Events listed in opinion
L’ESMA publie son rapport final portant sur les modifications de la méthodologie ...
ID 26552
The AFG published it’s response to ESMA’s publication on 19 December 2023 of its Final Report on Guidelines on stress test scenarios under the MMF Regulation, following a prior ESMA consultation running until 28 April 2023. The proposed modifications aim to enhance the consideration of interactions between liquidity and redemption pressures, particularly in light of the stress events witnessed in March 2020. These modifications ...
Publication des rapports du FSB et de l’OICV sur la gestion de la liquidité des ...
ID 26533
Back in Septembr 2023, the AFG responded to corresponding consultations by the FSB and IOSCO on open-ended fund liquidity management, of which both organizations now published their respective final reports. These comprehensive reports reflect a concerted effort to address challenges related to liquidity management in open-end funds. **The FSB’s focus on harmonizing the use of anti-dilution tools is particularly noteworthy, aiming to enhance the ...
Medienmitteilung 15/2023
ID 26472
Das Vereinigte Königreich und die Schweiz haben das “Berne Financial Services Agreement“ unterzeichnet (siehe eventid=24460). Dieses wegweisende Abkommen, das auf gegenseitiger Anerkennung von Regulierungen basiert, legt die Grundlage für Marktöffnungsschritte in den Bereichen Banken- und Wertpapierdienstleistungen, Asset Management, Versicherungen und Börsen. Insbesondere für die Schweizer Banken, die einen bedeutenden Teil ihres grenzüberschreitenden Geschäfts m ...
ALFI responds to the ESMA call for evidence on the shortening of the settlement ...
ID 26463
ALFI’s response to ESMA’s call for evidence on the move to T+1/T+0 settlement cycles, dated December 15, 2023, outlines ALFI’s perspectives on the potential transition. The document touches on various aspects of the proposed shift, emphasizing the challenges faced by asset managers, especially in terms of cash management and provides a detailed analysis of the impacts on various operational processes, including matching, allocation, affirmation, ...
Réponse AFG à la consultation de la Commission Européenne sur la révision du niveau ...
ID 26441
The AFG responded to the EC’s Targeted Consultation on SFDR Implementation. As a reminder, the EC launched a targeted consultation and a public consultation on 14 September 2023 to assess the implementation of the SFDR. The focus of the consultation was directed towards legal certainty, the usability of the regulation, and proposals for enhancing the existing framework. The Commission sought insights into the practical ...
Key messages on the Implementation of SFDR
ID 26440
EFAMA published its response to EC’s targeted consultation on the implementation of SFDR (eventid=22926). The SFDR aimed to enhance transparency in sustainable finance, but its adoption as a de facto ESG labeling regime by market participants has led to unintended complexities. The EC’s review needs to enhance SFDR’s clarity for retail investors, promote transition finance, and align with other relevant legislation. Proposed solutions include ...
Targeted consultation on the implementation of the Sustainable Finance Disclosures ...
ID 26438
The ABBL responded to the EC’s Targeted Consultation on SFDR Implementation. As a reminder, the EC launched a targeted consultation and a public consultation on 14 September 2023 to assess the implementation of the SFDR. The focus of the consultation was directed towards legal certainty, the usability of the regulation, and proposals for enhancing the existing framework. The Commission sought insights into the practical ...
ABBL answer to ESMA – Call for evidence on shortening of the settlement cycle
ID 26435
In response to ESMA’s call for evidence on the potential shortening of the securities settlement cycle in European markets, the ABBL, together with its members, has submitted a comprehensive response. As a reminder, the initiative by ESMA is driven by the objective of evaluating the feasibility of reducing the settlement cycle from the current T+2 to T+1, and potentially even T+0. The consultation aims ...
FINMA-Aufsichtsmitteilung 08/2023
ID 26407
Die FINMA hat eine Aufsichtsmitteilung zu Staking-Dienstleistungen veröffentlicht. Ziel ist es, Kunden vor Insolvenzrisiken zu schützen, insbesondere im Zusammenhang mit gestakten kryptobasierten Vermögenswerten. Die Mitteilung zielt darauf ab, rechtliche Unsicherheiten hinsichtlich der Verwahrung von gestakten Vermögenswerten zu klären. Ein Schwerpunkt liegt auf der Forderung, diese Vermögenswerte jederzeit für Kunden verfügbar zu halten, um im Falle einer Insolvenz ausreich ...
ALFI responds to SFDR review consultation by European Commission
ID 26404
ALFI submitted its response to the European Commission’s targeted consultation concerning the implementation of the SFDR. ALFI’s response outlines several key recommendations for enhancing the current SFDR regime: Firstly, ALFI proposes that entity level PAI disclosures be adequately addressed under the CSRD without imposing additional disclosure requirements under SFDR. ALFI contends that such duplicative measures contribute minimally to investor understanding. S ...