ECB: guide to assessments of FinTech Credit Institution License application
On 21 September 2017, ECB published a consultation for draft guides to bank licensing and fintech bank licensing. The main aim of the bank licensing guide is to provide useful guidelines and standards covering license [...]
Basel Committee launches public consultation on FinTech
The Basel Committee on Banking Supervision released on 31 August 2017 a consultative document on the implications of fintech for the financial sector. Sound practices: Implications of fintech developments for banks and bank supervisors assesses how technology-driven [...]
MiFID II in Italy: implementation in progress
[Newsletter n. 8] In view of its application as of 3rd of January 2018, Italy is moving forward in the implementation of MIFID II (Directive EU/2014/65) and delegated Directive at both primary and secondary [...]
ISDA publishes a white paper on Smart Contracts and DLT
Smart contracts and distributed ledger technology (DLT) are increasingly being seen as a way for the derivatives industry to realise operational efficiencies and cut costs. With these new technologies potentially transforming how derivatives are executed [...]
SeDeX: closure of the regulated market and launch of a new MTF
[Newsflash n. 35] On 14 July 2017 Borsa Italiana published a draft set of amendments to its Market Rules and relevant Instructions to take into account the application of certain MiFID II provisions, including [...]
ESMA proposes simplifications on prospectuses
On 6 July 2017, the European Securities and Markets Authority (ESMA) published three Consultation Papers (CP) on the Prospectus Regulation. The Prospectus Regulation, in the context of the Capital Markets Union action plan, aims to make it easier [...]