European Parliament, or EP, published report on the proposal for a regulation of the European Parliament and of the Council on the prudential requirements of investment firms. The proposed regulation would amend the regulation establishing ESAs (EU Regulation No 1093/2010), Capital Requirements Regulation (CRR or EU Regulation No 575/2013), and Markets in Financial Instruments Regulation (MiFIR or EU Regulation No 600/2014). The report was tabled for the first reading/single reading at the Plenary session. It includes draft of European Parliament legislative resolution, procedure of the committee responsible, and information on final vote by roll call in the committee responsible.
Keywords: Europe, EU, Banking, Securities, MiFIR, CRR, Plenary Report, European Parliament
BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).
EBA finalized the guidelines on treatment of structural foreign-exchange (FX) positions under Article 352(2) of the Capital Requirements Regulation (CRR).
FSB published a statement on the impact of COVID-19 pandemic on global benchmark transition.
IAIS published the list of Internationally Active Insurance Groups (IAIGs) publicly disclosed by group-wide supervisors.
FED has temporarily revised the reporting form on consolidated financial statements for holding companies (FR Y-9C; OMB No. 7100-0128).
EC launched a consultation on the review of the key elements of Solvency II Directive, with the comment period ending on October 21, 2020.
ECB launched a consultation on the guide that sets out supervisory approach to consolidation projects in the banking sector.
PRA published a letter that builds on the expectations set out in the supervisory statement (SS3/19) on enhancing banks' and insurers' approaches to managing the financial risks from climate change.
US Agencies (Farm Credit Administration, FDIC, FED, FHFA, and OCC) finalized changes to the swap margin rule to facilitate implementation of prudent risk management strategies at banks and other entities with significant swap activities.
IAIS published technical specifications, questionnaires, and templates for 2020 Insurance Capital Standard (ICS) and Aggregation Method data collections.