EBA opinion on Brexit relocations
The EBA published on 12 October 2017 an Opinion on Brexit to ensure the consistent application of Union legislation to businesses seeking to establish or enhance their EU27 presence in order to retain access to [...]
ESMA updates MiFID II and MiFIR Q&As on investor protection and intermediaries
On 3 October 2017, ESMA (European Securities and Markets Authority) published the latest update of its Question and Answers on MiFID II and MiFIR investor protection and intermediaries topics (No. ESMA 35-43-349). The publication Questions and Answers, (hereinafter, “Q&A”) is [...]
EBA and ESMA provide guidance to assess the suitability of management body members and key function holders
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published on 26th September 2017 their joint Guidelines to assess the suitability of members of management bodies and key function holders. These Guidelines [...]
EBA publishes guidance to further harmonise EU banks internal governance
The European Banking Authority (EBA) published on 26th September 2017 its revised Guidelines on Internal Governance. These Guidelines aim at further harmonising institutions' internal governance arrangements, processes and mechanisms across the EU, in line with the [...]
IVASS on IDD and product oversight and governance
[Newsflash n. 36] On 4 September 2017, IVASS - the Italian Insurance Authority - published a letter to the market (“Letter”) addressing the implementation in Italy of Directive 2016/97/EU on insurance distribution (“IDD”) and EIOPA [...]
ESAs provide guidance to prevent terrorist financing and money laundering in electronic fund transfers
The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) released on September 22th 2017 guidelines to prevent the abuse of funds transfers for terrorist financing and money laundering purposes. These [...]