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Basel III Standards: EU Agreements

Basel III Standards: EU Agreements

The Basel III standards are transforming European banking, enhancing stability and resilience. AFME highlights this progress and the balance between regulatory compliance and fostering green and digital economic transitions.

Master Regulatory Reporting Agreement (MRRA)

Master Regulatory Reporting Agreement (MRRA)

The Master Regulatory Reporting Agreement (MRRA), introduced on Dec 6, 2023, revolutionizes financial regulatory reporting. A collaborative effort of FIA, ICMA, ISLA, and ISDA, it streamlines compliance with EMIR and SFTR, enhancing transparency and efficiency in the financial sector.

EFRAG on ISSB Climate-Related Legal Framework

EFRAG on ISSB Climate-Related Legal Framework

EFRAG's endorsement of ISSB's climate disclosures marks a major step for global climate transparency, aligning with CSRD. This move impacts EU financial institutions, streamlining reporting processes and setting new environmental reporting standards.

MiFID II Regulation and GDPR

MiFID II Regulationand GDPR

Highlighting the intricate balance between GDPR and MiFID II Directive, this text delves into the challenges faced by EU financial institutions. It underscores the pivotal role of national authorities and the necessity for adaptable data management strategies.

Solvency 2 Directive: Internal Risk and Solvability Assessment (EIRS)

Solvency 2 Directive: Internal Risk

The Solvency 2 Directive significantly transforms the European insurance sector, enhancing transparency and risk management while ensuring financial stability. It mandates rigorous Internal Risk and Solvency Assessments, aligning business strategies with risk and capital requirements.

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