Progress made since European banking supervision started - Draghi

Much progress has been made since the ECB took on a greater role in supervising the eurozone’s largest banks, with the financial system now looking more resilient. Justin Pugsley reports.

Banks urged to monitor struggling customers

The FCA is asking banks to pay greater attention to customers struggling with their debt repayments and not to lend more to them. Justin Pugsley reports.

ESMA issues advice around ICOs

ESMA warns industry and investors over the importance of being compliant with existing regulation when engaging in ICOs. Justin Pugsley reports.

FCA widens interpretation on paying for research

The FCA potentially widens scope as to what can be interpreted as inducements to trade under MiFID II. Justin Pugsley reports.

European Commission HQ

Lawsuit and national differences cast doubt over BRRD

Making the Bank Recovery and Resolution Directive work has collided with political priorities at national level and a huge lawsuit over the resolution of a Spanish bank. David Wigan reports.

Data concerns as industry looks MiFID II-ready

Though financial firms mostly seem to have IT systems and processes in place to comply with MiFID II from January 3 2018, there is some concern over the quality of the data that will get reported. By Justin Pugsley.

EU financial regulatory structures ‘must evolve post-Brexit’

The governor of the Bank of France has warned that the EU’s financial regulatory structure will need to evolve once the UK leaves the union. By Justin Pugsley.

Banks commit to Libor until 2021 and to developing an alternative

The 20 banks contributing to Libor have agreed to continue until 2021 while supporting efforts to develop an alternative, says the FCA. Justin Pugsley reports.

ESMA aims to iron out repository reporting inconsistencies

ESMA has found inconsistencies in the way repositories report derivatives activity in Europe and is set to issue new guidelines on the matter in the first half of 2018, writes Justin Pugsley.

European regulators revisit FX variation margin guidelines

European supervisory authorities are examining issues over posting variation margin for non-centrally cleared over-the-counter physically settled foreign exchange (FX) forward contracts to align European practices more closely with those of other jurisdictions. By Justin Pugsley.

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