Events listed in opinion
Shortening the settlement cycle
ID 26398
EFAMA supports a timely transition to a T+1 settlement cycle for Europe in response to the ESMA Call for Evidence (eventid=23184). EFAMA acknowledges the imminent move to T1 in the US (eventid=19797, eventid=24191) and emphasizes the need for a dynamic roadmap that can be adapted based on lessons learned from the US migration. The document highlights the **potential impacts of moving to T+1 or ...
Réponse AFG au Call for Evidence de l’ESMA sur un raccourcissement du cycle de ...
ID 26387
In response to ESMA‘ Call for Evidence regarding the potential reduction of the securities settlement cycle in the EU from T+2 to T+1, the AFG published a response and appreciates the opportunity to contribute to the discussion. The objective of this call is to gather insights from market participants and quantitative data to **evaluate the costs, benefits, and regulatory requirements associated with such a ...
Grondige herziening SFDR-regels nodig
ID 26378
The Dutch Federation of Pension Funds responds to the targeted SFDR consulation (please note Event ID#22926) in a position paper for a fundamental review of the SFDR to better align with pension funds‘ objectives. The federation supports the SFDR’s transparency goals and the transition to a sustainable economy. They highlight the sector’s strong focus on sustainability, with a majority of participants enrolled in compliant ...
Opinion of the European Systemic Risk Board of 10 October 2023 on the Swedish ...
ID 26371
The European Systemic Risk Board (ESRB) has published an opinion that was drawn up by the Board on October 10, 2023 as regards the continued application of stricter national measures of the Swedish supervisory authority Finansinspektionen (FI) in connection with the use of internal models for credit risk assessment for certain credit exposures. Specifically, Finansinspektionen had applied for extending its minimum risk-weight floor requirement ...
ESG-Transparenzvorgaben bleiben Baustelle
ID 26364
Der GDV hat einen Onlineartikel zum Thema ESG-Transparenzvorgaben veröffentlicht, in welchem der Verband verschiedene Entwicklungen aufgreift. Zunächst weist der GDV auf den EU Beschluss hin, wonach Versicherungsunternehmen in ihren Nicht-finanziellen Erklärungen angeben müssen, welcher Teil ihres Geschäfts mit den Kriterien der EU-Taxonomie für nachhaltige Wirtschaftstätigkeiten übereinstimmt. Hierzu zählt auch die Absicherung von Naturgefahrenrisiken in Nicht-Lebensversiche ...
BVI’s position on the targeted consultation document implementation of the ...
ID 26355
Der BVI hat seine Stellungnahme zur EU-Konsultation über die Überprüfung der Offenlegungsverordnung (eventid=22926) veröffentlicht. Die Stellungnahme umfasst Vorschläge zur Vereinfachung und Verbesserung der Transparenzanforderungen auf Unternehmens- und Produktebene sowie zur Einführung eines Kategorisierungssystems für nachhaltige Produkte. Der BVI empfiehlt, die Nachhaltigkeitsberichterstattung auf Unternehmensebene zu vereinheitlichen, indem die Anforderungen der CSRD hor ...
[ESMA24-229244789-4623 ] SMSG Advice on second MiCA package
ID 26343
The SMSG provided advice to ESMA on the second consultation paper regarding Technical Standards for MiCA, covering various aspects of the MiCA Regulation. Proportionality was emphasized, with the SMSG supporting the approach to business continuity measures that consider the scale, nature, and range of crypto-asset services. They recommended incorporating proportionality in other aspects of MiCA to prevent barriers to small players without compromising safety ...
Stanowisko KNF dotyczące jednolitych zasad stosowania punktu 20. rekomendacji U
ID 26318
In June 2023, KNF has released good practices within Recommendation U (see eventid=21895). This article is an explanation on KNF’s stand for point 20 from Recommendation U, which states that KNF expects the insurance products sold to the client to be adequate to their needs, while the service price will be dependent on the actual interest of the client and the value of the ...
BVI response on the Call for evidence in shortening the settlement cycle
ID 26317
Der BVI Veröffentlicht eine Stellungnahme zur ESMA-Konsultation „Call for Evidence on Shortening the Settlement Cycle: High-Level Remarks of the European T+1 Industry Task Force“ (eventid=23184). In seiner Stellungnahme signalisiert der BVI grundlegende Unterstützung für die geplante Verkürzung der Abwicklungsfrist von Wertpapiergeschäften in der EU von zwei auf einen Tag (T+1), betont jedoch die Notwendigkeit eines angemessenen Zeitrahmens für die Umsetzung, eins ...
AFME responds to ESMA consultation on shortening settlement cycles in the EU
ID 26305
AFME has provided a response to ESMA’s CfE on the potential shortening of settlement cycles in the EU (please see EventID#23184). AFME expresses its support for moving to a T+1 settlement cycle but underscores the complexity and demands associated with such a transition. AFME emphasizes the need for careful consideration of feedback before deciding on the next steps. AFME outlines key points in its ...