European Commission takes Spain and Slovenia to court over implementation failures

European Commission takes Spain and Slovenia to court over the failure to implement certain financial rules

Luxembourg CSSF appoints two directors

CSSF appoints two directors to oversee fund sector and banking supervision

ESMA finds progress on MiFID compliance among NCAs

ESMA finds 16 NCAs have made progress on their MiFID implementation though outstanding issues remain with some supervisors

ESMA consults on update to 2015 CRA guidelines

ESMA consults on guidelines on supervisory reporting by credit rating agencies

ESMA ponders extending clearing exemptions

ESMA ponders over extending three dates involving the treatment of certain transactions covering third countries

ESMA consults on tick size regime to preserve EU trading venue competitiveness

ESMA consults on tick size regimes relating to financial instruments marginally traded on an EU-located venues

Russian banking

Russian banking system slowly rehabilitates

The Central Bank of Russia is forging ahead with reforming the country’s banking system, but faces a number of headwinds which could make the task harder. By Justin Pugsley.

Pankaj Gupta

Outlines of EU-UK deal on financial services taking shape

The fire and fury surrounding Brexit is throwing up very little in the way of hard facts to underpin planning by banks. Nonetheless, a possible outline of an EU-UK deal is taking shape, or at least narrowing it down to a few possible options. By Justin Pugsley

EU bank stress tests’ adverse scenario may not be the most plausible

Two academics argue that the EU 2018 stress tests are not using the most plausible adverse scenarios and complain of a lack of transparency

EU and Switzerland struggling to forge new treaty

EU-Swiss talks hit impasse with EU equivalence measures for the Swiss stock exchange potentially at stake