EBA published final draft regulatory technical standards (RTS) specifying how institutions should determine exposures arising from derivative and credit derivative contracts not entered directly into with a client but whose underlying debt or equity instrument was issued by a client.
These draft RTS propose a methodology for the calculation of indirect exposures for different categories […]

EBA published its final draft Implementing Technical Standards (ITS) on the disclosure of indicators of global systemically important institutions (G-SIIs).
These standards help to identify which banks are GSIIIs and specify the formats and instructions in accordance with which G-SIIs disclose the information required under the Capital Requirements Regulation (CRR) and aim at ensuring […]

EBA launched a consultation on the criteria that competent authorities should use to assess a breach of the large exposure limits.

The consultation runs until 17 May 2021. It details the criteria to determine the period of time and the measures for institutions to return to compliance with those limits.

The guidelines clarify that any […]

ESMA has released a statement to highlight to retail investors the risks connected with trading decisions based exclusively on exchanges of views, informal recommendations and sharing of trading intentions through social networks and unregulated online platforms.

The statement highlights the following issues:

• Investors need to use reliable information for investment decisions;
• Increased risk of […]
  

European Council adopted targeted amendments to the Directive MiFID II and to the Prospectus Regulation to facilitate the recapitalisation of EU companies on financial markets in the wake of the COVID-19 crisis.

MiFID II amendments:

The MiFID II rules have been amended to simplify information requirements in a targeted manner, while safeguarding investor protection (for example, […]

EIOPA published its staff paper on measures to improve the insurability of business interruption  in light of pandemics.
Building on the Issues paper on shared resilience solutions for pandemics published in July, EIOPA analyses options relating to prevention measures to reduce losses, capital markets risk transfer, and multi-peril solutions for systemic risk. It also addresses […]

EBA launched a public consultation on its draft Implementing Technical Standards (ITS) on the information concerning the new prudential requirements that competent authorities will be required to disclose publicly for all types of investment firms authorised under MiFID.

The consultation runs until 11 May 2021. The information that competent authorities will have to disclose every […]

Recovery Fund: regulatory rules approved by EU Parliament

The European Parliament has adopted the text of the proposal for a regulation establishing a Recovery and Resilience Facility (Recovery Fund). The objective of the Recovery and Resilience Facility is to promote the economic, social and territorial cohesion of the Union by improving the resilience and growth capacity […]

ESMA has withdrawn the credit rating agency registrations of Fitch France, Fitch Polska, Fitch Italia and Fitch Ratings España following the merger with Fitch Ratings Ireland.

(only in Italian)

Banca d’Italia, con comunicato del 9 febbraio 2021, ha pubblicato le informazioni relative alle posizioni in derivati over-the-counter (OTC) a fine giugno 2020 per un campione […]