Events listed in report / study
Thematic findings from the 2022 cyber stress test
ID 22527
On March 29, 2023, the Prudential Regulation Authority, PRA, published an open letter primarily addressed at supervised firms and market infrastructures to present the „findings“ from the Bank of England’s 2022 cyber stress test (CST22). The stress test was voluntary, was performed as a desktop exercise and sought to explore – the ability of firms to quickly identify the nature of any operational disruptions ...
HKMA Half-Yearly Monetary and Financial Stability Report (March 2023 Issue)
ID 22525
The Hong Kong Monetary Authority (HKMA) has published its latest semi-annual Monetary and Financial Stability Report. The report provides an update on macroeconomic issues such as price stability and economic outlook and summarizes some key risks in the near future as they may materialize in the financial market. Some of the key points are briefly noted below; for more detailed, comprehensive information, please refer ...
Asset Management
report / study
FR04/23 Report on International Work to Develop a Global Assurance Framework for ...
ID 22524
IOSCO recently released a report detailing the need for a global assurance framework for sustainability-related corporate reporting. The report reveals that stakeholders have expressed strong support for IOSCO’s leadership in coordinating and promoting consistency in sustainability-related reporting. IOSCO encourages engagement and capacity building within the reporting ecosystem to support the development of the global assurance framework. Currently, some issuers seek ...
EBA publishes new set of indicators to identify potential causes of consumer harm
ID 22523
The European Banking Authority (EBA) has published a new set of 11 indicators designed to identify detriment to consumers that may arise as a result of the misconduct of financial institutions offering retail banking products in the EU. The indicators cover mortgage credit, consumer credit, deposits, payment accounts, and payment services and provide information to help the EBA and national competent authorities __prioritize their ...
The Swedish Mortgage Market 2023
ID 22517
The Swedish financial regulator, Finansinspektionen (FI), has published its annual summary report on the condition of the Swedish mortgage market. The report is based on a sample of new mortgages concluded in the fall of 2022, thereby reflecting – to some extent – the rising interest rates since the onset of the Ukrainian conflict, the subsequent surge of inflation, and falling housing prices. The ...
L’AMF présente ses propositions pour améliorer la lisibilité des frais des ...
ID 22509
The AMF has published Proposals to improve the readability of financial product fees in European law on the fees for financial instruments, together with a Draft glossary on financial investments fees (in French only), in order to improve savers‘ understanding of these fees as part of the ongoing discussions on the European Commission’s Retail Investment Strategy. In compliance with MiFID II and, if applicable, ...
FINMA veröffentlicht Geschäftsbericht 2022
ID 22503
Die Eidgenössische Finanzmarktaufsicht (FINMA) hat ihren Jahresbericht 2022 veröffentlicht. Der Bericht beleuchtet die außerordentlichen geopolitischen Spannungen und wirtschaftlichen Unsicherheiten auf dem Finanzmarkt im Jahr 2022. Die Aufsichtsbehörde verfolgte im Berichtsjahr einen risikobasierten Ansatz bei ihrer Aufsichtstätigkeit und konzentrierte sich auf die Auswirkungen des Ukraine-Konflikts auf den Schweizer Finanzmarkt und verstärkte die Aufsicht über die Einhaltun ...
ECB starts disclosing climate impact of portfolios on road to Paris-alignment
ID 22449
The ECB has released its first set of climate-related financial disclosures, providing information on the carbon footprint and exposure to climate risks of its portfolios, as well as on climate-related governance, strategy and risk management. The disclosures cover the Eurosystem’s corporate security holdings in the CSPP and PEPP, alongside the ECB’s euro-denominated NMPPs, comprising its staff pension fund and own funds portfolio, and are ...
Règlement sur la publication d’informations en matière de durabilité dans les ...
ID 22442
The AMF published an overview of SFDR classifications in the French funds‘ universe and portfolios‘ exposure to fossil energies at the end of 2021. As a reminder, the SFDR was implemented in March 2021 to promote sustainable investments by enforcing environmental and social transparency requirements in the financial services industry, including asset management. SFDR introduces three categories of financial products: Article 9, which have ...
BIS’s Project Nexus prototype successfully links Eurosystem, Malaysia and ...
ID 22440
The BIS Innovation Hub published a report on Project Nexus, an initiative that aims to improve instant cross-border payments. Indeed, cross-border payments are often slow, costly, and frustrating, with significant costs imposed on individuals and businesses. In contrast, domestic instant payment systems (IPS) in over 60 countries reach their destination in seconds at near-zero cost. **Nexus seeks to link up multiple instant payment systems ...