45 payment service providers (PSPs) have recently joined the TARGET Instant Payment Settlement (TIPS) platform. They come from 12 euro area countries and will help to ensure that citizens and firms can make instant payments anywhere in Europe. TIPS currently counts a total of 123 direct participants and 9133 reachable parties.

Please…

This framework aims to improve individuals' financial skills so that they can make sound decisions regarding their personal finances. It will support the development of public policies, financial literacy programmes and educational materials by Member States, educational institutions and industry. It will also support the exchange of good…

New players in finance include fintech and big tech firms with digital platforms in e-commerce, search or social media. Increasingly, incumbent financial institutions are also adopting platform-based business models. Digital platforms operate in multi-sided markets, using big data to match different groups of customers (eg users and providers…

The EBA published its quarterly Risk Dashboard together with the results of the autumn edition of the Risk Assessment Questionnaire (RAQ). The NPL ratio declined to 2.1% and the stage 2 ratio contracted to 8.7%. Return on equity (RoE) was reported higher than pre-pandemic levels at 7.7%. RAQ results show that around 50% of banks cover their…

This report, covering not only hedge funds, but also open-ended and closed-ended funds, is the first of its kind by IOSCO and is underpinned by a broad data survey to which 50 IOSCO members have contributed; representing almost $US50 trillion, or 67% of total asset under management of the global investment funds universe. It contains…

The European Commission has consulted with the Member States Expert Group on Sustainable Finance and the Sustainable Finance Platform on a draft complementary delegated act on the taxonomy covering certain gas and nuclear activities.

The EU taxonomy is designed to guide and mobilise private investment in activities needed to achieve…

The ESMA publishes the second Risk Dashboard for 2021, covering the third quarter of the year. ESMA maintains risk levels unchanged, at a high level, as the market environment remains defined by very high uncertainty, continued elevated asset valuations with risk of price corrections and abrupt shifts in risk premia.

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De Nederlandsche Bank has now published its supervision calendar in Digitaal Loket Toezicht  (DLT). The calendar provides an up-to-date overview of planned supervisory activities. The digital supervision calendar has been introduced for almost all supervised institutions, with the exception of those whose supervision is determined by the…

De Nederlandsche Bank publishes its IB Monitor 2021, which contains observations on information security and cyber risks and is based on supervisory investigations and questions within the Dutch financial sector.

The main observations from the research are

• The risk management cycle within institutions that focuses on…

Each year, DNB formulates general points for attention for the supervision of the various sectors. In addition, a number of points for attention are formulated for the specific supervision of investment firms and investment institutions in the Netherlands. In the case of investment firms and investment institutions, DNB will pay attention…