News & Analysis as of

European Commission Banks Banking Sector

A&O Shearman

Directive on Cross-Border Law Enforcement Access to Bank Account Registries Published in Official Journal of the European Union

A&O Shearman on

Directive (EU) 2024/1654 has been published in the Official Journal of the European Union, amending Directive (EU) 2019/1153 regarding access by competent authorities to centralized bank account registries through the...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

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

K&L Gates LLP

Brussels Regulatory Brief: June 2019

K&L Gates LLP on

INSTITUTIONAL DEVELOPMENTS - The New European Parliament: More Fragmentation, Ad Hoc Coalitions, And Greener Policies? The results of the May 2019 European Parliament (“EP”) elections resulted in a more complex European...more

A&O Shearman

European Banking Authority Board Nominates New Chair

A&O Shearman on

The Board of Supervisors of the European Banking Authority has nominated José Manuel Campa (Global Head of Regulatory Affairs at Santander) as the new Chair of the EBA...more

Orrick - Finance 20/20

European Commission Requests Feedback on a Roadmap for Widening Access to Centralized Bank and Payment Account Registries

Orrick - Finance 20/20 on

On August 9, 2017, the European Commission published an inception impact assessment (Ares (2017)3971182) (also called a roadmap) on access to centralized bank account registries. In the roadmap, the Commission explains...more

Morrison & Foerster LLP - Structured Products

Structured Thoughts: News for the financial services community, Volume 8, Issue 3

SEC Rolls Out “POSITIER” - The SEC’s Office of the Investor Advocate used a recent March 9, 2017 open meeting and related “Evidence Summit” to announce its new investor research initiative, “POSITIER.”1 This new acronym...more

Proskauer Rose LLP

Regulation Round Up - February 2017

Proskauer Rose LLP on

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

Cadwalader, Wickersham & Taft LLP

Amendments to the Basel Securitisation Framework – Alternative Capital Treatment for Simple, Transparent and Comparable...

The Basel Committee on Banking Supervision (the “Basel Committee”) published an updated version of the “Basel III Document – Revisions to the securitisation framework” on 11 July 2016 (the “Amended Securitisation...more

K&L Gates LLP

UCITS V Directive—Overview and Practical Implications

K&L Gates LLP on

Changes to the UCITS Directive (known as “UCITS V”) were published in the Official Journal of the European Union and came into force on 17 September 2014. EU Member States are required to transpose UCITS V into national law...more

Orrick - Finance 20/20

EBA Report on Asset Encumbrance: September 2015

Orrick - Finance 20/20 on

On October 1, 2015, the European Banking Authority (EBA) published its first report analyzing asset encumbrance in EU banks. The aim of the report is to monitor the extent of and the changes in the levels of asset encumbrance...more

Cadwalader, Wickersham & Taft LLP

Securitisation: Keeping it Simple?

On 30 September 2015, the European Commission (the “Commission”) published a proposal for a regulation (the “Proposed Regulation”)1 intended to harmonise existing EU laws applying to securitisations (including proposed...more

Orrick - Finance 20/20

European Commission to Publish Legislative Proposal on Common Deposit Guarantee System by End of 2015

Orrick - Finance 20/20 on

Jean-Claude Juncker, President of the European Commission, has announced that the Commission will publish a legislative proposal on first steps towards establishing a common deposit guarantee system by the end of 2015. His...more

Orrick - Finance 20/20

European Commission adopts Delegated Regulation on RTS on Risk Concentration and Intra-Group Transactions Under FICOD

On August 21, 2015, the European Commission published the text of the Delegated Regulation it has adopted on regulatory technical standards (RTS) on risk concentration and intra-group transactions under Article 21a(1a) of the...more

Orrick - Finance 20/20

European Commission Call For Advice From EBA on Net Stable Funding Requirements and Leverage Ratio

Orrick - Finance 20/20 on

On August 19, 2015, the European Banking Authority (EBA) published a call for advice (dated 26 June 2015) it has received from the European Commission on the EBA’s reports on net stable funding requirements (NSFR) and...more

Orrick - Finance 20/20

EBA Releases Key Information on EU G-SIIs

On July 28, the European Banking Authority (EBA) published a chart setting out the key metrics used to identify global systemically important institutions (G-SIIs) in the EU. The chart contains information on the size,...more

K&L Gates LLP

The Second Payment Services Directive - Political Agreement Nears

K&L Gates LLP on

The original Payment Services Directive (2007/64/EC) (“PSD1”) was introduced to provide greater price transparency for users of payment services and to create a level, competitive playing field among providers of different...more

Orrick - Finance 20/20

EC and Banks Disagree on Capital Markets Union Priorities

Orrick - Finance 20/20 on

Of the five priorities for early action listed in the European Commission’s Capital Markets Union green paper (lowering barriers to accessing capital markets, widening the investor base for SMEs, building sustainable...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week in Review

Council of EU Presidency Compromise Proposal on Benchmark Regulation - On September 10, the Presidency of the Council of the EU published its first compromise proposal (dated September 9, 2014) relating to the European...more

McDermott Will & Emery

European Commission Issues Communication Addressing New Sources of Risk in the Financial Sector

On 4 September 2013, the European Commission published a long-anticipated communication that detailed far-reaching plans to reform the shadow banking industry. The envisaged reform project anticipates a five point approach,...more

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