Featured Product

    EC on Rules to Come into Effect in 2019 Under Capital Markets Union

    December 30, 2018

    EC highlights that the Securitization Regulation, which comes into effect on January 01, 2019, creates common rules and sets the criteria for simple, transparent and standardized (STS) securitization in the EU. These are a new class of high-quality securitization. This EU-wide initiative on "high-quality" securitization will ensure high standards of process, legal certainty, and comparability across securitization instruments through a higher degree of standardization of products. This will notably increase the transparency, consistency, and availability of key information for investors, including in the area of small and medium enterprise loans, and increase liquidity.This should facilitate the issuance of securitized products and allow institutional investors to perform a thorough due diligence, which helps to identify those products that match their asset diversification, return, and duration needs.

    The following are the other financial rules that will come into effect in 2019:

    • On January 13, 2019, a revised Directive on occupational pension funds, known as IORP2 will come into effect.
    • The revision of the Shareholders' Rights Directive takes effect on June 10, 2019.
    • The new Prospectus Regulation, launched as part of the Capital Markets Union Action Plan to improve access to finance for companies and simplify information for investor, takes effect as of July 21, 2019.
    • Rules on strong customer authentication that will make electronic payments in shops and online safer, come into effect on September 14, 2019.

     

    Related Link: Press Release

    Keywords: Europe, EU, Banking, Insurance, Capital Markets Union, Securitization Regulation, IORP2, IORP II Directive, EC

    Related Articles
    News

    BCBS Consults on Principles for Operational Risk and Resilience

    BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.

    August 06, 2020 WebPage Regulatory News
    News

    FSI Note Discusses Challenges Associated with COVID Relief Measures

    The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.

    August 06, 2020 WebPage Regulatory News
    News

    HKMA Announces Repayment Deferment Under Payment Holiday Scheme

    HKMA, together with the Banking Sector Small and Medium-Size Enterprise (SME) Lending Coordination Mechanism, announced a ninety-day repayment deferment for trade facilities under the Pre-approved Principal Payment Holiday Scheme.

    August 05, 2020 WebPage Regulatory News
    News

    ESRB Paper Presents Alternative Approach to EBA Stress Test Proposal

    The Advisory Scientific Committee of ESRB published a response, in the form of an Insights Paper, to the EBA proposals for reforms to the stress testing framework in EU.

    August 05, 2020 WebPage Regulatory News
    News

    MAS Announces Key Initiatives to Support Adoption of SORA

    MAS announced several initiatives to support adoption of the Singapore Overnight Rate Average (SORA), which is administered by MAS.

    August 05, 2020 WebPage Regulatory News
    News

    BoE Updates Template and Definitions for Form ER

    BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.

    August 05, 2020 WebPage Regulatory News
    News

    PRA to Extend Temporary High Balance Coverage Amid COVID Crisis

    PRA published the policy statement PS19/20 on the final policy for extending coverage under the Financial Services Compensation Scheme (FSCS) for Temporary High Balance.

    August 04, 2020 WebPage Regulatory News
    News

    EBA Publishes Standards on Disclosure and Reporting of MREL and TLAC

    EBA published the final draft implementing technical standards for disclosures and reporting on the minimum requirements for own funds and eligible liabilities (MREL) and the total loss-absorbing capacity (TLAC) requirements in EU.

    August 03, 2020 WebPage Regulatory News
    News

    EBA Releases Erratum for Phase 2 Package on Reporting Framework 2.10

    EBA published an erratum for the phase 2 of technical package on the reporting framework 2.10.

    August 03, 2020 WebPage Regulatory News
    News

    EC Sets Out Updated Technical Information for Solvency II Calculations

    EC published the Implementing Regulation 2020/1145, which lays down technical information for calculation of technical provisions and basic own funds.

    August 03, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5635