The Austrian Federal Economic Chamber has drawn up a "Leitfaden der Finanzwirtschaft zu Nachhaltigkeit" (Guide to Sustainability in the Financial Sector). It is intended to ensure a uniform understanding of the law, sometimes to present the…

As a result of rising inflation and interest rates, a trend reversal is taking place in the financial markets. The Financial Stability Committee (FSC) notes that it is important that this adjustment is gradual. In addition, there are currently concerns about the geopolitical situation that could exacerbate economic and financial vulnerabilities…

After years of increase, the number of reports to the Netherlands Authority for the Financial Markets (AFM) of misleading CFD providers fell sharply in the second half of 2021. The number of signals about possible misleading investments in cryptos and foreign currencies (forex) actually rose. This is stated in the new, half-yearly Signals…

The EFRAG Project Task Force on European Sustainability Reporting Standards (PTF-ESRS) has published four further working papers including two papers on social matters, and two papers on governance matters. In detail, the following papers were published:

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The ESMA Published its peer review report on the supervision of cross-border activities of investment firms. With this peer review, ESMA is also issuing Article 16 recommendations to the Cyprus Securities and Exchange Commission (CySEC), the first time ESMA has issued such recommendations to a National Competent Authority (NCA). ESMA…

In November 2020, the Chairs of the Financial Stability Board (FSB), the Committee on Payments and Market Infrastructures (CPMI) of the Bank for International Settlements, the International Organization of Securities Commissions (IOSCO) and of the FSB's Resolution Steering Group publicly committed to collaborate on and conduct further work on…

Due to the impacted calculation of the total exposure measure, as appropriate, the SRB will calculate notional final MREL targets based on the leverage ratio of institutions including central bank exposures. The SRB will communicate these notional targets to institutions affected by the relief measure as part of the 2021 resolution planning…

Delegates representing the 206 members of the Global Network and observer organisations, such as the IMF, the United Nations and the World Bank, met for four days of meetings. The event took place in a hybrid form with the majority of participants able to travel to meet in person in Paris due to gradual easing of COVID-19 related restrictions…

The rise of new forms of private money is reviving a long-standing debate on the appropriate balance between private and public interests in money and payments. The main aim of this paper is to explore an integrated policy analysis of various digital assets that may function as money: bank deposits, non-backed crypto’s, stablecoins and Central…

The February edition of the Spotlight on Markets Newsletter focuses on ESMA's Sustainable Finance Roadmap and its priorities, ensuring the coordinated implementation of the ESG mandate for 2022-2024. In its first Trends, Risks and Vulnerabilities (TRV) report of 2022, ESMA highlighted the risk of significant market corrections. In addition,…