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Market Regulators

22/11/2011 - ACP - La Revue de l'ACP n° 4 - ACP
Focus : Rapport de l'ACP sur les politiques et pratiques de rémunérations, étude sur l'affacturage en 2010, étude sur les placements des assureurs – Analyse : Point sur le reporting dans Solvabilité II
http://www.banque-france.fr/acp/publications/revue-acp/2011-revue-de-l-autorite-de-controle-prudentiel-4.pdf
22/11/2011 - ESMA's technical advice to the European Commission on possible implementing measures of the Alternative Investment Fund Managers Directive - Final report - ESMA
http://www.afg.asso.fr/index.php?option=com_docman&task=doc_download&gid=3012&lang=en
14/11/2011 - IMF: FMI The Puzzle of Persistently Negative Interest Rate-Growth Differentials: Financial Repression or Income Catch-Up? Working Paper - IMF
The interest rate-growth differential (IRGD) shows a marked correlation with GDP per capita. It has been on average around 1 percentage point for large advanced economies during 1999-2008; but below -7 percentage points among non-advanced economies - exerting a powerful stabilizing influence on government debt ratios. We show that large negative IRGDs are largely due to real interest rates well below market equilibrium - possibly stemming from financial repression and captive and distorted markets, whereas the income catch-up process plays a relatively modest role. We find econometric support for this conjecture. Therefore, the IRGD in non-advanced economies is likely to rise with financial integration and market development, well before their GDP per capita converges to advanced-economy levels.

http://www.imf.org/external/pubs/ft/wp/2011/wp11260.pdf

09/11/2011 - G20: Sommet de Cannes: déclarations et rapports - G20

Déclarations des Chefs d'Etat et de gouvernement et autres rapports

 

http://www.g20-g8.com/g8-g20/g20/francais/le-sommet-2011/declarations-et-rapports/sommet-de-cannes-declarations-et-rapports.1552.html

13/10/2011 - BCE : Some lessons from the financial crisis for the economic analysis, by Geoff Kenny and Julian Morgan, October 2011, - ECB
Dowload the report:

Report
28/09/2011 - BCE : The Stability and Growth Pact - crisis and reform, by Ludger Schuknecht, Philippe Moutot, Philipp Rother and Jürgen Stark , September 2011 - BCE
http://www.ecb.int/pub/pdf/scpops/ecbocp129.pdf
20/05/2011 - Bank of England : Prudential Regulation Authority: the future approach to banking supervision - Bank of England
The Bank of England (the Bank) and the Financial Services Authority (FSA) have today published a joint paper The Bank of England, Prudential Regulation Authority – Our approach to banking supervision setting out the current thinking on how the future Prudential Regulation Authority (PRA) will approach the supervision of banks, building societies, credit unions and investment firms.

http://www.bankofengland.co.uk/publications/news/2011/048.htm


FSA
Speech - The supervisory approach of the Prudential Regulation Authority:

http://www.fsa.gov.uk/pages/Library/Communication/Speeches/2011/1905_ab.shtml



Press release - Prudential Regulation Authority: the future approach to banking supervision
The Bank of England (the Bank) and the Financial Services Authority (FSA) have today published a joint paper The Bank of England, Prudential Regulation Authority - Our approach to banking supervision setting out the current thinking on how the future Prudential Regulation Authority (PRA) will approach the supervision of banks, building societies, credit unions and investment firms.

http://www.fsa.gov.uk/pages/Library/Communication/PR/2011/043.shtml




03/01/2011 - European Financial Authorities : a guide to understanding ESMA - ESMA
Download "a guide to understanding ESMA"
09/09/2010 - Speech delivered by Jean-Pierre Jouyet Chairman of the AMF in Washington DC - A European view of financial market regulation - AMF
DOWNLOAD. The Kalorama lectures - Washington, 9 September 2010 -

08/09/2010 - BIS, ECB, IMF publish Second Part of Handbook on Securities Statistics - BIS
The Bank for International Settlements (BIS), the European Central Bank (ECB) and the International Monetary Fund (IMF) today jointly released the second part of the Handbook on Securities Statistics, which covers debt securities holdings. The aim of the Handbook is to assist national and international agencies in the production of relevant, coherent and internationally comparable securities statistics for use in monetary policy formulation and financial stability analysis.
View the Securities Handbook : http://www.bis.org/publ/othp11.htm

06/09/2010 - Financial system and macroeconomic resilience: revisited - BIS
On 25-26 June 2009, the BIS held its Eighth Annual Conference on "Financial system and macroeconomic resilience: revisited" in Basel, Switzerland. The event brought together senior representatives of central banks and academic institutions who exchanged views on this topic. This volume contains the opening address of Stephen Cecchetti (Economic Adviser, BIS) and the contributions of the policy panel on "Lessons learned from the financial crisis". The participants in the policy panel discussion, chaired by Jaime Caruana (General Manager, BIS), were William Dudley (Federal Reserve Bank of New York), Masaaki Shirakawa (Bank of Japan) and Nout Wellink (The Netherlands Bank).
Read more on BIS website site de la BRI
Read BIS paper Lire le compte-rendu (pdf. 43 pages)

03/09/2010 - Nout Wellink: Fundamentally strengthening the regulatory framework for banks - BRI
Remarks by Mr Nout Wellink, President of the Netherlands Bank and Chairman of the Basel Committee on Banking Supervision, at the Korea-FSB Financial Reform Conference: An Emerging Market Perspective, Seoul, 3 September 2010.

01/09/2010 - Jean-Claude Trichet: Central banking in uncertain times - conviction and responsibility - ECB
Speech by Mr Jean-Claude Trichet, President of the European Central Bank, at the symposium on "Macroeconomic challenges: the decade ahead", Jackson Hole, Wyoming, 27 August 2010.

01/09/2010 - Thomas C Baxter, Jr: Too big to fail expectations and impact of extraordinary government intervention and the role of systemic risk in the financial crisis - BIS
Read the speech of Thomas C Baxter, Executive Vice President and General Counsel of the Federal Reserve Bank of New York.

27/08/2010 - Monetary Authority of Singapore - TENETS OF EFFECTIVE REGULATION - MAS
Download MAS's report (en anglais)
11/06/2010 - IMF discusses framework for enhanced coordination of cross-border bank resolution - IMF
Read the policy paper
04/06/2010 - Guidelines - Implementation of the Central Repository (CEREP) - CESR
Read the full document on CESR website.

20/05/2010 - CESR sets out harmonised definition of European money market fund - CESR
CESR publishes today its guidelines on a common definition of European money market funds (Ref. CESR/10-049). The guidelines aim to improve investor protection by setting out criteria to be applied by any fund that wishes to market itself as a money market fund.

13/05/2010 - IOSCO - Regulatory Implementation of the Statement of Principles Regarding the Activities of Credit Rating Agencies - IOSCO
V : Download OICV's report
27/04/2010 - CEBS today publishes its Principles for disclosures in times of stress - CEBS
The Committee of European Banking Supervisors (CEBS) today publishes its Principles for disclosures in times of stress intended to guide financial institutions in the preparation of public disclosures made to conform with existing disclosure requirements or recommendations or on an ad hoc basis, incorporating the lessons learnt form the financial crisis.

21/04/2010 - Speech - Jean Pierre JOUYET, Chairman, AMF, on Private Equity - AFIC

19/04/2010 - ECB report on the lessons learned from the financial crisis with regard to the functioning of european financial market infrastructures - ECB
The ECB has published a report focusing on the impact of the financial crisis on the functioning of European financial market infrastructures, including systemically important payment systems, central counterparties, and securities settlement systems. The report focuses on the challenges that European financial market infrastructures and participating financial institutions faced during the financial crisis with respect to: (1) information flows following a default; (2) default management; (3) behavioural factors that affected market liquidity conditions adversely; and (4) issues relating to OTC markets.
The report also identifies procedures and rules that might be enhanced so that financial market infrastructures, their participants and relevant public authorities are better equipped to cope with similar events in the future.

13/04/2010 - IMF's Global Financial Stability Report : Systemic Risk and the Redesign of Financial Regulation - IMF
The recent crisis has triggered a flood of regulatory reform proposals to deal with systemic risksthe potential for distress in one institution to adversely affect others. However, details on many of these proposals are lacking.

23/03/2010 - "Toward an Effective Resolution Regime for Large Financial Institutions" - Daniel K. Tarullo - Harvard Law School - Harvard
Read Daniel K. Tarullo's speech (.pdf) delivered at Symposium on Building the Financial System of the 21st Century: An Agenda for Europe and the United States (organized by Harvard Law School). Mr Tarullo is a Member of the Board of Governors of the Federal Reserve System. He deli
19/03/2010 - IMF Working Paper - Crisis Management and Resolution for a European Banking System - IMF
Download the full document (.pdf)
17/03/2010 - BIS - Principles for enhancing corporate governance - consultative document - BIS
Given the important financial intermediation role of banks in an economy, the public and the market have a high degree of sensitivity to any difficulties potentially arising from any corporate governance shortcomings in banks. Corporate governance is thus of great relevance both to individual banking organisations and to the international financial system as a whole, and merits targeted supervisory guidance. Principles for enhancing corporate governance, sets out best practices for banking organisations.
12/03/2010 - FSA - Financial Risk Outlook 2010 report publication - FSA
The Financial Services Authority (FSA) today published its Financial Risk Outlook (FRO) outlining the main risks and issues present in its operating environment, affecting firms, markets and consumers.
01/03/2010 - International regulators publish systemic risk data requirements for hedge funds - IOSCO
The International Organization of Securities Commissions' (IOSCO) Technical Committee has published details of an agreed template for the global collection of hedge fund information which it believes will assist in assessing possible systemic risks arising from the sector.

01/02/2010 - CESR reviews the application of guidelines to simplify the notification procedures of UCITS across Europe - CESR
CESR publishes today the results of a peer review (Ref. CESR/09-1134) of how its Members across Europe apply CESR guidelines to simplify the notification procedures of Undertakings for Collective Investments in Transferable Securities (UCITS).

01/02/2010 - CEIOPS publishes the list of groups for which a College is in place - CEIOPS
Aiming at increased transparency and ensuring that non-EEA supervisors are aware of the existence of a College for a particular group, CEIOPS publishes today the list of groups for which a College is in place.
01/02/2010 - CEIOPS publishes 3d and final set of advice on Solvency II Implementing Measures - CEIOPS
CEIOPS publishes today its third and final set of advice on Solvency II Level 2 Implementing Measures following formal approval by CEIOPS Members together with a cover letter and a Feedback statement. This final set of advice means that CEIOPS has now fully delivered on the European Commission's request for technical advice of June 2009.

25/01/2010 - 3 L 3 Cross-Sector Seminar on MiFID - FSA
View the slides
17/12/2009 - Basel Committee - Consultative proposals to strengthen the resilience of the banking sector - Basel Committe
At its 8-9 December meeting, the Basel Committee on Banking Supervision approved for consultation a package proposals to strengthen global capital and liquidity regulations with the goal of promoting a more resilient banking sector.
16/12/2009 - CEBS publishes revised Guidelines on Financial Reporting - CEBS
CEBS publishes today its revised guidelines on financial reporting (FINREPrev2). The revision of the guidelines is part of CEBS's effort to streamline reporting requirements for supervised institutions, consistent with the recommendations of the Financial Services Committee Report on Financial Supervision (the Franck Report) and the White Paper of the Commission on Financial Services Policy -2005-2010.
10/12/2009 - CEIOPS publishes its bi-annual report on the financial conditions and financial stability of the insurance sector - CEIOPS
CEIOPS publishes today its second bi-annual report on the financial conditions and financial stability of the insurance and occupational pension fund sector in the EU/EEA. The report covers developments in the (re)insurance and occupational pension fund markets for the periods 2007 and 2008. Furthermore, observations and an outlook for 2009 and beyond are also provided. Read more
09/12/2009 - CEBS Guidelines on Liquidity Buffers - CESR
The Committee of European Banking Supervisors (CEBS) today publishes its guidelines on liquidity buffers following a four-month public consultation period and a public hearing. These guidelines, which build on CEBS's Recommendations on Liquidity Risk Management, elaborate upon the appropriate size and composition of liquidity buffers to enable banks to withstand a liquidity stress for a period of at least one month without changing their business models.
07/12/2009 - The European regulation supervising credit rating agencies enters into force - Commission Européen
Credit rating agencies is therefore the first industry placed under direct supervision from the European Commission.
02/11/2009 - CEBS Work Program 2010 - Régulateur
For 2010, the highest priority has been given to CEBS’ activities in relation to the regulatory and supervisory consequences of the crisis, to CEBS’ deliverables connected to the upcoming changes in Basel II and the CRD and to the work, linked to the expected changes in the institutional supervisory arrangements which anticipate a changeover from CEBS to the EBA by the end of 2010.
Detailed template on the work program 2010 (.pdf)
10/08/2009 - The ECB publishes Credit Defaul Swap and counterparty risk - ECB
In the light of the recent crisis recent developments this report aims to assess the counterparty risk and the main related risks faced by European market participants that are active within and exposed to the credit default swap (CDS) market.Download the full document (.pdf)
22/06/2009 - CEBS TODAY PUBLISHES ITS LIQUIDITY IDENTITY CARD - CEBS
The Committee of European Banking Supervisors (CEBS) today publishes its liquidity identity card (hereafter liquidity ID) aiming at providing supervisors of European cross-border banking groups with a single prudential language to enable meaningful exchange of information, in particular within colleges of supervisors.
                 


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Reference documents
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Sources:
European Commission
European Parliament
Governments
Hearings
Market initiatives
Market Regulators
Press Release
Research

Categories:
Asset Management
Banks
Entreprises & Financement de l'économie
European and French regulation
Financial markets
Insurance
International







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