EIOPA calls upon national supervisory authorities to minimise the detriment to insurance policyholders and benificiaries in case of a no withdrawal agreement between the United Kingdom and the European Union
Frankfurt, 19 February 2019 – Today, the European Insurance and Occupational Pensions Authority (EIOPA) issued Recommendations for the insurance sector in light of the United Kingdom (UK) withdrawing from the European Union without a withdrawal agreement. [...]
Brexit: Bank of Italy calls on UK financial institutions operating in Italy
[Newsflash n. 60] On 19 February 2019 the Bank of Italy published a Call on British financial institutions (banks, payment institutions and e-money institutions) that currently provide services in Italy via branches, under the freedom [...]
ESMA to recognise three UK CCPs in the event of a no-deal Brexit
The European Securities and Markets Authority (ESMA) has today announced that in the event of a no-deal Brexit, three central counterparties (CCPs) established in the United Kingdom (UK) – LCH Limited, ICE Clear Europe Limited [...]
EIOPA welcomes agreement on a Pan-European Personal Pension Product
The European Insurance and Occupational Pensions Authority (EIOPA) welcomes the agreement reached by the European Parliament and the Members States on the proposal for a Pan-European Personal Pension Product, the PEPP. Gabriel Bernardino, Chairman [...]
ESMA prepares for no-deal Brexit
ESMA AGREES NO-DEAL BREXIT MOUS WITH THE BANK OF ENGLAND FOR RECOGNITION OF UK CCPS AND THE UK CSD 04 February 2019 The European Securities and Markets Authority (ESMA) has agreed Memoranda of Understanding [...]
No-deal Brexit: Italy is getting ready
The Ministry of Economy and Finance announces transitional measures [Newsflash n. 59] On 24 January 2019, the Ministry of Economy and Finance published a press release stating that it has drafted - in close consultation [...]