European Securities and Markets Authority

ESMA updates the European Single Electronic Format Reporting Manual

Retrieved on: 
Wednesday, September 6, 2023
European Securities and Markets Authority, Taxonomy, Inline, Element, ESEF, ESMA, XHTML, RTS, Asset management, Risk management

ESMA updates the European Single Electronic Format Reporting Manual

Key Points: 
  • ESMA updates the European Single Electronic Format Reporting Manual
    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today published the annual update of its Reporting Manual on the European Single Electronic Format (ESEF).
  • The purpose of the ESEF Reporting Manual is to promote a harmonised and consistent approach for the preparation of annual financial reports in the format specified in the RTS on ESEF.
  • Next steps
    Issuers are expected to follow the guidance provided in the ESEF Reporting Manual when preparing their 2023 annual financial reports.
  • Software firms are also expected to follow the ESEF Reporting Manual guidance when developing software used for the preparation of annual financial reports in Inline XBRL.

ESMA seeks experts for new Consultative Working Groups under its Risk Committee

Retrieved on: 
Friday, September 1, 2023
European Securities and Markets Authority, CWG, Interest, ESG, Risk, ESMA, Finance, RSC, Vulnerability and Risk Committee

ESMA seeks experts for new Consultative Working Groups under its Risk Committee

Key Points: 
  • ESMA seeks experts for new Consultative Working Groups under its Risk Committee
    01/09/2023
    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is seeking candidates for its two Consultative Working Groups (CWG) of the Risk Standing Committee (RSC).
  • - The first CWG will support the Investor Trends and Research Working Group (IRWG) of the RSC and has a focus on consumers, ESG and innovation related topics.
  • We are hence looking for experts in the fields of consumers, ESG and innovation.
  • - The second CWG supports the Financial Stability and Risk Monitoring Working Group (FRWG) of the RSC and has a focus on topics related to financial stability and orderly markets.

ESMA sees prevailing market uncertainty as downside risks rise

Retrieved on: 
Thursday, August 31, 2023
Crypto, European Securities and Markets Authority, CCP, Artificial intelligence, Synthetic media, Uncertainty, ESG, Trust, Environment, Investment, Attention, TRV, Risk, Chair, Security (finance), Renewable energy, ESMA, EU

ESMA sees prevailing market uncertainty as downside risks rise

Key Points: 
  • ESMA sees prevailing market uncertainty as downside risks rise
    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today publishes the second Trends, Risks and Vulnerabilities (TRV) Report of 2023.
  • ESMA sees that financial markets are adapting to the new economic environment of durably higher inflation and interest rates, however risks remain high in ESMA’s remit.
  • Verena Ross, Chair, said:
    “Financial market sentiment improved in the first half of the year, despite the market stress originating from the US banking sector.
  • The downside risks have increased while there remains a high degree of market and investor nervousness.

ESMA publishes data for quarterly bond liquidity assessment, the systematic internaliser calculations and the CTP calculations

Retrieved on: 
Wednesday, August 2, 2023
European Securities and Markets Authority, Compliance, SI, Observation, XML, ESMA, Markets in Financial Instruments Directive 2014, Publication, CTP, Register, RTS, OTC, Medical device, Security (finance), EU

ESMA publishes data for quarterly bond liquidity assessment, the systematic internaliser calculations and the CTP calculations

Key Points: 
  • ESMA publishes data for quarterly bond liquidity assessment, the systematic internaliser calculations and the CTP calculations
    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published the new quarterly liquidity assessment of bonds, the data for the quarterly systematic internaliser calculations for equity, equity-like instruments, bonds and for other non-equity instruments and the consolidated tape provider (CTP) under MiFID II and MiFIR.
  • Bonds quarterly liquidity assessment
    ESMA has published the latest quarterly liquidity assessment for bonds available for trading on EU trading venues.
  • ESMA updates the bond market liquidity assessments quarterly.
  • ESMA also publishes two completeness indicators related to bond liquidity data.

Convergint’s STEP Up for Schools Initiative Completes 100+ Security and Life Safety Projects for Schools Across the United States

Retrieved on: 
Tuesday, August 1, 2023
Security, Other Education, Other Technology, Technology, Education, Secure, STEP, Lamb, Marketing, Step Up, School, Student, Mother of God School, European Securities and Markets Authority, Faculty, City, Social, Social responsibility, Cryptocurrency, Nursing

As part of this program, Convergint and its partners work to provide districts in underserved communities with interior and exterior security system installations, upgrades, and assessments—including cybersecurity, fire alarm services, physical security, and emergency communications—at no cost to the schools.

Key Points: 
  • As part of this program, Convergint and its partners work to provide districts in underserved communities with interior and exterior security system installations, upgrades, and assessments—including cybersecurity, fire alarm services, physical security, and emergency communications—at no cost to the schools.
  • As these projects typically take weeks to complete, Convergint’s efforts resulted in a nearly $200,000 donation in the form of labor, equipment, and partner participation.
  • “We’re grateful to receive this security system upgrade as a donation from Convergint, and we appreciate the extra work they did around the school.
  • I encourage any school that’s interested to apply to Convergint’s STEP Up program.”
    For more information about STEP Up, eligibility requirements for schools, and free safety checklists and resources from Convergint, visit www.convergint.com/STEPUp .

EQS-News: Logwin: Sales and earnings development in line with clouded market environment

Retrieved on: 
Monday, July 31, 2023
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Grevenmacher (Luxembourg) – The Logwin Group's sales of EUR 673.0m declined as expected in the first half of 2023 following the surge in sales in previous years (2022: EUR 1,168.7m).

Key Points: 
  • Grevenmacher (Luxembourg) – The Logwin Group's sales of EUR 673.0m declined as expected in the first half of 2023 following the surge in sales in previous years (2022: EUR 1,168.7m).
  • This development is attributable to the significant year-on-year decline in air and ocean freight rates and reduced volumes worldwide.
  • The Logwin Group's operating result (EBITA) of EUR 51.3m was below the previous year's result (2022: EUR 71.8m).
  • The Air + Ocean business segment generated a half-year result significantly below prior-year level in a more clouded market environment than in previous periods.

ESMA and the EBA assess the implementation of the revised Shareholder Rights Directive and identify areas for progress

Retrieved on: 
Friday, July 28, 2023
Review, Communication, Civil service commission, European Banking Authority, Policy, EBA, Shareholder rights plan, European Securities and Markets Authority, Report, European, ESMA, European Commission, Risk management, Financial adviser, EU

ESMA and the EBA assess the implementation of the revised Shareholder Rights Directive and identify areas for progress

Key Points: 
  • ESMA and the EBA assess the implementation of the revised Shareholder Rights Directive and identify areas for progress
    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, jointly with the European Banking Authority (EBA), today published a Report assessing the implementation of the Shareholder Rights Directive 2 (SRD2).
  • In the report, ESMA analyses the implementation of certain provisions in the SRD2 in the areas of proxy advisors and the investment chain:
    - For proxy advisors the current framework has proved robust overall.
  • Still, certain improvements could be put in place, for example in connection to conflicts of interest.
  • In addition, ESMA proposes the introduction of a registration mechanism for proxy advisors at the EU level.

The EBA and ESMA assess the implementation of the revised Shareholder Rights Directive and identify areas for progress

Retrieved on: 
Thursday, July 27, 2023
Policy, Disclosure, European Securities and Markets Authority, ESMA, European Banking Authority, EBA, Shareholder Rights Directive 2007, Report, European Commission, Civil service commission, Medical device, EU, European

27 July 2023

Key Points: 
  • 27 July 2023
    The European Banking Authority (EBA), jointly with the European Securities and Markets Authority (ESMA), today published a Report assessing the implementation of the Shareholder Rights Directive 2 (SRD2).
  • In the Report the EBA analyses the implementation of certain provisions in the SRD2 in relation to the charges applied by intermediaries and the practices of third country intermediaries.
  • The EBA notes that on these aspects there is room for improvement to increase competition among players and reduce the negative impact of costs on investors’ engagement.
  • The EBA has worked together with ESMA, who has analysed the implementation of the SRD2 and provided suggestions in the areas of proxy advisors and the investment chain.

Fannie Mae Prices $766 Million Connecticut Avenue Securities (CAS) REMIC Deal

Retrieved on: 
Thursday, July 20, 2023
StoneX Group Inc., Morgan Stanley, Minority, Bank of America, EU, European Securities and Markets Authority, Fannie Mae, Nomura, Disclosure, Computer Associates International, Inc. v. Altai, Inc., Nomura Securities, Data, Annex, CAS, ESMA, Cantor, News, Bank, GrapeCity

Co-managers are Cantor Fitzgerald & Co. ("Cantor"), Morgan Stanley & Co, LLC ("Morgan Stanley"), Nomura Securities International Inc. ("Nomura"), and Santander US Capital Markets LLC ("Santander").

Key Points: 
  • Co-managers are Cantor Fitzgerald & Co. ("Cantor"), Morgan Stanley & Co, LLC ("Morgan Stanley"), Nomura Securities International Inc. ("Nomura"), and Santander US Capital Markets LLC ("Santander").
  • Selling group members are Minority and Service-Disabled Veteran-owned Academy Securities, Inc. and African-American-owned Loop Capital Markets LLC.
  • In addition, Fannie Mae provides monthly loan-level and deal-level data in European Securities and Markets Authority (ESMA) Annex 2 and Annex 12 template formats directly in Data Dynamics.
  • In addition to our flagship CAS program, Fannie Mae continues to transfer mortgage credit risk through its Credit Insurance Risk Transfer™ (CIRT™) reinsurance program.

ESMA proposes revised technical standards on anti-procyclicality margin measures

Retrieved on: 
Thursday, July 20, 2023
European Securities and Markets Authority, CCP, Adoption, Dive (Belgian band), ESMA, APC, Final Report of the Task Force on Combating Terrorist and Foreign Fighter Travel, European Parliament, Civil service commission, European Commission, RTS, Council, European, Medical device

ESMA proposes revised technical standards on anti-procyclicality margin measures

Key Points: 
  • ESMA proposes revised technical standards on anti-procyclicality margin measures
    The European Securities and Markets Authority (ESMA) the EU’s financial markets regulator and supervisor, published today a Final Report reviewing the RTS to further harmonise CCP policies and procedures for selecting, assessing and reviewing anti-procyclicality (APC) margin measures.
  • The revised RTS aim to harmonise the policies and procedures for selecting and reviewing the anti-procyclicality margin measures and to provide more granularity on design and use of specific APC tools, while ensuring sufficient flexibility for the CCPs to adapt to given market situations.
  • Next steps
    The Final Report is submitted to the European Commission for endorsement within three months in the form of an amending Delegated Regulation.
  • Following their adoption, the RTS would then be subject to the non-objection of the European Parliament and of the Council.