Events listed in Capital Markets
Monetary policy decisions
ID 26257
On 14 December 2023, the ECB Governing Council decided to maintain the three key ECB interest rates. Therefore, the interest rate on the main refinancing operations, the interest rate on the marginal lending facility, and the deposit facility will remain at 4.50%, 4.75%, and 4.00% respectively. Although inflation has reduced recently, it is likely to increase temporarily in the near term. Yet according to ...
The EBA consults on the amendments to the Pillar 3 disclosure and supervisory ...
ID 26256
EBA has initiated a public consultation on two sets of draft ITS amending Pillar 3 disclosures and supervisory reporting frameworks. These changes are part of the implementation of the Banking Package (CRR 3 and CRD 6) and are aligned with the Basel III reforms in the EU (please see EventID#24579). The amendments focus on areas such as **output floor, credit risk, immovable property losses, ...
Financial Stability Oversight Council Releases 2023 Annual Report
ID 26255
The Financial Stability Oversight Council has released its 2023 annual report on the state of play of the U.S. financial system and the soundness of the U.S. banking system in accordance with Section 112 of the Dodd-Frank Act. The report is published on a yearly basis to (1) outline major trends in financial markets and in particular the U.S. market; (2) identify and describe ...
The Haiti (Sanctions) (Overseas Territories) (Amendment) Order 2023
ID 26252
The Haiti (Sanctions) (Overseas Territories) (Amendment) Order 2023 was recently published on legislation.gov.uk, the official website of the UK government for publicizing legal documents. The Order modifies a corresponding order of 2022, namely the Haiti (Sanctions) (Overseas Territories) Order 2022 (SI 2022/1347) which extends – with some minor modifications – the Haiti (Sanctions) Regulations 2022 (SI 2022/1281) and the [Sanctions and Anti-Money Laundering Act ...
AFM welcomes targeted consultation by European Commission on implementation of the ...
ID 26251
The AFM supports the targeted consultation initiated by the European Commission to enhance the Sustainable Finance Disclosure Regulation (SFDR) and published its corresponding response. The consultation proposes the introduction of sustainability product classifications, aiming to replace current SFDR articles. The AFM advocates for consumer-friendly sustainability product classifications, aligning with the Commission’s focus on transparency, investor usefulness, and ad ...
Ständerat will vorläufig keine neuen Instrumente für Finma
ID 26250
Der Ständerat lehnt vorerst neue Befugnisse für die FINMA ab, insbesondere im Hinblick auf systemrelevante Banken. Am Donnerstag wurde eine entsprechende Motion abgelehnt, da eine Mehrheit der Meinung war, die laufenden Arbeiten im Zusammenhang mit der Credit Suisse-Krise sollten nicht vorzeitig beeinflusst werden (eventid=22667, eventid=22744). Die Motion der WAK-S, die vom Bundesrat einen Gesetzesentwurf zu drei international verbreiteten Aufsichts- und Sanktionsinstrumente ...
Commission Delegated Regulation (EU) 2023/2776 as regards the rules for monitoring ...
ID 26249
Commission Delegated Regulation (EU) 2023/2776 relating to the monitoring, reporting, and verification of greenhouse gas emissions and other relevant information from maritime transport was published in the Official Journal (OJ) of the EU. The Delegated Regulation modifies Regulation (EU) 2015/757 to further promote the reduction of greenhouse gas emissions from maritime transport in a cost-effective manner. The amendments are in response to the need ...
Transnational Criminal Organizations Designations; Counter Terrorism Designation; ...
ID 26247
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added three individuals and one entity to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations (31 CFR Part 594, Executive Order 13224, and Executive Order 13581) for their engagement in or the financing of terrorist organization ...
FCA welcomes the launch of industry code of conduct for ESG ratings and data ...
ID 26246
On December 14, 2023, the Financial Conduct Authority (FCA) published a press statement in which it informs of and strongly welcomes the publication of a new voluntary Code of Conduct for ESG Ratings and Data Products Providers which was developed by the International Capital Market Association (ICMA) and the International Regulatory Strategy Group upon request by the FCA. The code is meant to set ...
The Russia (Sanctions) (EU Exit) (Amendment) (No. 5) Regulations 2023
ID 26245
In view of the continuing aggression of Russia towards Ukraine, another set of new sanction regulations relating to Russia and Russian activities were published on legislation.gov.uk, the official UK platform for publicizing legal documents. Specifically, the Russia (Sanctions) (EU Exit) (Amendment) (No. 5) Regulations 2023 amend the existing Russia sanction regulations, the Russia (Sanctions) (EU Exit) Regulations 2019 (SI 2019/855), primarily to extend existing ...