Events listed in opinion
Stanowisko KNF ws. polityki dywidendowej w 2024 roku
ID 26288
On 14 December 2023, KNF has decided on the dividend payment politics for the following financial institutions: – Commercial Banks – Cooperative Banks – Insurance firms – Investment fund companies – Commercial pension companies – Brokers The document lists out recommendations and calculation methodology based on 2023 results. Each financial institution, depending on the structure and the year-end’s profit, will receive a separate docu ...
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 ...
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 ...
ALFI responds to the second ESMA’s consultation on proposed RTS/ITS on MiCA
ID 26212
ALFI responded to the second ESMA’s consultation package on Technical Standards specifying certain requirements of MiCA, provides a detailed response to ESMA regarding the proposed technical standards. The response addresses various aspects of the proposed technical standards, focusing on sustainability disclosures, coherence, complementarity, and proportionality, practical approach to assessing sustainability impacts of consensus mechanisms, optional sustainability ind ...
AFME welcomes the UK PRA’s publication of elements of Basel 3.1 standards ...
ID 26211
AFME has expressed its approval of the UK PRA release of key components of the Basel 3.1 standards, marking a significant step in implementing post-financial crisis reforms (eventid=24391). These standards, originally agreed upon in December 2017, are crucial for maintaining the UK’s status as a leading international financial center. AFME emphasized the importance of aligning with international standards, considering the role of the UK ...
Publication of the Wolfsberg Group-IIF joint response to the FATF’s public ...
ID 26207
The Wolfsberg Group and the IIF jointly responded to the FATF public consultation (see eventid=23946) on its Risk-Based Guidance on Recommendation 25 (Beneficial Ownership and Transparency of Legal Arrangements). The Wolfsberg Group and IIF assert that ensuring the provision of competent authorities and regulated entities with accurate, verified, and up-to-date BO information is crucial for effectively combating financial crime. They emphasize that regulated entities ...
AFME welcomes political agreement on EU implementation of final Basel III standards
ID 26105
AFME has welcomed the political agreement reached by the EP and the European Council on the implementation of the final Basel III standards in the EU. This agreement, encompassing the CRR3 and CRD6 proposal, signifies the completion of a rigorous regulatory program aimed at enhancing standards and constraints for credit institutions. AFME emphasizes the positive impact on strengthening banks‘ resilience and recognizes their vital ...
Statement by Secretary of the Treasury Janet L. Yellen on Commodity Futures Trading ...
ID 26054
The Secretary of the U.S. Department of the Treasury (USDT), Mrs. Janet L. Yellen, has released a statement in view of the issuance of a proposed Guidance on Listing Voluntary Carbon Credit (VCC) Derivative Contracts by the U.S. Commodity Futures Trading Commission (CFTC) (please see EventID 24175 in this context for more information). To recall, the guidance outlines specific issues that Designated Contract Markets ...
EBA issues Opinion on a measure to address macroprudential risk following a ...
ID 26010
EBA issued an Opinion in response to a notification by the Ministry of Business, Industry, and Financial Affairs of Denmark. The Ministry intended to apply Article 133 CRD to activate a new SyRB, introducing a 7% systemic risk buffer rate for certain exposure categories in Denmark, specifically targeting real estate activities and construction projects. The goal is to enhance banks‘ capacity to absorb unexpected ...
«Basel III Final»: Megaprojekt auf der Zielgeraden
ID 25979
Die SBVg betont, dass mit dem Beschluss des Bundesrats, “Basel III Final“ in der Schweiz umzusetzen, ein bedeutender Meilenstein in der Bankenregulierung erreicht wurde. Die revidierten Eigenkapitalanforderungen des BCBS sollen Anfang 2025 in Kraft treten. Das Reformpaket von „Basel III Final“ zielt darauf ab, die Risikosensitivität der Eigenkapitalregulierung zu erhöhen und eine Kapital-Untergrenze bei Verwendung interner Modelle einzuführen. Die SBVg ...