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Regulatory Requirements European Union Financial Markets

K&L Gates LLP

The Italian Law Implementing the EU MiCar Regulation: A "MiFIDisation" of Crypto-Assets?

K&L Gates LLP on

On 13 September 2024 Legislative Decree no. 129/2024 (Decree no. 129), implementing the MiCAR Regulation (Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets –...more

A&O Shearman

Bank of England Speech on Artificial Intelligence and Financial Stability

A&O Shearman on

The Bank of England has published a speech by Sarah Breeden, BoE Deputy Governor, Financial Stability, on AI and financial stability. In the speech, Ms. Breeden explores the novel features of Generative AI, and how financial...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Standard Formula: A Guide to Solvency II – Chapter 13: Supervision

1. The Supervision Regime - Proportionality - The supervision regime is built on the principle of “proportionality,” in an effort to ensure that supervision remains effective and meets its underlying purposes without...more

A&O Shearman

European Securities and Markets Authority Survey on Legal Entity Identifiers

A&O Shearman on

The European Securities and Markets Authority has launched a survey on legal entity identifiers to gather evidence on how the optionality in the use of legal identifiers would impact market participants were it to be...more

A&O Shearman

UK Critical Benchmarks Regulations 2024 Published

A&O Shearman on

The Critical Benchmarks Regulations 2024 have been published, together with an explanatory memorandum. The Regulations come into force on November 13, 2024. The instrument specifies two benchmarks, the WMR Closing Spot Rates...more

BCLP

The EU’s Digital Operational Resilience Act 2022/2554 (DORA)

BCLP on

Long IT sub-contracting chains can make it hard for financial institutions to understand the vulnerabilities in their IT estate and the location of key functions (where these may be located in entities who do not have a...more

McDermott Will & Emery

Erlaubnispflicht für Kreditdienstleister – Dienstleistungen für Non-Performing-Loans sind jetzt erlaubnispflichtig

McDermott Will & Emery on

Mit dem Inkrafttreten des Kreditzweitmarktgesetzes am 30. Dezember 2023 sind Dienstleistungen in Bezug auf sogenannte Non-Performing-Loans, also Kredite, die nicht mehr bedient werden oder vom Ausfall bedroht sind,...more

Jones Day

Further Clarifications on Anti-Greenwashing Standards for Financial Products in the European Union

Jones Day on

In its Sustainable Finance Roadmap 2022-2024, European Securities and Markets Authority ("ESMA") has recently underscored the importance of developing a cohesive supervisory approach in the area of sustainable finance across...more

Jones Day

The Latest in Italian Cryptocurrency Regulation: Mandatory Fees for Providers and Exchangers

Jones Day on

On April 21, 2022 the Italian Organismo Agenti e Mediatori issued a circular implementing the Ministry of Economic and Finance decree regarding statutory registration, fees, and obligations of cryptocurrency providers and...more

Hogan Lovells

COVID-19: ESMA clarifies position on MiFID II call recording

Hogan Lovells on

The European Securities and Markets Authority (ESMA) has published a public statement to clarify issues regarding the application to firms of the MiFID II requirements on the recording of telephone conversations.   ESMA...more

Kramer Levin Naftalis & Frankel LLP

FSB Issues Report on Vulnerability in the Leveraged Loan Market

On Dec. 19, 2019, the Financial Stability Board issued a report titled “Vulnerabilities Associated with Leveraged Loans and Collateralised Loan Obligations”. The Financial Stability Board (FSB) coordinates at the...more

Cadwalader, Wickersham & Taft LLP

ESMA Publishes Q&As and Revised Disclosure Templates for Securitisation Reporting

On 31 January 2019, the European Securities and Markets Authority (“ESMA”) published an Opinion (the “Opinion”) containing a revised set of draft disclosure technical standards (the “Disclosure Technical Standards”) and a...more

Cadwalader, Wickersham & Taft LLP

ESMA’s Final Draft Disclosure Technical Standards

On 22 August 2018, the European Securities and Markets Authority (“ESMA”) published its Final Report on the technical standards on disclosure requirements under the EU Securitisation Regulation (the “Final Report”)....more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

U.S. Financial Industry Developments - SEC Adopts Rules to Enhance Transparency and Oversight of Alternative Trading Systems - On July 18, 2018, the Securities and Exchange Commission ("SEC") voted to adopt amendments...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

European Financial Industry Developments - BCBS Publishes its Work Program for 2018 and 2019 - On June 5, 2018, the Basel Committee on Banking Supervision ("BCBS") published details of its work program for 2018 and...more

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