Events listed in report / study
U.S. Department of the Treasury Releases Greenbook, Outlining Tax Proposals to ...
ID 22196
On March 9, 2023, the U.S. Department of the Treasury has released the most recent so-called Green Book which summarizes the Fiscal Year 2024 revenue proposals of the Biden administration. The Green Book typically serves as a guidepost for U.S. legislators in their legislative activities concerning taxation of individuals, corporations, and other businesses. This year’s Green Book includes revenue (or tax) proposals with the ...
SFC issues quarterly report
ID 22167
The Securities and Futures Commission of Hong Kong, SFC, has published its latest Quarterly Report covering the period from October through December 2022. The report provides some general statistical data e.g. on mutual fund registrations, licenses granted, or enforcement actions, and also summarizes industry developments and the Commission’s regulatory activities during the specified period. Some of the highlights are noted below: **- the coming ...
The CNMV analyses the effects of the introduction of the financial transaction tax ...
ID 22166
The Spanish National Securities Market Commission (CNMV) has published a working paper assessing the impact of the introduction of the Financial Transaction Tax (FTT) on Spanish equity markets. The study analyses various dimensions of liquidity, volatility, and trading volume of the secondary markets where Spanish stocks are traded. Two complementary analyses were conducted: a difference-in-differences methodology and a regression discontinuity analysis. The first methodology ...
The climate and the economy
ID 22164
The European Central Bank (ECB) published a discussion paper in its „Working Paper Series: The climate and the economy“, examining the economic implications of climate change and the public policies being implemented to address it. The paper identifies key medium- and long-term effects on growth, innovation, inflation, financial markets, fiscal policy, and socio-economic outcomes. The authors argue that climate change will cause __income divergence, ...
Visites mystère en agences : des progrès accomplis dans le questionnement du client ...
ID 22149
The AMF issued a press release about its mystery shopping campaign which was conducted as part of a larger European exercise coordinated by ESMA. Ten other regulators from across Europe participated in the exercise, which focused on the costs and charges of financial products. Between June and October 2022, 210 mystery visits were made to 11 major retail banks in France. The visits were ...
23-046MR ASIC publishes report on good practices for handling whistleblower ...
ID 22112
ASIC has released its Good practices for handling whistleblower disclosures report (REP 758), aimed at helping entities improve their whistleblower programs and setting out good practices that ASIC observed in its review of seven entities from various industries. The goal of the report is to encourage entities to create effective and transparent arrangements for handling whistleblower disclosures and to ensure that whistleblowers are **protected ...
Wholesale trade data review – findings report [pdf]
ID 22108
The Financial Conduct Authority, FCA, has published the findings from a recent review of the market on trading data which is naturally dominated by large trading venues and which is of great importance to a wide range of users. Such users are, for instance, fund managers that use trade data to identify investment-worthy assets or to investment firms which need trade data to comply ...
Disclosure report – TARGET2-Securities assessment against the principles for ...
ID 22105
The European Central Bank (ECB) published the first disclosure report of the TARGET2-Securities assessment against the principles for financial market infrastructures. The disclosure report is based on a self-assessment against the Principles for Financial Market Infrastructures (PFMI) of the Committee on Payment and Market Infrastructures and the International Organisation of Securities Commissions (CPMI-IOSCO), the first comprehensive assessment since its go-live. The repor ...
Sustainable Finance in Europe: Regulatory State of Play
ID 22097
The Association for Financial Markets in Europe (AFME) has released an updated version of the “2021 Sustainable Finance in Europe: Regulatory State of Play“ report, which reviews the latest developments and their impact on banks and capital markets in Europe. The report focuses only on developments related to sustainable finance and does not cover areas of regulation that are impacted by new products and ...
ESMA finds that MCM had no measurable impact on financial markets under current ...
ID 22084
The European Securities and Markets Authority (ESMA) has published its Effects Assessment of the introduction of the market correction mechanism (MCM) on gas derivative markets. ESMA explored together with ACER (eventid=19975) whether there has been any shift in trading due to the MCM and found no changes in EU gas derivatives trading that could be directly attributed to it. The report also describes the ...