Systemic risk

ESMA PUBLISHES ANNUAL PEER REVIEW OF EU CCP SUPERVISION

Retrieved on: 
Friday, April 9, 2021
Systemic risk, Financial markets, Finance, Money, European Union, Corporate law, Financial regulation, European Market Infrastructure Regulation, European Securities and Markets Authority, Single Supervisory Mechanism, Stress test, Central counterparty clearing

08 April 2021

Key Points: 
  • 08 April 2021

    CCP Directorate

    Supervisory convergence

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published itsannual peer review reporton the supervision of EU Central Counterparties (CCPs) by National Competent Authorities (NCAs).

  • The Peer Review measured the effectiveness of NCA supervisory practices in assessing CCP compliance with EMIRs requirements on liquidity stress testing.
  • However, the peer review showed that the assessment of some areas of liquidity stress testing was not always performed or being evidenced sufficiently.
  • The CCP Supervisory Committee is mandated to conduct, at least annually, a peer review analysis of the supervisory activities of all NCAs in relation to the authorisation and the supervision of CCPs in accordance with Article 30 of Regulation (EU) No 1095/2010 (ESMA Regulation).

ESMA PUBLISHES DRAFT REGULATORY TECHNICAL STANDARDS ON CHANGES TO CCPS’ ACTIVITIES AND MODELS

Retrieved on: 
Friday, April 9, 2021
Financial markets, Systemic risk, Finance, Agencies of the European Union, European Union, Money, Financial regulation, European Market Infrastructure Regulation, Central counterparty clearing, European Securities and Markets Authority, Esma, Regulation

The European Securities and Markets Authority, the EUs securities markets regulator, today published its Final Report containing draft regulatory technical standards (RTS) relating to changes to central counterparty (CCP) services and activities, as well as models and parameters under the European Markets Infrastructure Regulation (EMIR).

Key Points: 
  • The European Securities and Markets Authority, the EUs securities markets regulator, today published its Final Report containing draft regulatory technical standards (RTS) relating to changes to central counterparty (CCP) services and activities, as well as models and parameters under the European Markets Infrastructure Regulation (EMIR).
  • Prior to making any significant change to its risk models or parameters, a CCP must also obtain validation from its competent authority and ESMA (Article 49).
  • The European System of Central Banks, the European Banking Authority and other relevant authorities have contributed to the drafting of the RTS.
  • ESMA submits the draft RTS to the European Commission for endorsement, following which the Commission Delegated Regulation will be subject to the non-objection of the European Parliament and the Council.

ESMA makes recommendations for Organised Trading Facilities under MiFID II/MiFIR

Retrieved on: 
Friday, April 9, 2021
Financial markets, Feminine given names, Finance, Financial regulation, Directive 2014/65/EU, European Union, Systemic risk, European Securities and Markets Authority, Esma, RSRCHXchange

08 April 2021

Key Points: 
  • 08 April 2021

    MiFID - Investor Protection

    MiFID - Secondary Markets

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published its Final Report on the functioning of Organised Trading Facilities (OTFs).

  • The report contains recommendations and possible amendments to MiFID II/MiFIR with a view to reducing the level of complexity for market participants and making the legal framework more effective.
  • While some proposals can be implemented by ESMA directly by publishing ESMA guidance, other recommendations are addressed to the European Commission (EC).
  • In this context, ESMA puts forward a two-step approach aiming at clarifying the trading venue perimeter.

ESMA PUBLISHES ANNUAL PEER REVIEW OF EU CCP SUPERVISION

Retrieved on: 
Friday, April 9, 2021
Systemic risk, Financial markets, Finance, Money, European Union, Corporate law, Financial regulation, European Market Infrastructure Regulation, European Securities and Markets Authority, Single Supervisory Mechanism, Stress test, Central counterparty clearing

08 April 2021

Key Points: 
  • 08 April 2021

    CCP Directorate

    Supervisory convergence

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published itsannual peer review reporton the supervision of EU Central Counterparties (CCPs) by National Competent Authorities (NCAs).

  • The Peer Review measured the effectiveness of NCA supervisory practices in assessing CCP compliance with EMIRs requirements on liquidity stress testing.
  • However, the peer review showed that the assessment of some areas of liquidity stress testing was not always performed or being evidenced sufficiently.
  • The CCP Supervisory Committee is mandated to conduct, at least annually, a peer review analysis of the supervisory activities of all NCAs in relation to the authorisation and the supervision of CCPs in accordance with Article 30 of Regulation (EU) No 1095/2010 (ESMA Regulation).

Braveheart Resources Grants Options

Retrieved on: 
Thursday, April 8, 2021
Communication, Forward-looking statement, Systemic risk

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation.

Key Points: 
  • This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation.
  • Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs.
  • Accordingly, readers should not place undue reliance on forward-looking information.
  • The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Customer Experience Innovator Jason Ten-Pow Announces the Much-Anticipated Release of his New Book: 'Unbreakable': A Proven Process for Building Unbreakable Relationships with Customers

Retrieved on: 
Thursday, April 8, 2021
Financial markets, Systemic risk, Finance, Money, Corporate law, Financial regulation, European Union, European Market Infrastructure Regulation, Central counterparty clearing, ACT, European Securities and Markets Authority

Ten-Pow provides a proven process for creating unbreakable relationships with customers.

Key Points: 
  • Ten-Pow provides a proven process for creating unbreakable relationships with customers.
  • "In today's environment, every company says, 'We know our customers; we love our customers and they love our brand,'" Ten-Pow said.
  • In my book, I share with readers the 'secret sauce' to building and prioritizing the unbreakable customer relationships that help brands increase revenue and profit."
  • Unbreakable: A Proven Process for Building Unbreakable Relationships with Customerslaunched today April 8, with downloads available on Amazon.

ESMA PUBLISHES DRAFT REGULATORY TECHNICAL STANDARDS ON CHANGES TO CCPS’ ACTIVITIES AND MODELS

Retrieved on: 
Thursday, April 8, 2021
Financial markets, Systemic risk, Finance, Agencies of the European Union, European Union, Money, Financial regulation, European Market Infrastructure Regulation, Central counterparty clearing, European Securities and Markets Authority, Esma, Regulation

The European Securities and Markets Authority, the EUs securities markets regulator, today published its Final Report containing draft regulatory technical standards (RTS) relating to changes to central counterparty (CCP) services and activities, as well as models and parameters under the European Markets Infrastructure Regulation (EMIR).

Key Points: 
  • The European Securities and Markets Authority, the EUs securities markets regulator, today published its Final Report containing draft regulatory technical standards (RTS) relating to changes to central counterparty (CCP) services and activities, as well as models and parameters under the European Markets Infrastructure Regulation (EMIR).
  • Prior to making any significant change to its risk models or parameters, a CCP must also obtain validation from its competent authority and ESMA (Article 49).
  • The European System of Central Banks, the European Banking Authority and other relevant authorities have contributed to the drafting of the RTS.
  • ESMA submits the draft RTS to the European Commission for endorsement, following which the Commission Delegated Regulation will be subject to the non-objection of the European Parliament and the Council.

ESMA makes recommendations for Organised Trading Facilities under MiFID II/MiFIR

Retrieved on: 
Thursday, April 8, 2021
Financial markets, Feminine given names, Finance, Financial regulation, Directive 2014/65/EU, European Union, Systemic risk, European Securities and Markets Authority, Esma, RSRCHXchange

08 April 2021

Key Points: 
  • 08 April 2021

    MiFID - Investor Protection

    MiFID - Secondary Markets

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published its Final Report on the functioning of Organised Trading Facilities (OTFs).

  • The report contains recommendations and possible amendments to MiFID II/MiFIR with a view to reducing the level of complexity for market participants and making the legal framework more effective.
  • While some proposals can be implemented by ESMA directly by publishing ESMA guidance, other recommendations are addressed to the European Commission (EC).
  • In this context, ESMA puts forward a two-step approach aiming at clarifying the trading venue perimeter.

ESMA publishes Guidelines on periodic information for Trade Repositories

Retrieved on: 
Wednesday, April 7, 2021
Financial regulation, Financial markets, Corporate law, Systemic risk, European Union, European Market Infrastructure Regulation, Securities Financing Transactions Regulation, Government agencies, European Securities and Markets Authority, Business law

The European Securities and Markets Authority, the EUs securities markets regulator, publishes today Final report and Guidelines on reporting of periodic information and material changes by Trade Repositories (TRs) supervised under EMIR and SFTR.

Key Points: 
  • The European Securities and Markets Authority, the EUs securities markets regulator, publishes today Final report and Guidelines on reporting of periodic information and material changes by Trade Repositories (TRs) supervised under EMIR and SFTR.
  • The Guidelines aim to increase transparency of TRs supervised by ESMA.
  • The Guidelines will also streamline TR processes and ensure the accuracy of information used for the calculation of TR supervisory fees.
  • All periodic information items that have annual frequency and a reporting deadline of 31 January should, in the first year, be submitted by 30 June 2021.

Braveheart Resources Closes $600,000 Flow-Through Financing

Retrieved on: 
Tuesday, April 6, 2021
Communication, Forward-looking statement, Systemic risk

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation.

Key Points: 
  • This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation.
  • Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs.
  • Accordingly, readers should not place undue reliance on forward-looking information.
  • The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.