In May 2019 the European Banking Authority (EBA) adopted new rules regarding the Minimum Requirement for own funds and Eligible Liabilities (MREL) and the Total Loss Absorbing Capacity (TLAC).
Regulatory Technology, or RegTech, could help transform today’s regulatory landscape, drawing on similar advances as FinTech to improve the efficiency, utility and cost of supervision.
The Australian Prudential Regulation Authority (APRA), which oversees Australia’s financial sector, is planning to align its prudential standards for insurance companies with international insurance standards.
The Financial Stability Board (FSB) announced that the Global Legal Entity Identifier Foundation (GLEIF), responsible for the LEI, would begin overseeing the unique identifiers used to track over-the-counter (OTC) derivatives this week from 1 October.
This year has seen huge changes – from regulatory extensions and shifting deadlines to a wholesale shift in the way we work, Covid-19 has caused serious disruption. But what will regulation look like as the dust settles?
A recent European Commission (EC) consultation – designed to inform the new EU digital finance strategy – has been considering amendments to the EU regulatory framework in response to rapidly evolving financial-technology landscape.
In a recent speech Benoît Cœuré, Head of the Bank for International Settlements (BIS) Innovation Hub, asked the listener to imagine a world where regulators have access to big data sets of high granularity, diversity, and frequency.
While FinTech is more frequently in the news, regulatory technology, or RegTech, shouldn’t be overlooked. RegTech has the potential to transform regulation and supervision, making supervisory reporting more efficient, useful and cost-effective.
An article by Tajinder Singh, Deputy Secretary General, at the International Organisation of Securities Commissions (IOSCO), this week highlighted the work that IOSCO has done to help keep capital markets open and functioning during the pandemic.
Following fifteen months of preparation, the European Securities and Markets Authority (ESMA) oversaw a successful first day of reporting by financial market participants of securitised financing transaction (SFT) data to EU trade repositories (TRs) this week.
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