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ESMA: Risks to retail investors of social media-driven share trading

18 februari in Geen onderdeel van een categorie

ESMA released a statement to highlight to retail investors the risks connected with trading decisions based exclusively on exchanges of views, informal recommendations and sharing of trading intentions through social networks and unregulated online platforms. The statement is issued as part of ESMA’s investor protection objective to...

ESMA’s Maijoor keynote speech at Conference on FinTech & Regulation.

09 februari in Geen onderdeel van een categorie

ESMA Chair, Steven Maijoor, addressed senior policymakers and industry at the 5th Annual Conference on ‘FinTech and Regulation: New Challenges and New Solutions’. His speech touched upon: Digitalisation: risks and opportunities: DLT Technology Digital platforms for clients  Accelerating trends: Cloud platforms increase BighTechs and Big Data Competition risks And safe...

Fintech in 2021: Five Trends to Watch (Clifford Chance Briefing).

05 februari in Geen onderdeel van een categorie

The COVID-19 crisis has brought technology use to the fore in the financial sector and beyond, with businesses seeing two or three years’ expected progress compressed into two or three months last year. The pandemic's impact on fintech businesses and regulatory agendas is ongoing, coupled...

ECB publishes paper on custodian banks

04 februari in Geen onderdeel van een categorie

The ECB Eurosystem has recently published a paper (Occasional Paper Series) that analyses the profitability, capital and liquidity constraints of custodian banks through the lens of the supervisory review and evaluation process methodology. It examines how custodians differ from traditional banks with regard to: balance sheet structure, ...

BIS: Fintech regulation: how to achieve a level playing field

04 februari in Geen onderdeel van een categorie

BIS published an occasional paper titled Fintech regulation: how to achieve a level playing field. The study explains how regulation should evolve to encourage fair competition between traditional banks and new fintech and big tech. Some advocate moving from an entity-based to an activity-based regulatory approach under...

CSDR Settlement Fails Penalties: ECSDA Framework

24 december in Geen onderdeel van een categorie

On 22 December 2020, ECSDA published the updated version of the ECSDA CSDR Settlement Fails Penalties Framework. Cash penalties are required by the EU legislators to be imposed by CSDs and aim at increasing settlement efficiency rates. The requirements are outlined in the CSD Regulation (EU...

EFAMA-EFSA: joint message on Consolidated Tape

04 november in Geen onderdeel van een categorie

EFAMA and EFSA welcome the publication of Market Infrastructure Partners’ Study on the Creation of an EU Consolidated Tape which addresses the challenges, demand, benefits and proposed architecture for consolidating European financial market data. We believe that an appropriately constructed consolidated tape (“CT”) could help to...

Sustainable Finance Disclosure Regulation: EU Commission delays RTS (level II) application date

04 november in Geen onderdeel van een categorie

The EU Commission has written the European Supervisory Authorities (ESAs) regarding the application of the Sustainable Finance Disclosure Regulation (SFDR) and related regulatory technical standards (RTS). Background: In March 2019 the co-legislators agreed on a timeline to develop most of the RTS by 30 December 2020...