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What are the Capital Requirements Regulation Amendments?
EU's CRR amendments strengthen banking sector resilience and financial stability. Updates to CRD and CRR introduce stricter capital and liquidity requirements, enhanced risk management, and measures to reduce bank failures. Expected full implementation by 2023 for more robust EU financial system.
Which are the Regulatory Requirements for Cybersecurity?
In the EU, financial institutions follow cybersecurity regulations: GDPR protects personal data, NIS Directive sets security standards for vital services, EBA offers risk management guidelines, and DORA mandates frequent risk assessments for resilience.
How will MiCA regulation affect the crypto industry?
The MiCA regulation proposes an EU framework for crypto-assets, providing legal certainty and consumer protection. It affects token issuers and crypto-asset service providers. MiCA covers asset-referenced tokens, stablecoins, standardizing rules for market integrity and compliance.
What is the Open Finance Framework and how it will help Compliance?
The EU's Open Finance Framework facilitates financial data sharing, adhering to data protection rules. It empowers customers as data owners, promoting transparency and regulation compliance, fostering market competitiveness, and bolstering consumer rights.
Compliance and EU Single Access Point, What is the Relationship?
The European Single Access Point (ESAP) is a platform created by the EU Commission offering centralized access to financial and sustainability info about EU firms and investments. ESAP aims to enhance market transparency, efficiency, and ease regulatory compliance.
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