Blog
What are the Compliance Requirements in the Solvency II Reform?
The Solvency 2 Directive ensures EU insurance and reinsurance companies protect policyholders. Its three pillars include quantitative (capital requirements), qualitative (governance, risk management), and reporting (transparency) aspects.
EU MiCA Regulation Publication
The MiCA regulation, published on June 9, 2023, takes effect on June 29, 2023. It replaces national frameworks, governing token offerings, crypto services, and market abuse prevention. From Dec 30, 2024, authorized crypto service providers can operate throughout the EU.
Financial Compliance: Clearing and Derivative Transactions
Directives 2009/65/EU, 2013/36/EU, and 2019/2034, targeting concentration risk in CCPs and counterparty risk on centrally cleared derivatives. This aligns with the EU Capital Markets Union's goals, fostering risk identification, management and monitoring
EBA: Priorities and Compliance for the Financial Sector
The EBA's Annual Report highlights 2022 achievements and 2023 priorities. Despite challenges, the EBA pushed forward, focusing on financial innovation, DORA, MiCA, resilience, sustainability, and combating money laundering. Basel III implementation and ESG roadmap execution are key in 2023.
MiCA Regulation Implementation
Christian Anders, Btc.x CEO, emphasizes EU's need for stronger lobbying on MiCA regulations. Sweden's license delays concern him. Anders cautions about potential power dynamics if MiCA is seen as insufficient. He stays optimistic, highlighting Bitcoin's superiority over fiat despite obstacles.
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