The European Supervisory Authorities (ESAs) published the list of identified financial conglomerates for 2021. The 2021 list includes 66 financial conglomerates with the head of group located in the European Union or European Economic Area, one financial conglomerate with the head of group in Switzerland (UBS), and one in the United Kingdom (Quilter plc). The list features names like Danske Bank, Banco Santander, BNP Paribas Group, Groupe Crédit Agricole, Société Générale Group, Unicredit S.p.A, Nordea Bank Abp, and Crédito Agrícola.
Keywords: Europe, EU, Banking, Insurance, Securities, Competent Authorities, Financial Conglomerates, EBA, EIOPA, ESMA, ESAs
Previous ArticleCBE Issues Additional Measures to Ease Disruptions from Pandemic
The European Banking Authority (EBA) has published the final templates, and the associated guidance, for collecting climate-related data for the one-off Fit-for-55 climate risk scenario analysis.
The European Banking Authority (EBA) recently published a report that recommends enhancements to the Pillar 1 framework, under the prudential rules, to capture environmental and social risks.
As a follow on from its prudential standard on the treatment of crypto-asset exposures, the Basel Committee on Banking Supervision (BCBS) proposed disclosure requirements for crypto-asset exposures of banks.
The Basel Committee on Banking Supervision (BCBS) and the European Banking Authority (EBA) have published results of the Basel III monitoring exercise.
The Prudential Regulation Authority (PRA) recently issued a few regulatory updates for banks, with the updated Basel implementation timelines being the key among them.
The U.S. Department of the Treasury has recently set out the principles for net-zero financing and investment.
The European Commission (EC) launched a stakeholder survey on the draft International Guiding Principles for organizations developing advanced artificial intelligence (AI) systems.
The finalization of the two sustainability disclosure standards—IFRS S1 and IFRS S2—is expected to be a significant step forward in the harmonization of sustainability disclosures worldwide.
Decentralized finance (DeFi) is expected to increase in prominence, finding traction in use cases such as lending, trading, and investing, without the intermediation of traditional financial institutions.
The Basel Committee on Banking Supervision (BCBS) published reports that assessed the overall implementation of the net stable funding ratio (NSFR) and the large exposures rules in the U.S.