Regulation Solvency II: Advantage convertible bonds
The results of QIS 5 confirmed that convertible bonds bear low capital cost. A balanced-profile convertible bond portfolio with optimized convexity therefore obtains a moderate intrinsic SCR whilst benefiting from «equity» (...)
|
Regulation Solvency II: The conventions of the standard model and possible adverse effects
The Solvency II framework will change the way insurance companies address the investments performance in risky assets, by adding a new parameter to the traditional risk / reward tradeoff ....
|
Regulation CPSS IOSCO: principles for financial market infrastructures
Through 24 principles and five responsibilities, including significant details and commentary, the BIS’s Committee on Payment and Settlement Systems (CPSS) and IOSCO have addressed the risks faced by financial market infrastructures (...)
|
Regulation ESMA issues good practices for structured retail product governance
The European Securities and Markets Authority (ESMA) has published an opinion on structured retail products, setting out good practices for firms when manufacturing and distributing these products.
|
Regulation EDHEC-Risk Institute warns European Parliament on opacity in index regulation proposal
In an open letter addressed to the Chair of the European Parliament ECON committee, Roberto Gualtieri on February 20, 2015, EDHEC-Risk Institute has expressed its concern about the new draft text which is being proposed for a vote by the committee on March 9, which plans to (...)
|
Regulation ESMA approves Spread Research as a credit rating agency
The European Securities and Markets Authority (ESMA) has formally approved the registration of Spread Research SAS, based in France, as a credit rating agency (CRA) under Article 16 of the CRA Regulation. The registration takes effect from 1 July (...)
|
Regulation ESMA reports on EU accounting enforcement in 2016
ESMA reports on EU accounting enforcement in 2016 The European Securities and Markets Authority (ESMA) has published its annual report on the enforcement and regulatory activities of accounting enforcers within the European Union (EU) in (...)
|
Regulation The future of project-based mechanisms in Durban: the European Union has a role to play
With some 4,000 initiatives registered to date, the Clean Development Mechanism (CDM) and Joint Implementation (JI) have proved their usefulness for reducing emissions and attracting investments. However, this success could be called into question in the absence of a clear (...)
|
Regulation Towards protection of swaps user margin and more scrutiny on high frequency trading
The SEC is considering whether new requirements should be imposed on high frequency trading and what benefits market makers should get for meeting those obligations. In the meantime the CFTC moves forward to protect swaps user margin from peer (...)
|
Regulation Extension of the ban on the taking of net short positions in ten French securities of the financial sector
The Board of the AMF considered that the market conditions were not satisfactory to lift the said ban.
|
Regulation ESMA tells firms to improve their selling practices for complex financial products
The European Securities and Markets Authority (ESMA) has published an Opinion on practices to be observed by investment firms when selling complex financial products to investors. ESMA is issuing this opinion to remind national supervisors and investment firms about the (...)
|
Regulation ESMA consults on major shareholders disclosures
The European Securities and Markets Authority (ESMA) has launched a consultation on draft Regulatory Technical Standards (RTS) under the revised Transparency Directive relating to the notification of major shareholdings and the indicative list of financial instruments (...)
|
Regulation Basel III implementation: Basel Committee reports to G20 Leaders
The Basel Committee on Banking Supervision has today published a report for the G20 Leaders at their Summit in Hangzhou on 4-5 September.
|
Regulation EDHEC-Risk Institute draws the French Government’s attention to the inadvisability of imposing a Tobin tax in France
In an open letter dated January 10, 2012 addressed to the French Prime Minister, EDHEC-Risk Institute has underlined the difficulties and risks associated with implementing a tax on financial transactions in France…
|
Regulation PSD2 and MIF Regulation create opportunities in Europe for those who can adapt, claims new PAY.ON white paper
PAY.ON, an ACI Worldwide company and a global partner for white label payment technology, has published in collaboration with First Annapolis a new white paper that explores the implications surrounding - and the opportunities arising from - the revised Payment Services (...)
|
