Events listed in Banks
Rapportage concentratierisico
ID 24112
The Dutch Central Bank DNB published a notification to investment firms that do not qualify as „small and non-interconnected investment firms“ (class 2 investment firms). These firms are required to complete the „details on trading book exposures (IFREP tab 08.05). The DNB has observed that this tab is often left incomplete or filled out incorrectly. Therefore, DNB is providing guidance on how to correctly ...
New Manual on post-trade transparency available
ID 24108
ESMA has published a Manual on post-trade transparency, which serves as a user-friendly tool to provide guidance on how to apply the relevant MiFIR obligations consistently. The Manual aims to bring clarity to the large scope of instruments covered under MiFIR and the complexity of the system. The key areas covered in the Manual are as follows: – Instruments and transactions subject to **post-trade ...
Uitvoeringsbesluit DLT pilot regime verordening
ID 24078
Decree of 19 June 2023 was published in the Official Gazette of the Netherlands. It contains legal amendments related to financial regulations, to implement Regulation (EU) 2022/858 concerning a pilot scheme for market infrastructures based on distributed ledger technology (DLT pilot regime). DLT is a way to record property like money or assets, spread across a network of computers, with blockchain being a well-known ...
FSC Proposes Measures to Strengthen Internal Control of Financial Companies
ID 23833
The FSC (Financial Services Commission) has announced a plan to strengthen the internal control system within financial companies. The proposed measures are following: – each executive officer’s duties and responsibilities in a financial firms should be clearly outlined in order to raise awareness of these officers about their area of internal control – the CEO of the company is responsible for delivering the transparency ...
Umsatzsteuer: Definition von Anlagegold
ID 23628
Das BMF hat in einem koordinierten Ländererlass eine überarbeitete Definition von Anlagegold im Kontext der Mehrwertsteuer vorgestellt. Der Erlass bezieht sich auf die Ergebnisse der 117. Sitzung des Mehrwertsteuerausschusses und modifiziert gleichzeitig den Umsatzsteuer-Anwendungserlass. Laut der Leitlinie der 117. Sitzung des Mehrwertsteuerausschusses kann Gold, das „in runder, ovaler oder unregelmäßiger Form“ vorliegt und „vom Goldmarkt akzeptiert wird ...
Uitdagingen voor de AFM vragen om aanpassingen in wetgeving
ID 23621
To effectively oversee the changing society and financial sector, the AFM is requesting several modifications to Dutch legislation, outlined in the annual legislative letter sent to Ministers Kaag (Finance) and Schouten (Poverty Policy, Participation, and Pensions). Laura van Geest, AFM’s CEO, explained their legislative requests this year revolve around **three themes: alignment with European legislation, effectiveness and efficiency of supervision, and a level playing ...
Crowdfundingtjenesteudbydere skal etablere interne whistleblowerordninger
ID 23592
Following the introduction of crowdfunding and permits request (see eventid=23084), the Danish FSA reminds market participants that starting 1 July 2023, all crowdfunding companies will be subject to whistleblowing rules. As a result, it is necessary to implement an independent channel in the internal infrastructure where employees can report annonymously. It is also acceptable to outsource the whistleblowing scheme to an external counterparty.
Bundesrat ist für die Einsetzung einer PUK zur CS-Notfusion Link
ID 23547
Der Bundesrat hat sich für die Einsetzung einer PUK zur Untersuchung der Notübernahme der Credit Suisse durch die UBS ausgesprochen, und hat dem Vorschlag des Nationalrats zugestimmt. Die Zustimmung des Parlaments dürfte nur noch eine Formsache sein. Die Regierung ist der Ansicht, dass eine gründliche Untersuchung der Vorgänge im Zusammenhang mit der Übernahme notwendig ist, und das vorgeschlagene Mandat zielt darauf ab, eine **umfassende ...
DNB verhoogt de contracyclische kapitaalbuffer (CCyB) van 1,0% naar 2,0%
ID 23475
The Dutch Central Bank (DNB) published a news release stating that it is increasing the countercyclical capital buffer (CCyB) from 1.0% to 2.0%. This requirement applies to all banks operating in the Netherlands, both domestic and foreign, with outstanding loans. This change will impose an additional capital charge of approximately €3.4 billion on the Dutch banking sector as a whole. **Banks must meet this ...
EBA consults on new RTS and ITS on supervisory colleges
ID 23472
EBA started a public consultation on draft RTS and ITS concerning the functioning of supervisory colleges under CRD. The proposed technical standards aim to enhance the alignment between Level 1 regulation and the Level 2 framework for supervisory colleges, promoting more efficient and effective supervision of cross-border banking groups. The updates to the RTS and ITS are primarily based on the **requirements outlined in ...