European System of Financial Supervision

EBA launched public consultation on regulatory technical standards on disclosure of investment policy by investment firms

Retrieved on: 
Wednesday, March 31, 2021
European Union, Eurozone, European Banking Authority, La Défense, Economy of Europe, EBA, European System of Financial Supervision

31 March 2021

Key Points: 
  • 31 March 2021

    The European Banking Authority (EBA) published today a consultation paper on draft regulatory technical standards (RTS) on disclosure of investment policy by investment firms.

  • These disclosure requirements apply to class 2 investment firms with total assets above EUR 100 million.
  • Consultation process

    Comments to this consultation can be sent to the EBA by clicking on the "send your comments" button on the consultation page.

  • The same Article mandates the EBA to develop in consultation with the European Securities and Markets Authority (ESMA) draft regulatory technical standards (RTS) to specify templates for investment policy disclosure of investment firms.

EU financial regulators warn of an expected deterioration of asset quality

Retrieved on: 
Wednesday, March 31, 2021
Government agencies, European System of Financial Supervision, Agencies of the European Union, European Union, Eurozone, Finance, European Insurance and Occupational Pensions Authority, Systemic risk, ESAS, European Systemic Risk Board, Dagong Europe Credit Rating

31 March 2021

Key Points: 
  • 31 March 2021

    The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) issued today their first joint risk assessment report of 2021.

  • The report highlights how the COVID-19 pandemic continues to weigh heavily on short-term recovery prospects.
  • It also highlights a number of vulnerabilities in the financial markets and warns of possible further market corrections.
  • In addition, the Joint Committee also plays an important role in the exchange of information with the European Systemic Risk Board.

ESA’s Joint Board of Appeal dismissed appeal by Appellant “A” against the European Securities and Markets Authority

Retrieved on: 
Tuesday, March 30, 2021
European Union, Government agencies, Government, European System of Financial Supervision, European Insurance and Occupational Pensions Authority, European Securities and Markets Authority, European Banking Authority, Esma, European Union law

29 March 2021

Key Points: 
  • 29 March 2021

    Board of Appeal

    The Joint Board of Appeal of the European Supervisory Authorities (ESAs European Banking Authority, European Insurance and Occupational Pensions Authority, and European Securities and Markets Authority) unanimously decided that the appeal brought by an institution that wishes to stay anonymous (Appellant A) against the European Securities and Markets Authority (ESMA) is inadmissible.

  • The appeal was in relation to the launch of an investigation into an alleged breach of EU law by a National Competent Authority (NCA).
  • Central to this appeal is a Decision by ESMA not to investigate the approach adopted by a Member States NCA as regards the valuation of Structured Retail Products (SRPs) and the identification of a series of EU law provisions which, the Appellant A argues, have not been applied correctly by the NCA.
  • After careful consideration, the Board of Appeal unanimously decided that the appeal is inadmissible.

ESA’s Joint Board of Appeal dismissed appeal by Appellant “A” against the European Securities and Markets Authority

Retrieved on: 
Tuesday, March 30, 2021
European Union, Government agencies, Government, European System of Financial Supervision, European Insurance and Occupational Pensions Authority, European Securities and Markets Authority, European Banking Authority, Esma, European Union law

29 March 2021

Key Points: 
  • 29 March 2021

    Board of Appeal

    The Joint Board of Appeal of the European Supervisory Authorities (ESAs European Banking Authority, European Insurance and Occupational Pensions Authority, and European Securities and Markets Authority) unanimously decided that the appeal brought by an institution that wishes to stay anonymous (Appellant A) against the European Securities and Markets Authority (ESMA) is inadmissible.

  • The appeal was in relation to the launch of an investigation into an alleged breach of EU law by a National Competent Authority (NCA).
  • Central to this appeal is a Decision by ESMA not to investigate the approach adopted by a Member States NCA as regards the valuation of Structured Retail Products (SRPs) and the identification of a series of EU law provisions which, the Appellant A argues, have not been applied correctly by the NCA.
  • After careful consideration, the Board of Appeal unanimously decided that the appeal is inadmissible.

Big Nerd Ranch and ADK Group to Combine Digital Product and Web Development Expertise Through Recent projekt202 Acquisition

Retrieved on: 
Monday, March 29, 2021
Articles, Agencies of the European Union, European Union, Feminine given names, Government agencies, European System of Financial Supervision, European Securities and Markets Authority, European Insurance and Occupational Pensions Authority, Esma, ADK, Nerd

"Our team at Big Nerd Ranch is thrilled to welcome ADK to the projeck202 family," said Big Nerd Ranch GM, Stacy Henry.

Key Points: 
  • "Our team at Big Nerd Ranch is thrilled to welcome ADK to the projeck202 family," said Big Nerd Ranch GM, Stacy Henry.
  • "Our focus on Digital Product Development, mobile applications, and Customer Experience (CX) complements the breadth of web development expertise that ADK brings, especially in the digital health sector.
  • ADK's expertise in web development platforms will mesh well with Big Nerd Ranch's focus on mobile and multi-platform development.
  • As a part of the projekt202 family, ADK looks to bring additional depth to Big Nerd Ranch's already well-respected digital product development skill set.

ESA’s Joint Board of Appeal dismissed appeal by Appellant “A” against the European Securities and Markets Authority

Retrieved on: 
Monday, March 29, 2021
European Union, Government agencies, Government, European System of Financial Supervision, European Insurance and Occupational Pensions Authority, European Securities and Markets Authority, Esma, European Banking Authority, European Union law

29 March 2021

Key Points: 
  • 29 March 2021

    The Joint Board of Appeal of the European Supervisory Authorities (ESAs European Banking Authority, European Insurance and Occupational Pensions Authority, and European Securities and Markets Authority) unanimously decided that the appeal brought by an institution that wishes to stay anonymous (Appellant A) against the European Securities and Markets Authority (ESMA) is inadmissible.

  • The appeal was in relation to the launch of an investigation into an alleged breach of EU law by a National Competent Authority (NCA).
  • Central to this appeal is a Decision by ESMA not to investigate the approach adopted by a Member States NCA as regards the valuation of Structured Retail Products (SRPs) and the identification of a series of EU law provisions which, the Appellant A argues, have not been applied correctly by the NCA.
  • After careful consideration, the Board of Appeal unanimously decided that the appeal is inadmissible.

Lily Blavin Accepted Into Forbes Business Council

Retrieved on: 
Friday, March 26, 2021
European System of Financial Supervision, Agencies of the European Union, European Union, European Insurance and Occupational Pensions Authority, Forbes, Government, Europe

LOS ANGELES, March 26, 2021 /PRNewswire/ --Lily Blavin is the founder of Lightning Strikes Productions, an independent production company founded by Lily Blavin.

Key Points: 
  • LOS ANGELES, March 26, 2021 /PRNewswire/ --Lily Blavin is the founder of Lightning Strikes Productions, an independent production company founded by Lily Blavin.
  • Blavinhas been accepted into the Forbes Business Council, the foremost growth and networking organization for successful business owners and leaders worldwide.
  • "We are honored to welcome Lily Blavin into the community," said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Business Council.
  • Finally, Lily Blavin will benefit from exclusive access to vetted business service partners, membership-branded marketing collateral, and the high-touch support of the Forbes Councils member concierge team.

ESAs publish Joint Opinion on jurisdictional scope under the Securitisation Regulation

Retrieved on: 
Saturday, March 27, 2021
European System of Financial Supervision, European Union, European Insurance and Occupational Pensions Authority, Government

26 March 2021

Key Points: 
  • 26 March 2021

    Securitisation

    The European Supervisory Authorities (EBA, EIOPA and ESMA ESAs) today published a Joint Opinion on the jurisdictional scope of the obligations of the non-EU parties to securitisations under the Securitisation Regulation (SECR).

  • The purpose of the Joint Opinion is to facilitate the understanding of certain SECR provisions in cases where third-country entities become parties to a securitisation.
  • The Joint Opinion aims to clarify the potential obligations of those third-country parties, as well as related compliance aspects of a transaction under SECR, and is intended to help improve the functioning of EU securitisation markets.
  • The ESAs, in their Joint Opinion, set out their common view on the practical difficulties faced by market participants in connection with the jurisdictional scope of application of various provisions in the SECR in the following four scenarios:

    The Joint Opinion recommends that these difficulties should be addressed, where possible, through interpretative guidance from the European Commission.

ESAs publish Joint Opinion on jurisdictional scope under the Securitisation Regulation

Retrieved on: 
Saturday, March 27, 2021
European System of Financial Supervision, European Union, European Insurance and Occupational Pensions Authority, Government

26 March 2021

Key Points: 
  • 26 March 2021

    Securitisation

    The European Supervisory Authorities (EBA, EIOPA and ESMA ESAs) today published a Joint Opinion on the jurisdictional scope of the obligations of the non-EU parties to securitisations under the Securitisation Regulation (SECR).

  • The purpose of the Joint Opinion is to facilitate the understanding of certain SECR provisions in cases where third-country entities become parties to a securitisation.
  • The Joint Opinion aims to clarify the potential obligations of those third-country parties, as well as related compliance aspects of a transaction under SECR, and is intended to help improve the functioning of EU securitisation markets.
  • The ESAs, in their Joint Opinion, set out their common view on the practical difficulties faced by market participants in connection with the jurisdictional scope of application of various provisions in the SECR in the following four scenarios:

    The Joint Opinion recommends that these difficulties should be addressed, where possible, through interpretative guidance from the European Commission.

Global Face Shield Market Report 2021-2030: Disposable, Reusable, Polycarbonate, Cellulose Acetate, Healthcare, Construction, Chemical, Oil & Gas, Manufacturing

Retrieved on: 
Friday, March 26, 2021
European System of Financial Supervision, European Insurance and Occupational Pensions Authority, Government

DUBLIN, March 26, 2021 /PRNewswire/ -- The "Face Shield Global Market Report 2021: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 26, 2021 /PRNewswire/ -- The "Face Shield Global Market Report 2021: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
  • Face Shield Global Market Report 2021: COVID-19 Growth and Change provides the strategists, marketers and senior management with the critical information they need to assess the global face shield market.
  • The global face shield market is expected to grow from $2.60 billion in 2020 to $2.86 billion in 2021 at a compound annual growth rate (CAGR) of 9.8%.
  • The face shield market consists of sales of face shields and related services by entities (organizations, sole traders and partnerships) that manufacture face shield that is worn over the face as personal protective equipment.