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 (...)
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Regulation ESMA rules aim to curb excessive risk taking by alternative fund managers
The European Securities and Markets Authority (ESMA) has published final Guidelines on remuneration of alternative investment fund managers (AIFMs). The rules will apply to managers of alternative investment funds (AIFs) including hedge funds, private equity funds and real (...)
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Regulation ESMA sees valuation risk at highest levels due to financial weakness and geopolitical uncertainty
The European Securities and Markets Authority (ESMA)’s latest report on Trends, Risks and Vulnerabilities No. 2, 2017 (TRV) identifies high asset price valuations as the major risk for European financial markets in the second half of (...)
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Regulation ESMA-EBA: Euribor makes significant progress with reforms
The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have today published theresults of their joint review of the Euribor-EBF. The review found that Euribor-EBF has made significant progress in implementing the ESMA-EBA (...)
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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 ....
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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 (...)
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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» (...)
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Regulation EIOPA investigates how ESG and climate risks will be included in Solvency 2
In March 2018, the European Commission adopted an action plan to integrate sustainable finance within the financial system. For this purpose it asked EIOPA and ESMA to submit proposals on how to take ESG and climate risks into account under Solvency 2 and the Insurance (...)
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Regulation Regulations and client expectations change status quo in wealth management industry
The status quo in the private banking and wealth management industry is changing as the focus shifts to client service and value delivery, according to PwC findings of 2011 Global Private Banking and Wealth Management Survey - Anticipating a New Age in Wealth (...)
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Regulation ESMA consults on measures to promote sustainability in EU capital markets
The European Securities and Markets Authority (ESMA) has today launched three public consultations on sustainable finance initiatives to support the European Commission’s (EC) Sustainability Action Plan in the areas of securities trading, investment funds and credit rating (...)
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Regulation Global banks appear well-prepared to meet TLAC requirements
The Financial Stability Board also released details on total loss-absorbing capacity, or TLAC, requirements that all 30 G-SIBs will need to meet. The rule requires that a bank have sufficient amounts of debt that could be bailed in to recapitalize it in times of (...)
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Regulation Short-selling bans unlikely to prevent share price slides
New evidence from 30 countries shows short-selling restrictions fail to support stock prices and reduce market liquidity, study suggests
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Regulation The Tobin tax
The Tobin tax : a periodically fashionable idea, « miracle cure» that often unleashes passions mostly for ideological reasons than economic. It is necessary to review its relevance by assessing it objectively, and understanding what can make it, in some ways, desirable, but (...)
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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…
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Regulation Volatility spikes underline fragilities and risks to EU securities markets and investors
European Union (EU) securities markets, infrastructures and investors face new risks in the form of high volatility, the European Securities and Markets Authority (ESMA) said today in its latest Trends, Risks, and Vulnerabilities (TRV) Report (No 2, 2018). ESMA also (...)
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