Blog
Credit Risk: EBA Regulatory Standard for Unfinished Property
EBA seeks feedback on draft RTS for unfinished property, aiming for a harmonized EU framework, ensuring prudential treatment and a level playing field.
Transitioning to Basel III: Regulatory Framework
The plenary adopts trilogue agreements on Basel III standards implementation. New rules include an output floor, ensuring uniform capital buffers. Third country banks must establish EU branches for market access. Legal texts expected in EU Official Journal soon.
Financial Services and Markets Act: No.6 Regulations
On May 9, 2024, the Financial Services and Markets Act 2023 (Commencement No.6) Regulations 2024 were issued, marking significant changes to financial legislation. These regulations revoke specific laws, streamline directives, and enhance regulatory clarity.
European Benchmarks Regulation (BMR) Review
On October 17, 2023, the European Commission proposed a review of the Benchmarks Regulation to streamline reporting requirements in financial services legislation. It highlighted the broad scope of the BMR and low uptake of licensing routes for third-country benchmark administrators.
UCITS Eligible Assets Directive
ESMA calls for evidence on UCITS EAD review to assess risks & benefits of UCITS exposure to diverse assets. Mandated by EU, ESMA aims to analyze implementation, address divergences & recommend revisions for market alignment.
Reduce your
compliance risks
