The French Prudential Control and Resolution Authority (ACPR) and the French Autorité des Marchés Financiers (French AMF) signed two cooperation agreements with the Securities Exchange Commission (SEC) to allow French institutions to register as security-based swap dealers with SEC and benefit from an equivalence regime of certain rules applicable to these entities (also known as substituted compliance). The U.S. Dodd Frank Act requires institutions whose activity in OTC equity derivatives and equity credit derivatives with the U.S. counterparties exceeds a certain volume to register as security-based swap dealers with SEC. The U.S. regulations provide for a substituted compliance mechanism, which allows foreign establishments to be considered as complying with certain American rules as long as they comply with their national legislation. The procedures for applying substituted compliance for France were adopted by SEC on July 23, 2021.
Keywords: Europe, Americas, France, US, Banking, Securities, Security Based Swap Dealers, Substituted Compliance, Derivatives, Equivalence Regime, SEC, ACPR
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.
The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.
The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).
The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.
The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.
The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)
The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.
The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.
The European Central Bank (ECB) published a paper that examines how credit rating agencies accepted by the Eurosystem, as part of the Eurosystem Credit Assessment Framework (ECAF)
The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.