Spikes in Italian debt yields and spreads leaves the country’s banks vulnerable to refinancing challenges, the governor of the Bank of Italy said at a conference
Europe
FCA asks firms to have contingency plans in areas outside its control
The FCA asks for financial firms to have contingency plans in place in areas it does not cover in the event the UK leaves the EU without a deal on March 29
ESMA makes clarifications around reporting requirements in case of hard Brexit
ESMA makes clarifications around reporting requirements for derivatives transactions under Emir in the event the UK leaves the EU on March 29 without a deal
UK signs continuity agreement with Switzerland covering insurance services
The UK has signed an agreement with Switzerland to preserve the continuity of insurance business between the two countries after the former leaves the EU
Esma consults on liquidity stress tests for investment funds
Esma consults over its guidance for stress testing investment funds around their liquidity as Fitch Ratings issues a research note warning of their systemic risks
Eurozone banks face cash run assessment in 2019 stress tests
Eurozone banks face test over how long they can last without access to funding markets and cash runs
EU-Swiss accord remains deadlocked
The EU and Switzerland are struggling to agree a new bilateral agreement covering areas ranging from financial services through to the free movement of people with some commentators believing the draft agreement to be dead
UK regulators demand emergency powers in case of ‘no-deal’ Brexit
Demands by regulators for unprecedented emergency powers to deal with a ‘no-deal’ Brexit raised concerns with UK law makers that it could create a democratic deficit
European securitisations soar but loose ends on STS could stop progress
A leap in European securitisation activity late last year could come to a halt this year as some technical standards on the EU’s STS framework still need clarification
Ripjar marshals AI for the fight against money laundering
Failing to stay on top of money laundering activity is going to become increasingly expensive for banks in Europe, from the point of view of regulatory sanctions, and this is forcing them to look closely at AI and machine learning solutions to stay ahead of the curve.
@RiskRegulator
