ESMA updated an answer in the questions and answers (Q&A) document on the Benchmarks Regulation (Regulation 2016/1011) in EU. The updated answer further clarifies the applicable transitional provisions for third-country benchmarks. In general, the updated Q&A provide guidance to market participants on requirements under the Benchmarks Regulation. The Q&A document is aimed at competent authorities under the Benchmarks Regulation, to ensure that their supervisory activities are aligned with the common practices set out in the responses adopted by ESMA. The purpose of this Q&A is to promote common supervisory approaches and practices in the application of Benchmarks Regulation.
Keywords: Europe, EU, Banking, Securities, Benchmarks Regulation, Q&A, Derivatives, Transitional Provisions, Third Country Benchmarks, ESMA
Previous ArticleEBA Reviews Single Rulebook Q&As Against Revised BRRD, CRD, and CRR
The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.
The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.
The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.
The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups
The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.
The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.
The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.
The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.
Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)
The European Commission (EC) recently adopted regulations with respect to the calculation of own funds requirements for market risk, the prudential treatment of global systemically important institutions (G-SIIs)