Esma

ESMA ORGANISES SECOND WORKSHOP ON “CCP MARGINS AND PROCYCLICALITY IN TIMES OF CRISIS’’

Retrieved on: 
Tuesday, June 8, 2021

08 June 2021

Key Points: 
  • 08 June 2021

    CCP Directorate

    The European Securities and Markets Authority, the EUs securities markets regulator, is organising itssecond workshop on CCP margins and procyclicality in times of crisis which will take place on 17 June 2021 from 2:30 to 5:00 PM (Paris time).

  • Speakers from ESMA (Nicoletta Giusto, Andreas Georgopoulos), from the ESRB (Mieke Wennekes) and from the private sector (Vanaja Indra, Insight Investments; Barry Hadingham, Aviva Investors; Gerrit van den Akker, NNIP; and Vicky Hsu, Blackrock) will give presentations.
  • The presentations will be followed by a Q&A session.

ESMA issues an opinion on Product Intervention Measures on Turbos

Retrieved on: 
Tuesday, June 8, 2021

08 June 2021

Key Points: 
  • 08 June 2021

    MiFID - Investor Protection

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today issued an opinion on product intervention measures communicated by The Netherlands Authority for the Financial Markets (AFM).

  • Background

    NCAs may take product intervention measures in accordance with Article 42 of Regulation (EU) No 600/2014.

  • In accordance with Article 43 of Regulation (EU) No 600/2014, ESMA performs a facilitation and coordination role in relation to such product intervention measures taken by NCAs.
  • The opinions that ESMA previously issued on proposed national product intervention measures are published on itswebsite.

ESMA launches 2021 Central Counterparties Stress Test

Retrieved on: 
Tuesday, June 8, 2021

07 June 2021

Key Points: 
  • 07 June 2021

    CCP Directorate

    Post Trading

    Press Releases

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published the framework for its fourth Stress Test for Central Counterparties (CCPs).

  • In this respect, the ESMA CCP Stress Test is an essential supervisory tool that contributes to financial stability and supervisory convergence in the EU.
  • The new stress test exercise has the following components:

    ESMA will also carry out an additional analysis of CCPs resources and participants.

  • The purpose of the stress test is to assess a CCPs resilience to macro-economic scenarios that can have a global impact.

ESMA launches 2021 Central Counterparties Stress Test

Retrieved on: 
Monday, June 7, 2021

07 June 2021

Key Points: 
  • 07 June 2021

    CCP Directorate

    Post Trading

    Press Releases

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published the framework for its fourth Stress Test for Central Counterparties (CCPs).

  • In this respect, the ESMA CCP Stress Test is an essential supervisory tool that contributes to financial stability and supervisory convergence in the EU.
  • The new stress test exercise has the following components:

    ESMA will also carry out an additional analysis of CCPs resources and participants.

  • The purpose of the stress test is to assess a CCPs resilience to macro-economic scenarios that can have a global impact.

TSMC Unveils Innovations at 2021 Online Technology Symposium

Retrieved on: 
Wednesday, June 2, 2021

TSMC (TWSE: 2330, NYSE: TSM) is unveiling its latest innovations in advanced logic technology, specialty technologies, and TSMC 3DFabric advanced packaging and chip stacking technologies at the Companys 2021 Technology Symposium.

Key Points: 
  • TSMC (TWSE: 2330, NYSE: TSM) is unveiling its latest innovations in advanced logic technology, specialty technologies, and TSMC 3DFabric advanced packaging and chip stacking technologies at the Companys 2021 Technology Symposium.
  • Over 5,000 customers and technology partners around the world have registered for our 2021 Technology Symposium, being held from June 1-2.
  • Our global Technology Symposium highlights many of the ways we are enhancing and expanding our technology portfolio to unleash our customers innovations.
  • TSMC N4 development has proceeded smoothly since its announcement at the 2020 Technology Symposium, with risk production set for the third quarter of 2021.

ESMA publishes latest edition of its Newsletter

Retrieved on: 
Wednesday, June 2, 2021

01 June 2021

Key Points: 
  • 01 June 2021

    ESMA newsletter

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published its latest edition oftheNewsletter Spotlight on Markets.

  • Your one-stop-shop in the world of financial markets focuses this month on the Working Group on Euro Risk Free Rates and ESMAs response to the European Supervisory Authorities consultation.
  • While at the end of May we said goodbye to Verena Ross, our Executive Director for the past 10 years.
  • She has been a model for many, professional, approachable, and a powerful voice for women in finance.

ESMA publishes latest edition of its Newsletter

Retrieved on: 
Tuesday, June 1, 2021

01 June 2021

Key Points: 
  • 01 June 2021

    ESMA newsletter

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published its latest edition oftheNewsletter Spotlight on Markets.

  • Your one-stop-shop in the world of financial markets focuses this month on the Working Group on Euro Risk Free Rates and ESMAs response to the European Supervisory Authorities consultation.
  • While at the end of May we said goodbye to Verena Ross, our Executive Director for the past 10 years.
  • She has been a model for many, professional, approachable, and a powerful voice for women in finance.

ESMA issues a negative opinion on an Accepted Market Practice on liquidity contracts proposed by the French AMF

Retrieved on: 
Monday, May 31, 2021

31 May 2021

Key Points: 
  • 31 May 2021

    Market Abuse

    Market Integrity

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published a negative opinion on the intended Accepted Market Practice (AMP) notified by the French Autorit des Marchs Financiers (AMF).

  • Those are the absence of limits on positions and the presence of volume and resources limits which are significantly higher compared to that recommended in the 2017 ESMA Opinion on Points for Convergence.
  • ESMA must issue its opinion, which is not binding, within two months of the notification, which was received on 31 March 2021.
  • Should the AMF decide to establish its AMP contrary to the ESMA Opinion, it will have to publish on its website the relevant reasons, including why the AMF believes that the AMP does not threaten market confidence.

ESMA issues a negative opinion on an Accepted Market Practice on liquidity contracts proposed by the French AMF

Retrieved on: 
Monday, May 31, 2021

31 May 2021

Key Points: 
  • 31 May 2021

    Market Abuse

    Market Integrity

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published a negative opinion on the intended Accepted Market Practice (AMP) notified by the French Autorit des Marchs Financiers (AMF).

  • Those are the absence of limits on positions and the presence of volume and resources limits which are significantly higher compared to that recommended in the 2017 ESMA Opinion on Points for Convergence.
  • ESMA must issue its opinion, which is not binding, within two months of the notification, which was received on 31 March 2021.
  • Should the AMF decide to establish its AMP contrary to the ESMA Opinion, it will have to publish on its website the relevant reasons, including why the AMF believes that the AMP does not threaten market confidence.

ESMA updates its Opinion on reporting information under the AIFMD

Retrieved on: 
Saturday, May 29, 2021

28 May 2021

Key Points: 
  • 28 May 2021

    Fund Management

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator,has updated the Opinion Collection of information for the effective monitoring of systemic risk under Article 24(5), first sub-paragraph, of the AIFMD, in the context of AIFMD reporting.

  • The ESMA Opinion provides details on a set of additional information that, in ESMA view, NCAs could require AIFMs to report on a periodic basis pursuant to Article 24(5), first sub-paragraph of the AIFMD.
  • In particular, the updates aim at providing clarifications to three risk measures (Value-at-Risk, Net FX delta and Net commodity delta) already included in the Opinion in the section Information on risk measures.
  • The new Q&As provide clarification on the reporting of three risk measures included in the AIFMD: Net DV01, NET CS01, Net Equity Delta.