European Commission (EC)
Editorial: Safety in deposits
Editor's letter
European Parliament’s plenary vote on Omnibus II delayed again
Concerns mount over Solvency II implementation timetable as plenary vote rescheduled to September
Bail-in plans could undermine Basel's NSFR
Basel III rules that require banks to issue an estimated €2.7 trillion in long-term debt could be thwarted by plans to make investors accept losses
New EC rules on Prips to be released in the form of a regulation
Legislation the European Commission is preparing for structured products is being circulated to European Union member states and will come in the form of a regulation. Richard Jory analyses the final draft document
Esma must mirror US Treasury’s FX exemption, says EC official
Patrick Pearson, head of the European Commission unit that drafted Emir, says forex swaps and forwards must be exempt from clearing under Esma standards
Need for matching premiums recognised in Econ vote
Amended Omnibus II text acknowledges a matching premium is necessary, but there is no detail on how it will work
Mitigating op risks for CCPs post-crisis
To the rescue
Risk Annual Summit: Buy-side firms call for clearing changes
Eligible collateral for CCP margin needs to be reviewed – and regulators also need to ensure the clearing exemption for some end-users is not negated by Basel capital rules, say buy-side firms
Risk Annual Summit: Emir rules will be binding from 2013, says Pearson
Esma doesn’t have much time to draw up technical standards, but regulators will be ‘nimble on their feet’, says EC’s Pearson
Risk Annual Summit: No answers on how to cope with CCP default, says Pearson
Regulators are looking at how financial markets could be proofed against the collapse of a CCP – but there are more questions than answers at the moment, says the EC’s Patrick Pearson
Risk Annual Summit: Deutsche credit risk head questions CRD IV timeline
Banks have nine months until elements of Basel III are due to come into force, but details of implementing legislation are still being debated
EC paper sheds light on dangers of shadow banking
The potential for shadow banking to damage the wider banking system and disrupt the macro-prudential aims of the ECB has been highlighted in the latest green paper from the European Commission
ECB compromise on Basel III adjustments gets mixed response
An ECB proposal for the European Systemic Risk Board to have oversight on whether European regulators can adjust Basel III for macro-prudential purposes gets a mixed response from central bankers
MEP vote on Omnibus II postponed until July
Delay to plenary vote ‘will provide crucial additional time to negotiate contentious issues’
Esma: overburdened and under-resourced?
Esma under pressure
EU ETS set-aside takes another step forward
The European Parliament's Committee on Industry, Research and Energy has voted for the use of a set-aside under the European Union Emissions Trading Scheme
Europe and US clash over global regulatory framework
Clash of the titans
Further legislative delays could compress Solvency II ‘soft launch’ period - FSA
Regulator updates internal model approval process
NAIC chief optimistic on US equivalence with Solvency II
Work plan being developed with NAIC as European regulators seek 'different approach' to equivalence
Fast-starting Esma will still run out of time, critics say
Esma has published a discussion paper on new clearing rules just five days after the high-level text was agreed - but a quick start and a three-month deadline extension might not be enough
CCPs fear prescriptive Esma standards on margin and risk
Esma could take key risk management decisions out of the hands of CCPs, according to new discussion paper on the technical standards required by European clearing rules
Groupe Consultatif chair fuels concerns over Solvency II delays
Eurozone instability making application of harmonised Pillar 1 ‘difficult’
Emir clearing rules agreed - but calls grow for delay to Esma deadlines
Delays in the adoption of Europe's new clearing rules have eaten into the time Esma has to meet its June 30 rule-writing deadline
Editorial: The age of the scapegoat
Has the popularity of exchange-traded funds turned them into the new regulatory whipping boys?