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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...

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...

ESMA publishes first overview of the size and structure of EU securities markets

19 november in Article

ESMA published on 18 November its first statistical report on European Union (EU) securities markets. The Report uses new regulatory data sources to give, for the first time, a comprehensive overview of European equity and bond markets in 2019, including the number, characteristics, volumes traded and transparency data...

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...