SAFE Finance Blog

Detailed rules for central counterparties extending their businesses, new standards for prudential consolidation, and draft law on the oversight framework in Germany after Wirecard scandal

In several respects, the German financial sector is one of the victims of the increasing export orientation of the German economy

Ignazio Angeloni: The reorganization of Germany’s financial market supervision should be seen as a preliminary step to boost market regulation and governance in the entire EU

New rules for investment firms, guidelines for disclosures under Taxonomy and Prospectus Regulations, and updated Basel III monitoring exercise

Ignazio Angeloni: The course of monetary policy should deal with the Corona crisis now but be sustainable later

Updated rules for the ESG disclosures, key information documents for retail and insurance-based investment products, and new standards for the remuneration of investment firms' material "risk-takers"

Thomas Mosk: The discretionary power of national authorities can effectively undermine well-intentioned supranational regulations in practice

After Wirecard and Brexit, the realignment of Germany’s Federal Financial Supervisory Authority can succeed if the authority is set up with the right leadership personality

Ongoing activities on the EU framework on selling NPLs, ECB’s supervisory approach to consolidation in the banking sector, and new reporting standards under the EMIR REFIT

Ignazio Angeloni: The banking union faces regulatory obstacles to its completion – nonetheless there are ways to move the pan-European project forward

Amended framework for securitizations of non-performing loans, proposed adjustments for central counterparties following Brexit, and new guidance on climate-related and environmental risks

Ignazio Angeloni: The European Central Bank must deliver but not send the wrong signals. Overly ambitious inflation targets must be reconsidered, as must hardened strategies in monetary policy