ESAS

ESAs publish joint Annual Report for 2020

Retrieved on: 
Thursday, April 8, 2021
European System of Financial Supervision, European Union, European Insurance and Occupational Pensions Authority, Government, ESAS, Joint committee, Credit rating agencies, Finance, Eurozone

07 April 2021

Key Points: 
  • 07 April 2021

    Joint Committee

    The Joint Committee of the European Supervisory Authorities (ESAs) EBA, EIOPA and ESMA published today its2020 Annual Report,providing a detailed account of all the joint work completed over the past year.

  • Under the EBA Chairmanship, the Joint Committee played a pivotal role in 2020 to ensure close cooperation among the Authorities in the context of the COVID-19 pandemic.
  • As part of the ESAs' continued efforts in overseeing market developments and cross-sectoral risks, the Joint Committee also prepared the first cross-sectoral COVID-19 risk assessment.
  • In the past year, the Joint Committee also adapted to the amended scope of issues under its remit, as laid down in the revised ESAs Founding Regulation.

ESAs publish joint Annual Report for 2020

Retrieved on: 
Wednesday, April 7, 2021
European System of Financial Supervision, European Union, European Insurance and Occupational Pensions Authority, ESAS, Government, Credit rating agencies, Finance, Eurozone

07 April 2021

Key Points: 
  • 07 April 2021

    The Joint Committee of the European Supervisory Authorities (ESAs) EBA, EIOPA and ESMA published today its2020 Annual Report,providing a detailed account of all the joint work completed over the past year.

  • Under the EBA Chairmanship, the Joint Committee played a pivotal role in 2020 to ensure close cooperation among the Authorities in the context of the COVID-19 pandemic.
  • As part of the ESAs' continued efforts in overseeing market developments and cross-sectoral risks, the Joint Committee also prepared the first cross-sectoral COVID-19 risk assessment.
  • In the past year, the Joint Committee also adapted to the amended scope of issues under its remit, as laid down in the revised ESAs Founding Regulation.

ESAs publish joint Annual Report for 2020

Retrieved on: 
Wednesday, April 7, 2021
European System of Financial Supervision, European Union, European Insurance and Occupational Pensions Authority, Government, ESAS, Joint committee, Credit rating agencies, Finance, Eurozone

07 April 2021

Key Points: 
  • 07 April 2021

    Joint Committee

    The Joint Committee of the European Supervisory Authorities (ESAs) EBA, EIOPA and ESMA published today its2020 Annual Report,providing a detailed account of all the joint work completed over the past year.

  • Under the EBA Chairmanship, the Joint Committee played a pivotal role in 2020 to ensure close cooperation among the Authorities in the context of the COVID-19 pandemic.
  • As part of the ESAs' continued efforts in overseeing market developments and cross-sectoral risks, the Joint Committee also prepared the first cross-sectoral COVID-19 risk assessment.
  • In the past year, the Joint Committee also adapted to the amended scope of issues under its remit, as laid down in the revised ESAs Founding Regulation.

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.

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Extended Stay America (STAY) Following Agreement to Sell the Company for $19.50 Per Share

Retrieved on: 
Wednesday, March 31, 2021
Financial markets, Finance, Money, Corporate finance, Economy of New York City, NASDAQ, Stock, ESAS

PHILADELPHIA, March 31, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating the Board of Directors of Extended Stay America, Inc. (ESA)(NASDAQ: STAY) on behalf of ESAs shareholders.

Key Points: 
  • PHILADELPHIA, March 31, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating the Board of Directors of Extended Stay America, Inc. (ESA)(NASDAQ: STAY) on behalf of ESAs shareholders.
  • Notably, shares of ESAs common stock have traded as high as $20.00 per share following the announcement of the proposed transaction.
  • ESA shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.)
  • Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation.

EXTENDED STAY AMERICA (STAY) SHAREHOLDER ALERT: Kaskela Law LLC Announces Stockholder Investigation Following Agreement to Sell the Company for $19.50 Per Share

Retrieved on: 
Tuesday, March 23, 2021
Financial markets, Finance, Money, Corporate finance, Economy of New York City, NASDAQ, Stock, ESAS

PHILADELPHIA, March 23, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating the Board of Directors of Extended Stay America, Inc. (ESA)(NASDAQ: STAY) on behalf of ESAs shareholders.

Key Points: 
  • PHILADELPHIA, March 23, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating the Board of Directors of Extended Stay America, Inc. (ESA)(NASDAQ: STAY) on behalf of ESAs shareholders.
  • Notably, shares of ESAs common stock have traded as high as $20.00 per share following the announcement of the proposed transaction.
  • ESA shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.)
  • Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation.

ESAs consult on Taxonomy–related product disclosures

Retrieved on: 
Thursday, March 18, 2021
ESAS

These economic activities are defined by the EU Regulation on the establishment of a framework to facilitate sustainable investment (Taxonomy Regulation).

Key Points: 
  • These economic activities are defined by the EU Regulation on the establishment of a framework to facilitate sustainable investment (Taxonomy Regulation).
  • The proposed draft RTS aim to:

    The consultation paper includes additional taxonomy-related disclosures concern information about which environmental objectives the investments of the product contribute to, and information about how, and to what extent, the activities funded by the product are Taxonomy-aligned.

  • The ESAs proposal on how and to what extent activities funded by the product are taxonomy- aligned, consist of two elements:

    The ESAs also propose to standardise the presentation of the disclosures by amending the templates for the pre-contractual and periodic disclosures proposed in the draft RTS under the SFDR, by adding a new section that includes the disclosures required under the Taxonomy Regulation.

  • By amending the SFDR, the Taxonomy Regulation empowered the ESAs to develop draft RTS on additional pre-contractual, and periodic disclosure, obligations for financial products making sustainable investments with environmental objectives.

ESAs consult on Taxonomy–related product disclosures

Retrieved on: 
Wednesday, March 17, 2021
ESAS

These economic activities are defined by the EU Regulation on the establishment of a framework to facilitate sustainable investment (Taxonomy Regulation).

Key Points: 
  • These economic activities are defined by the EU Regulation on the establishment of a framework to facilitate sustainable investment (Taxonomy Regulation).
  • The proposed draft RTS aim to:

    The consultation paper includes additional taxonomy-related disclosures concern information about which environmental objectives the investments of the product contribute to, and information about how, and to what extent, the activities funded by the product are Taxonomy-aligned.

  • The ESAs proposal on how and to what extent activities funded by the product are taxonomy- aligned, consist of two elements:

    The ESAs also propose to standardise the presentation of the disclosures by amending the templates for the pre-contractual and periodic disclosures proposed in the draft RTS under the SFDR, by adding a new section that includes the disclosures required under the Taxonomy Regulation.

  • By amending the SFDR, the Taxonomy Regulation empowered the ESAs to develop draft RTS on additional pre-contractual, and periodic disclosure, obligations for financial products making sustainable investments with environmental objectives.

EXTENDED STAY ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of STAY and Encourages Investors to Contact the Firm

Retrieved on: 
Monday, March 15, 2021
European Space Agency, Space policy of the European Union, Security, Derivative, ESAS, Continents

On March 15, 2021, ESA announced that it had signed an agreement to be acquired by Blackstone and Starwood for approximately $6 billion.

Key Points: 
  • On March 15, 2021, ESA announced that it had signed an agreement to be acquired by Blackstone and Starwood for approximately $6 billion.
  • Pursuant to the merger agreement, ESA stockholders will receive $19.50 in cash for each share of ESA common stock owned.
  • Bragar Eagel & Squire is concerned that ESAs board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

The three European Supervisory Authorities publish Final Report and draft RTS on disclosures under SFDR

Retrieved on: 
Thursday, February 4, 2021
European Union, European System of Financial Supervision, European Insurance and Occupational Pensions Authority, Government, ESAS

04 February 2021

Key Points: 
  • 04 February 2021

    The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA ESAs) delivered today to the European Commission (EC) the Final Report, including the draft Regulatory Technical Standards (RTS), on the content, methodologies and presentation of disclosures under the EU Regulation on sustainability-related disclosures in the financial services sector (SFDR).

  • The ESAs have listened to the consultation feedback from stakeholders and have adjusted the proposed disclosures.
  • The ESAs have proposed in these draft RTS that the application date of the RTS should be 1 January 2022.
  • The Final Report takes into account the feedback received on the consultation paper launched in April 2020.