EC on Rules to Come into Effect in 2019 Under Capital Markets Union
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
Previous Article
IFSB Publishes Working Papers on Islamic FinanceRelated Articles
BIS and Central Banks Experiment with GenAI to Assess Climate Risks
A recent report from the Bank for International Settlements (BIS) Innovation Hub details Project Gaia, a collaboration between the BIS Innovation Hub Eurosystem Center and certain central banks in Europe
Nearly 25% G-SIBs Commit to Adopting TNFD Nature-Related Disclosures
Nature-related risks are increasing in severity and frequency, affecting businesses, capital providers, financial systems, and economies.
Singapore to Mandate Climate Disclosures from FY2025
Singapore recently took a significant step toward turning climate ambition into action, with the introduction of mandatory climate-related disclosures for listed and large non-listed companies
SEC Finalizes Climate-Related Disclosures Rule
The U.S. Securities and Exchange Commission (SEC) has finalized the long-awaited rule that mandates climate-related disclosures for domestic and foreign publicly listed companies in the U.S.
EBA Proposes Standards Related to Standardized Credit Risk Approach
The European Banking Authority (EBA) has been taking significant steps toward implementing the Basel III framework and strengthening the regulatory framework for credit institutions in the EU
US Regulators Release Stress Test Scenarios for Banks
The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
Asian Governments Aim for Interoperability in AI Governance Frameworks
The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.
EBA Proposes Operational Risk Standards Under Final Basel III Package
The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.
EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.
ECB to Expand Climate Change Work in 2024-2025
Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.
