Eleven regulators club together to launch global sandbox to foster shared experiences among participants and to help fintech firms scale up more quickly in several jurisdictions at once
Subjects
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
US tax reforms ‘could exacerbate bank cyclicality’
Recent changes to the US tax code involving less generous treatment on certain deductions could result in greater cyclicality of higher leveraged banks and non-financial firms making them more sensitive to swings in the economic cycle and potentially undermining bank capital buffers. By Justin Pugsley.
US dollar borrowing being driven by debt securities
US dollar credit to non-banks based outside the US continued to grow at a steady clip, driven by debt securities issuance
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
Japan’s FSA undertakes reorganisation to improve efficiency
Japan’s FSA has reorganised some of its bureaus so it can adapt to changing markets and technological developments and monitor them more efficiently
