Financial regulations: Weekly update
1. The ECB shall consult its guidelines for an appropriate and appropriate assessment.
2. The EC is consulting on improving the transparency and efficiency of secondary markets for non-performing loans.
3. ESMA is launching a call for contributions on digital finance.
4. ESMA publishes its 2020 annual report.
5. FCA and BoE issue joint statement encouraging move from LIBOR to SOFR.
ISDA consults on the implementation of pullbacks for certain swap rates
Seeking feedback on the implementation of fallback solutions for the Pound Sterling LIBOR ICE Swap Rate and the USD LIBOR ICE Swap Rate published by the ICE Benchmark Administration (IBA). Deadline: July 2, 2021.
IOSCO Monitoring Group publishes report on international system of auditing and ethics standards
Following up on its recommendations on this subject in July 2020, this report provides a periodic review of the initiatives carried out in recent months, highlighting the publication of a transition plan for their reforms.
ECB consults its guidelines for an appropriate and appropriate assessment
Replaces the old guides and aims to enrich the overall process and explain its approach to diversity and the expectations of supervision on climate and environmental risks. Deadline: August 2, 2021.
EC consults on improving transparency and efficiency in secondary NPL markets
Seeks to find remaining obstacles to the proper functioning of secondary markets for NPLs, as well as actions to improve the quantity, quality and comparability of NPL data. Deadline: September 8, 2021.
ESMA calls for testimonials on digital finance
Collects information on: i) fragmented / non-integrated value chains; ii) digital platforms and consolidation of financial services; and (iii) mixed activity groups providing financial and non-financial services. Deadline: August 1, 2021.
ESMA publishes its 2020 annual report
Provides an overview of the initiatives carried out in 2020: i) prudential convergence; ii) risk assessment.
EBA publishes report on e-commerce card payment transactions
Based on data provided by payment service providers, highlights significant progress in meeting strong customer authentication requirements and a significant reduction in the volume and value of fraud.