International Regulatory Updates

The peer reviews assessed the Solvency II pre-application process of internal models; Differences of supervisory practices in the pre-application process of internal models were identified in a number of important areas; The report identifies best practices and outlines recommendations in orde ...

The European Securities and Markets Authority (ESMA) has approved seven co-operation arrangements between EU securities regulators and their global counterparts with responsibility for the supervision of alternative investment funds, including hedge funds, private equity and real estate funds. ES ...

The European Securities and Markets Authority (ESMA) has launched a consultation on draft regulatory technical standards (RTS) aimed at implementing the provisions of the European Markets Infrastructure Regulation (EMIR) related to OTC derivative transactions by non-European Union (EU) counterpartie ...

The EBA published today a report featuring data on the remuneration of EU bank staff who received one million Euro or more in total in 2010 and 2011. The report focuses on the gathering of numerical data and provides a first analysis of remuneration structures across the EU. Overall, results show th ...

The European Securities and Markets Authority (ESMA) has published a Discussion Paper dealing with the implementation of the CRA3 Regulation, which entered into force on 20 June 2013. The Regulation, which complements the existing regulatory framework for credit rating agencies (CRAs), requires E ...

The Quantitative Impact Study by EIOPA is the first of its kind in assessing the financial situation of EU pension funds in a comparable way. The holistic balance sheet approach can contribute to the sustainability of pension funds and the protection of current as well as future generations. T ...

The European Securities and Markets Authority (ESMA) has published a research report on Retailisation in the EU, which examines the growth in the sale of complex financial products to retail financial consumers in the European Union (EU). ESMA’s research focused on two specific types of complex ...

The European Securities and Markets Authority (ESMA) has formally approved the registration of Spread Research SAS, based in France, as a credit rating agency (CRA) under Article 16 of the CRA Regulation. The registration takes effect from 1 July 2013. Spread Research registration as a CRA means ...

The European Securities and Markets Authority (ESMA) has published a peer review of the supervisory practices EEA national competent authorities (NCAs) apply in enforcing the requirements of the Market Abuse Directive (MAD). The Directive deals with the prevention of the dissemination of misleading ...

Inside this issue: MFSA launches AIFMD applications process Industry Updates Financial and Insurance activities contribution to Gross Value Added The 2013 Malta International Financial Crime Forum Compensation Schemes - Publication of reports and financial statements for 2012 EIO ...