on the relevant regulators and other authorities in FSB jurisdictions and…