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Financial Markets European Banking Authority (EBA) Financial Institutions

A&O Shearman

EU Eases EMIR 3 Clearing Mandate

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The Council of the European Union and European Parliament have reached provisional political agreement on the latest revisions to the European Market Infrastructure Regulation, publishing on February 14, 2024, the agreed text...more

Cadwalader, Wickersham & Taft LLP

The European Banking Authority’s Guidelines on Resolvability

The European Banking Authority (“EBA”) has published its final report on amendments to its guidelines on improving resolvability under the Bank Recovery and Resolution Directive (2014/59/EU) (BRRD)....more

Hogan Lovells

EU Payment Accounts Directive: Commission review mainly positive but improved data collection needed

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The European Commission has published its long-delayed report to the European Parliament and Council of the EU on the application of the Payment Accounts Directive (PAD). The findings are generally positive and no legislative...more

A&O Shearman

European Banking Authority Publishes Final Draft Implementing Technical Standards on Prudential Disclosures of ESG Risks

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The European Banking Authority has published final draft Implementing Technical Standards on Pillar 3 prudential disclosures of environmental, social and governance risks under the EU Capital Requirements Regulation. The ITS...more

Hogan Lovells

Banking and Finance regulatory news, July 2021

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UK Securitisation Regulation: HM Treasury review HM Treasury has published a call for evidence to inform its review of the retained EU law version of the EU Securitisation Regulation (UK Securitisation Regulation or "Sec...more

Vinson & Elkins LLP

EU Sustainable Finance Disclosure Regulation: Another Step Towards An ESG-Driven Economy

Vinson & Elkins LLP on

On March 10, 2021, a host of provisions came into effect as part of the European Union’s (“EU”) Regulation on Sustainability‐Related Disclosures in the Financial Services Sector (the “Sustainable Finance Disclosure...more

A&O Shearman

European Banking Authority Phases Out COVID-19 Guidelines on Loan Repayments Moratoria

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The European Banking Authority has confirmed that it will phase out its Guidelines on legislative and non-legislative payment moratoria in accordance with its September 30, 2020 deadline. The EBA originally published the...more

A&O Shearman

European Banking Authority Publishes Survey on Banks' Environmental, Social and Governance Risk Disclosure Frameworks

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The European Banking Authority has published a survey designed to collect information on large banks' disclosure practices on environmental, social and governance risks. The EU Capital Requirements Regulation implements the...more

A&O Shearman

EU Publishes Draft Delegated Regulation on Changes to CCP Colleges under EMIR 2.2

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The European Commission has published a draft Delegated Regulation designed to amend existing Delegated Regulation (EU) No 876/2013, which supplements the European Market Infrastructure Regulation with regards to changes to...more

Hogan Lovells

Financial institutions general regulatory news, September 2020 # 2

Hogan Lovells on

PRA PS20/20: response to CP3/20 occasional paper - Following its March 2020 occasional consultation paper (CP3/20), the UK Prudential Regulation Authority (PRA) has published a policy statement, PS20/20, setting out its...more

A&O Shearman

EU Delays Securities Settlement Discipline Rules to 2021

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EU Regulatory Technical Standards postponing the implementation deadline of the settlement discipline regime under the Central Securities Depositories Regulation have been published in the Official Journal of the European...more

A&O Shearman

European Banking Authority Provides Clarity on Application of CRR Quick Fix Package

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The European Banking Authority has published guidance on the impact on supervisory reporting and disclosure of the EU's CRR Quick Fix adjustments, which were made in response to COVID-19. The CRR Quick Fix introduced changes...more

A&O Shearman

EU Considering Further Delaying Securities Settlement Discipline Rules to 2022

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The European Securities and Markets Authority has announced that it is preparing new Regulatory Technical Standards to further postpone the securities settlement discipline rules under the Central Securities Depositories...more

A&O Shearman

European Banking Authority Revises 2020 Work Program in Response to COVID-19

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The European Banking Authority has published an updated work program as part of its response to the coronavirus pandemic...more

A&O Shearman

European Banking Authority Seeks to Promote RegTech Use

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The European Banking Authority has opened a consultation on RegTech and supporting the use of RegTech across the EU. Responses may be submitted until September 30, 2020. The EBA intends to report on the use of RegTech in the...more

A&O Shearman

European Banking Authority Updates Guidelines on Equivalence of Non-EU Confidentiality Regimes

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The European Banking Authority has published updated Guidelines on the equivalence of confidentiality regimes under the Capital Requirements Directive. The EBA has added one new third-country national regulator—the New York...more

A&O Shearman

Brexit: European Banking Authority Again Warns Against Letter-Box Entities

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The European Banking Authority has issued a further Communication on issues associated with the U.K.'s withdrawal from the EU, scheduled to take place on October 31, 2019. The EBA notes that financial institutions have made...more

Proskauer Rose LLP

Regulation Round Up - September 2019

Proskauer Rose LLP on

2 September - The Financial Conduct Authority ("FCA") updated its webpage relating to its guidance consultation on the fair treatment of vulnerable customers. The European Securities and Markets Authority ("ESMA")...more

A&O Shearman

European Banking Authority Launches Consultation on Technical Standards for Counterparty Credit Risk

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The European Banking Authority has launched a consultation on the Regulatory Technical Standards that it is developing to govern certain aspects of counterparty credit risk in derivatives transactions. The EBA has been...more

Sullivan & Worcester

Trade finance banks — time to stand up for your products!

Sullivan & Worcester on

On 16 February 2018, the Prudential Regulation Authority (“PRA”) published a consultation paper containing a draft Supervisory Statement to clarify the PRA’s expectations regarding the eligibility of guarantees as unfunded...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

Financial Industry Developments - Changes Proposed to CAS and STACR Programs - On May 8, 2017, Fannie Mae and Freddie Mac announced that they are considering certain changes to the structure of their CAS and STACR...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

Financial Industry Developments - CFTC Proposes to Amend Rules Governing Chief Compliance Officer Duties and Annual Reports for Certain Registrants - On May 3, 2017, the U.S. Commodity Futures Trading Commission...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

Financial Industry Developments - SEC Adopts T+2 Settlement Cycle for Securities Transactions - On March 22, 2017, the Securities and Exchange Commission (SEC) adopted an amendment to Rule 15c6-1(a), shortening the...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

Financial Industry Developments - House Committee on Financial Services Comments on OCC Fintech Charter - All 34 Republican members of the Financial Services Committee of the U.S. House of Representatives, including...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

CFTC Indicates Willingness to Help Incubate Fintech - On February 21, 2017, J. Christopher Giancarlo, the acting chairman of the U.S. Commodity Futures Trading Commission ("CFTC"), has diverged from other U.S. federal...more

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