Regulatory RelationsRSS

ESMA puts forward candidates for CCP supervisory committee for European Parliament approval

Candidates have been chosen for the European Securities and Markets Authority’s (ESMA) supervisory committee to oversee central counterparty clearing houses (CCP) under the European Market Infrastructure Regulation (EMIR 2.2).

SEC sets up emerging risks detection unit

The US Securities and Exchange Commission (SEC) has put together a new unit called the Event and Emerging Risks Examination Team (EERT) tasked with detecting emerging threats. 

Brexit talks continue to stall as neither side gives ground

EU and UK negotiators are holding firm in their positions believing the other will give way at the last minute while the European Commission has delayed until the end of the year, at the earliest, a decision over whether to grant the UK equivalence on financial services. 

BIS appoints Tara Rice to head CPMI secretariat

Tara Rice has been appointed as head of the secretariat for the Committee on Payments and Market Infrastructures (CPMI) by the Bank for International Settlements (BIS). 

BIS innovation hub rolled out to new locations in Europe and North America

The innovation hub run by the Bank for International Settlements (BIS) is to be extended to four new locations over the next two years, the organisation has said in a statement. 

UK looking to Swiss deal to reinforce outcomes-based approach for global financial services

On June 30, the UK and Switzerland committed to an ambitious bilateral deal on financial services, which the former hopes will help reinforce an outcomes-based approach towards bilateral financial services agreements. 

German EU presidency to focus on economic recovery and a stable financial architecture

On July 1, Germany took over the EU’s six-month rotating presidency with the ambitious aim of spurring the recovery of the bloc’s economy from the Covid-19 pandemic, settling the EU’s budget, driving a sustainable and stable financial architecture and a digital and sustainable economy.

IOSCO outlines good practices for deference among regulators

In a bid to curb regulatory fragmentation and to foster international regulatory cooperation, the International Organization of Securities Commissions (IOSCO) has published 11 practices to encourage cross-border deference among regulators.

Rishi Sunak

UK plans regulatory tweaks as Brexit talks struggle

The UK authorities are firmly looking beyond EU membership and are starting to craft a new regulatory framework, which remains in harmony with global standards, but also takes national interests into account. 

German court ruling over ECB bond buying defused

A challenge by Germany’s Federal Constitutional Court, which could have derailed the Bundesbank’s participation in the European Central Bank’s (ECB) stimulus programmes, appears to have been resolved.