SAFE Finance Blog

Delegated Regulation establishing rules for retail investment products, revised guidance on the stress tests conducted by national deposit guarantee schemes, and new guidelines on dealing with the breaches of the large exposure limits

Amendments to the European resolution framework and new rules to enhance supervisory disclosure and cooperation for investment firms

New rules for OTC derivatives, updated standards on own funds and eligible liabilities, and guidelines on the MiFID II/MiFIR obligations on market data

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

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

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

Jan Krahnen: The ban on dividend payouts by the Eurozone's supervisory authority is a discretionary action that clouds market expectations with regard to the equity of credit institutions

Extended implementation deadlines to mitigate the impact of the COVID-19 crisis, new rules for central counterparty colleges, and FSB evaluation of "too big to fail" reforms for systemically important banks

In July, the Capital Requirements Regulation was amended, through the so called CRR quick fix, and the European Central Bank as well as the European Securities and Markets Authority issued new guidelines

Jan Krahnen: Germany's 2020 EU Council Presidency is an opportunity for sustainable development towards a political union regarding capital market, banks and the budget

Ignazio Angeloni: The return to normality after the coronavirus pandemic requires, among other things, that banks be saved, and this will not happen unless regulation is adapted and more public support is provided

The ECB’s plan to include climate change in its models, political agreement on the Taxonomy Regulation, and other topics: a selection of financial regulatory developments from this month