zeb.RegulatoryNews
zeb.RegulatoryNews
The integration of technology, finance and services is rapidly changing the banking landscape, as big techs, fintech firms, non-bank financial institutions as well as incumbent banks take up stakes in virtual banking. New technology-driven models exploit the expanding data footprints of individuals and firms to generate information capital and…
DNB expects supervised institutions to include information such as the Pandora Papers in the ongoing monitoring of their clients and the determination of the risk profile of these clients (in accordance with the CDD provisions in the Wwft and Wtt 2018), to conduct additional research if necessary and to take adequate measures. DNB also expects…
This article assesses proposed reforms to the Money Market Funds (MMF) Regulation to enhance the resilience of the sector. Specifically, the article provides a rationale for requiring private debt MMFs to hold higher levels of liquid assets, of which a part should be public debt, and considers the design and calibration of such a requirement.…
The agenda of the IASB's video conference on 25 January 2022 includes the topics:
Following the 2007–09 financial crisis, big techs and fintechs started to offer financial services without the need for or interest in a banking license. More recently, tech firms have obtained banking licences in several jurisdictions to access low-cost deposits and to gain the credibility a banking licence affords. These developments have…
The topic of sustainability is on everyone's lips and has become unavoidable, for private individuals as well as for all economic participants. This is especially true for an industry that can set a clear example with its investment volume. But sustainability risks will also play an increasingly important role for the liabilities side of…
The ESMA has published its annual report on the application of accepted market practices (AMPs) in accordance with the Market Abuse Regulation (MAR). The number of liquidity contracts and the volumes traded under the AMPs has decreased for the four NCAs that have them in place (CNMV, CMVM, CONSOB and AMF) from June 2020 to June 2021, with only…
In the new report entitled “Will video kill the radio star?”, the ESRB’s Advisory Scientific Committee (ASC) takes stock of the many forces currently affecting Europe’s banking system (including climate change, the growth of non-banks, overbanking and the COVID-19 pandemic) and looks at how digitalisation could change the way that financial and…
Project Helvetia Phase II was concluded in January 2022. It demonstrated that a wholesale central bank digital currency (wCBDC) can be integrated with existing core banking systems and processes of commercial and central banks. Furthermore, it showed that issuing a wCBDC on a distributed ledger technology (DLT) platform operated and owned by a…
The total carbon footprint of the Bitcoin network increased by about 25% in 2020 while the number of transactions decreased by 6%. This translates to a climate impact of about 402 kg of CO2 per Bitcoin transaction in 2020, according to preliminary results of a new methodology developed by DNB to measure Bitcoin's carbon footprint. It is…