SAFE Finance Blog

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

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

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: Digital currencies put central banks to the test in their essential function

Revised rules for global systemically important institutions, proposed adjustments for covered bond issuers, and a new guidance on CCP resolution

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

New rules to strengthen market abuse legislation, proposed adjustments to the Benchmarks Regulation to tackle the LIBOR phase-out, and a new Capital Markets Union Action Plan

Otmar Issing: Central banks should think long and hard before they consider emulating the Fed, for four technical and political reasons.

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

Thomas Mosk: Policy makers should critically review their COVID-19 guarantee programs in order to avoid unintended side effects

In August, the European Commission adopted an EU Capital Markets pandemic recovery package and proposed amendments to the Benchmark Regulation while the European Banking Authority published guidelines on disclosures and reporting