Consob  has ordered the blackout of the following websites  that abusively offer financial services:

• Vibeinv Invest Limited (website www.vibeinv24.com);
• Prim Global Reach Ltd – Primeatrade Limited – FX Publications Inc. (website https://primea-trade24.com and related page https://client.primea-trade24.com);
• Fundiza LTD (website www.fundiza.org);
• Swissqb247 (website www.swissqb247.net and pages https://client.swissqb247.net and https://webtrader.swissqb247.net);
• Magna Emporium Group Ltd (website https://fxmagna.com and related page https://client.fxmagna.com).

The number of websites […]

Bank of Italy has released one new “Working paper”:

• No. 1354 – Permanent versus transitory income shocks over the business cycle

and four new “Occasional Papers”:

• No. 650 – Zombie firms and the take-up of support measures during Covid-19
• No. 651 – Aggregate dynamics and microeconomic heterogeneity: the role of vintage technology

ESMA has published an update to the Q&A on the application of the regime of Regulation (EU) 2020/1503 European crowdfunding service providers for business.

In particular, the update covers:

• clarifications on the terms business activities with reference to the definition of a crowdfunding project;
• the definition of crowdfunding service;
• the possibility for crowdfunding service providers […]
  

( Only in Italian)

Con comunicato stampa del 19 novembre 2021, Consob e Banca d’Italia informano che si è tenuto  il primo forum tra il Presidente e altri componenti dell’Arbitro per le Controversie Finanziarie (ACF) e i Presidenti membri del Collegio di Coordinamento dell’Arbitro Bancario Finanziario (ABF).

Attraverso il forum ACF/ABF si dà concreta attuazione […]

EBA and ESMA have put out for public consultation a proposal for Joint Guidelines on common procedures and methodologies for the Supervisory Review and Evaluation Process (SREP).

The draft guidelines set out the process and criteria for the assessment of key SREP elements including:

• business model;
• governance arrangements and firm-level controls;
• assessment of capital risks […]
  

The Basel Committee on Banking Supervision (BCBS) has released for public consultation Guidelines for the effective management and supervision of climate-related financial risks.

The BCBS is adopting a new approach to addressing climate-related financial risks for the global banking system. This includes assessing and considering disclosure, supervisory and regulatory measures.

The aim of […]