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European Central Bank European Union Banks

K&L Gates LLP

Digital Operational Resilience in the Financial Services Sector: EU and UK Update

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With under six months to go until the European Union Digital Operational Resilience Act (DORA) becomes applicable on 17 January 2025, DORA implementation projects are running full steam ahead. DORA lays down uniform...more

Morgan Lewis - Tech & Sourcing

Outsourcing and Its Risks Are a Top Priority for the European Central Bank’s Supervisory Agenda

The European Central Bank (ECB) has published data showing that banks are increasingly using third-party providers to support their critical functions. However, more than 10% of outsourcing contracts covering critical...more

Hogan Lovells

ECB warns of the risks of increased reliance on outsourcing

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The European Central Bank (ECB) published its latest Supervision Newsletter on 21 February 2024 which highlighted, amongst other updates, that the number of outsourcing contracts for ECB supervised banks has increased...more

Cadwalader, Wickersham & Taft LLP

ECB Stress Test: Bank’s Credit Risk Doubles by 2030 under Slower Climate Transition

In September 2023, the European Central Bank (ECB) published its second economy-wide stress test, shedding light on the credit risks that European banks may face as a result of the ongoing climate transition....more

Cadwalader, Wickersham & Taft LLP

European Central Bank and European Banking Authority Comment on Revised European Sustainability Reporting Standards

In January 2023, the European Central Bank (ECB) and the European Banking Authority (EBA) released their opinions on the first set of European Sustainability Reporting Standards (ESRS). As we have previously discussed, a...more

A&O Shearman

Regulatory Monitoring - August 2022

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Our monthly regulatory newsletter monitors all relevant developments regarding German and European regulatory law in English language. In addition, we prepare an overview of articles and court decisions published in German...more

A&O Shearman

Regulatory Monitoring - June 2022

A&O Shearman on

Our monthly regulatory newsletter monitors all relevant developments regarding German and European regulatory law in English language. In addition, we prepare an overview of articles and court decisions published in German...more

A&O Shearman

European Commission Consults on Potential Digital Euro

A&O Shearman on

The European Commission has launched a targeted consultation on a possible digital euro. The EU is considering introducing a digital euro for retail payments, which would be available alongside cash. A decision has not yet...more

Hogan Lovells

Banking and finance regulatory news, March 2021 # 4

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CRR: Commission Implementing Regulation containing ITS on reporting requirements for market risk Commission Implementing Regulation (EU) 2021/453 containing implementing technical standards (ITS) on specific reporting...more

A&O Shearman

European Central Bank Publishes Guide to Assessment Methodology for Counterparty Credit Risk and Credit Valuation Adjustment Risk...

A&O Shearman on

The European Central Bank has published its final Guide on the assessment methodology it will use to examine: (i) the internal model methods banks use to calculate exposures to counterparty credit risk; and (ii) the advanced...more

A&O Shearman

EU Draft Technical Standards Published for Further Delaying Securities Settlement Discipline Rules to 2022

A&O Shearman on

The European Securities and Markets Authority has published a final report and final draft Regulatory Technical Standards to further postpone the securities settlement discipline rules under the Central Securities...more

A&O Shearman

European Central Bank Publishes Guideline on Default Definition for Less Significant Eurozone Institutions

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The European Central Bank, Banking Supervision division has published a guideline harmonizing the threshold for assessing the materiality of credit obligations past due for the purposes of default assessments under the EU...more

Robins Kaplan LLP

Financial Daily Dose 1.21.2020 | Top Story: World Economic Forum Kicks Off in Davos

Robins Kaplan LLP on

As it kicked off its 50th annual gathering today, the World Economic Forum in Davos is facing some hard questions—both about the state of the ideals it has long espoused (“open borders, liberal democracy and free borders,” to...more

White & Case LLP

Financial Regulatory Observer - December 2019: How to challenge the ECB: Lessons from first EU court cases on the SSM

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The European Courts have handed down first judgments on supervisory measures taken by the ECB, highlighting important issues regarding the application of the law.  The Single Supervisory Mechanism (SSM) refers to the...more

Proskauer Rose LLP

Regulation Round Up - July 2019

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1 July - The Financial Conduct Authority ("FCA") published a policy statement (PS19/19) setting out the final 2019/20 regulatory fees and levies. The European Insurance and Occupational Pensions Authority ("EIOPA")...more

Orrick - Finance 20/20

ECB Finalizes Guides on Bank and Fintech Bank Licensing

Orrick - Finance 20/20 on

On March 23, 2018, the European Central Bank (“ECB“) published the final versions of its: Guide to assessments of license applications. This sets out the general process and the requirements for the assessment of credit...more

A&O Shearman

Key Regulatory Topics: Weekly Update - 10 November 2017 – 16 November 2017

A&O Shearman on

BREXIT - UK Finance proposes model for post-Brexit financial services under EU-UK trade agreement - On 16 November, UK Finance published a report entitled "Supporting Europe's economies and citizens: a modern approach...more

A&O Shearman

Key Regulatory Topics: Weekly Update - 11 August 2017 – 17 August 2017

A&O Shearman on

BREXIT - ECB interview on Brexit preparations - On 16 August, the ECB published the transcript of an interview, given by Sabine Lautenschlager, ECB Executive Board Member and Supervisory Board Vice-Chair, on the...more

Proskauer Rose LLP

Regulation Round Up - February 2017

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The FCA and PRA announced changes to enforcement process with the aim of strengthening the transparency and effectiveness of enforcement decision-making processes. Some of the changes have already come into force, the rest...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

FHFA Announces Increase in Maximum Conforming Loan Limits for Fannie Mae and Freddie Mac in 2017 - On November 23, 2016, the Federal Housing Finance Agency (FHFA) announced an increase in the maximum conforming loan...more

Cadwalader, Wickersham & Taft LLP

The European Central Bank Publishes Draft Guidance on Leveraged Transactions

ECB Consultation Paper - On 23 November 2016, the European Central Bank (the “ECB”) launched a public consultation in relation to draft guidance for Eurozone banks intended to develop clear and consistent definitions,...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

Financial Industry Developments - CFTC Division of Market Oversight Reminds Market Participants of the Upcoming Expiration of Certain No-Action Relief From the Ownership and Control Final Rule - On November 16,...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

Financial Industry Developments - The CFPB Publishes Final Rule for Prepaid Accounts - On October 5, 2016, the Consumer Financial Protection Bureau (the "CFPB") finalized comprehensive consumer protections for...more

A&O Shearman

The European Central Bank’s September 2016 Public Consultation On “Draft Guidance To Banks On Non-Performing Loans”

A&O Shearman on

After months of positioning by various EU, Banking Union and ECB policymakers across a range of speeches, interviews, articles as well as position papers, each calling for collective steps to be taken to tackle impaired...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week in Review

ECB Publishes Public Consultation - The European Central Bank ("ECB") has published a Public Consultation on a draft Addendum to the ECB Guide on options and discretions available in Union law. ...more

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