||23/11/2011 - DB research : OTC derivatives market: Update on current regulatory initiatives -14/11/2011 - DB|
|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|
||26/10/2011 - Commission européenne - Rapport : "Making OTC Derivatives Safe A Fresh Look" - EC|
Document publié lors de la Conférence sur le paysage du post marché européen : la marche en avant le 24/10/2011
||21/10/2011 - MIFID II: Draft and Impact assessment - EC|
Draft MIFID II
||03/02/2011 - Legislative Observatory - Regulation of trading in financial instruments - "dark pools" etc. - EP|
Follow on line MIFID revision
||15/09/2010 - European Commission - Regulation proposal on derivatives - EC|
As part of its ongoing work in creating a sounder financial system, the European Commission has tabled today a proposal for a regulation aimed at bringing more safety and more transparency to the over-the-counter (OTC) derivatives market. In its draft regulation, the Commission proposes that information on OTC derivative contracts should be reported to trade repositories and be accessible to supervisory authorities.
||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.
||29/04/2010 - Regulatory Observatory - OTC market regulation - EP|
View the European Regulatory Observatory website on Derivatives markets regulation
|21/04/2010 - Speech - Jean Pierre JOUYET, Chairman, AMF, on Private Equity - AFIC|
||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.
|19/03/2010 - Overcoming too-big-to-fail: A Regulatory Framework to Limit Moral Hazard and Free Riding in the Financial Sector - CEPS|
Download the new CEPS book prepared by a joint CEPS-Assonime task force and which outline a comprehensive framework from for regulating cross boarder banking groupe. Read the full document
|19/03/2010 - IMF Working Paper - Crisis Management and Resolution for a European Banking System - IMF|
Download the full document (.pdf)
||01/03/2010 - Barnier - Meeting with London-based hedge fund and private equity managers - M. Barnier's websit|
Speech by Michel Barnier on Alternative Investments regulation issues. Read the speech
||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.
||01/03/2010 - MEP Werner Langen report on OTC derivatives markets - PE|
The report recommends that credit-default swaps should be subjected to independent central clearing, and that derivatives dealers should not own central counterparties. Read the report
|18/02/2010 - Mr Fleuriot's report on MIFID issues - MINEFE|
The report was ordered by Mrs Christine Lagarde to prepare MIFID's review.
|18/02/2010 - Market Fragmentation and Liquidity - Pr Thierry Foucault - HEC|
View Pr Thierry Foucault's presentation at EIFR working breakfast "Market Fragmentation and Liquidity"
||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).
|25/01/2010 - 3 L 3 Cross-Sector Seminar on MiFID - FSA|
View the slides
|22/01/2010 - Legislative process for AIFM draft directive - EC|
View the adoption process of draft directive AIFM.
|11/01/2010 - AIFM directive - the Spanish presidency publishes issues notes. - Consilium|
The aim of this document is to contribute to the debate by comparing the options put forward the Council and the European Parliament in order to find some common ground on the defining features of the regulatory model sought for AIFM.
|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.
|17/11/2009 - UCIT IV - Publication of the Directive 2009/65/EC - European Commission|
Read the directive
|15/09/2009 - Feedback on public consultation on the UCITS depositary function - Comm. Européenne|
The European Commission held a public consultation on UCITS depositaries. The consultation, now closed, sought input from investors, the depositary industry, asset managers, other financial institutions and public authorities. The objective is to clarify the regulatory framework applicable to UCITS depositaries, with a view to increasing the level of the protection of UCITS investors.
|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)
||22/07/2009 - Consultation on classification and identification of OTC derivative instruments - CESR|
CESR publishes the responses to its consultation on classification and identification of OTC derivative instruments for the purpose of the exchange of transaction reports amongst CESR Members.
|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.
|28/03/2007 - CEPS : Financial Market data and MIFID - CEPS|
The opening-up of the market for equity market data, as foreseen in the Markets in Financial Instruments Directive (MiFID), raises the question of whether data will be sufficiently consolidated and of high enough quality, or whether the information will become too fragmented, thereby hindering price transparency and the implementation of best
execution policies. This policy brief outlines the market for financial market data, the provisions of MiFID and the implementing measures regarding financial data and data consolidation. It also looks at the approaches taken by Committee of European Securities Regulators, the FSA and the US authorities. It concludes that markets should be capable of adapting and that additional licensing requirements, such as those proposed by the FSA, are in fact premature and might act as a barrier to the single market. Nor does it find that a US-style monopoly consolidator would be needed. Download the full report (.pdf 7 pages)
|05/12/2005 - White Paper on Financial Services Policy (2005-2010) - Comm. Européenne|
The Commission's strategy explores the best ways to effectively deliver further benefits of financial integration to industry and consumers alike.