European Securities and Markets Authority

Reporting & Disclosures

SFDR Overhaul Signals More Uncertainty for Managers

By ESG Investor | 27/09/2023

Review could permit greater interoperability with fund-labelling, disclosure regimes in other jurisdictions.

Clearing & Post-Trade

RBI, ESMA Close to Resolving Stand-Off Over CCPs – Report

By Manesh Samtani | 07/09/2023

Discussions regarding MoUs between the RBI and ESMA are reported to be progressing more smoothly and regularly.

Nature & Biodiversity

ISSB Asked to Prioritise Biodiversity in Two-year Work Plan

By ESG Investor | 07/08/2023

Respondents to ISSB’s agenda priorities consultation call for focus on biodiversity and nature, progress on social and human-rights related reporting standards.

Emerging Prudential Risks

BIS Paper Draws Lessons from HKMA Approach to NBFI Monitoring

By Manesh Samtani | 03/08/2023

The HKMA framework highlights how multiple data sources can be used to extract valuable information and signals for timely NBFI monitoring.

Anti-Money Laundering

ESMA Withdraws Recognition Decisions for UAE CCPs

By Editors | 26/07/2023

The recognition decisions were withdrawn due to the UAE’s including in the EU’s AML blacklist.

Structural Regulation

EU Commission Seeks to Further Extend Transition Period for Third-country Benchmarks

By Manesh Samtani | 20/07/2023

The European Commission says the extension is necessary to avoid destabilising the asset management sector and financial stability risks.

Cryptocurrency

ESMA, EBA Issues First Consultation Packages Relating to MiCA

By Mark Johnston | 17/07/2023

ESMA’s consultation covers conflicts of interest and consumer complaints. EBA’s consultation covers authorisation of stablecoin issuers.

Structural Regulation

UK to Reverse MiFID II Research Unbundling Rules

By Manesh Samtani | 12/07/2023

The move is aimed at enhancing the appeal of the UK’s financial services sector and foster a more vibrant and competitive research environment.

Model Risk

EBA Publishes Validation Requirements for Initial Margin Models

By Editors | 06/07/2023

The standards include a “pragmatic and simplified” supervisory procedure applicable to smaller counterparts as well as easier documentation, governance and outsourcing requirements.