Consob has ordered to be blacked out the following websites:

– “24tradex” ( websites www.24tradex.com and www.24tradex.co and related page https://client.fx-trade.tech);

– Trade Action Ltd ( website https://tradesactions.com and related page https://accounts.tradesactions.com);

– Renaissance Invest LTD ( website www.renaissanceinvestltd.net);

– “ProfitMarketsCFD” ( website www.profitmarketscfd.com and related page https://webtrader.profitmarketscfd.com);

– Notesco Limited ( website www.fxgiants.com and related page https://hub.fxgiants.com).

– “GDenlinea” ( website https://gdenlinea.net).

The number of websites blacked out since July 2019 has thus risen to 565.

( Only in Italian)

Con la Nota n. 17 del 09/12/2021, “Attuazione degli Orientamenti dell’Autorità bancaria europea “Monitoraggio della soglia e altri aspetti procedurali relativi alla costituzione di un’impresa madre nell’UE intermedia ai sensi dell’articolo 21 ter della direttiva 2013/36/UE” (EBA/GL/2021/08)”, la Banca d’Italia ha dato attuazione agli Orientamenti EBA “Monitoraggio della soglia e altri aspetti procedurali relativi alla costituzione di un’impresa madre nell’UE intermedia ai sensi dell’articolo 21 ter della direttiva 2013/36/UE” (EBA/GL/2021/08).

Gli Orientamenti EBA assumono dunque valore di orientamenti di vigilanza e si rivolgono ai seguenti destinatari:

  • diretti: banche meno significative e SIM (escluse le SIM di classe 1, ossia quelle che soddisfano i requisiti previsti dall’articolo 4, paragrafo 1, punto l), lettera b), del regolamento (UE) n. 575/2013 (CRR) con sede legale in Italia che sono filiazioni di gruppi di paesi terzi, come definiti nell’articolo 3, paragrafo 1, punto 64), della direttiva 2013/36/UE (CRD); succursali di gruppi di paesi terzi stabilite e autorizzate in Italia conformemente alla direttiva 2013/36/UE, alla direttiva 2014/65/UE (MiFID II) o al regolamento (UE) n. 600/2014 (MiFIR);
  • altri soggetti: società di partecipazione finanziaria e società di partecipazione finanziaria mista, come definite nell’articolo 4, paragrafo 1, rispettivamente punto 20 e punto 21, del regolamento (UE) n. 575/2013, per le quali la Banca d’Italia è autorità competente all’esercizio della vigilanza su base consolidata, appartenenti a gruppi di paesi terzi.

The ECB has published an update of its guidance on the to fit and proper assessments assessments of members of the management body, both in their management function and in the supervisory function of all significant institutions under the direct supervision of the ECB.
The guide also addresses the assessment of key function holders and managers of branches of significant institutions established in other EU Member States or in third countries.

ESMA has published the 2021 ESEF XBRL taxonomy files and an update to the ESEF Conformance Suite to facilitate implementation of the ESEF Regulation.

EBA has put out for public consultation a proposal for Guidelines on the use of remote client onboarding solutions and compliance with customer due diligence policies and processes.
The Guidelines set out the steps financial sector operators should take to ensure safe and effective practices of remote client onboarding solutions, in line with applicable AML/CFT legislation and European data protection legislation.
The consultation will end on 10 March 2022.

EBA has published  its final report on the draft Regulatory Technical Standards (RTS) amending its  RTS on credit risk adjustments in the context of the calculation of the Risk Weight (RW) of defaulted exposures under the Standardised Approach (SA) of credit risk.

The proposed amendments follow up on the European Commission’s Action Plan to tackle Non-Performing Loans (NPL) in the aftermath of the COVID-19 pandemic, which indicated the need for a revision of the treatment of purchased defaulted exposures under the SA.

This revision is necessary to ensure that the prudential framework does not create disincentives to the sale of non-performing assets by banks.

EIOPA has published its digital transformation strategy, to ensure a systematic, balanced and holistic approach to the technological transformation of the European insurance and pensions markets and their supervision that is currently underway.

EIOPA has identified five key long-term priorities, which will guide its contributions on digitalisation topics:

  • leveraging on the development of a sound European data ecosystem;
  • supporting Artificial Intelligence and promoting financial inclusion;
  • ensuring a forward looking approach to financial stability and resilience;
  • realising the benefits of the European single market;
  • enhancing the supervisory capabilities of EIOPA and national competent authorities.

EIOPA has launched a consultation on the application guidance on running climate change materiality assessment and using climate change scenarios in the Own Risk and Solvency Assessment (ORSA).

The (re)insurance industry will be impacted by climate change-related physical and transition risks. Therefore, EIOPA believes it is important to encourage a forward-looking management of these risks to ensure the solvency and viability of the industry.

EIOPA’s consultation gives general insights in the ORSA where undertakings have the possibility to address climate change risks and provides examples using both dummy non-life and life companies, which will help to design the steps for the materiality assessment and to run climate change scenarios.

The consultation will end on 10 February 2022.