Shadow Banking

Steven Maijoor, Chair of the European Securities and Markets Authority (ESMA), spoke on shadow banking at the 5th CDU/CSU Congress in Berlin on 11 March 2013...

The IBFed appreciates the opportunity to comment on the following three Financial Stability Board consultation documents: An Integrated Overview of Policy Recommendations, Policy Framework for Strengthening Oversight and Regulation of Shadow Banking Entities and Policy Recommendations to Address Shadow Banking Risks in Securities Lending and Repos...

Opinion 2013/C 11/09 of the European Economic and Social Committee on the ‘Green Paper - Shadow banking’ COM(2012) 102 final...

Topics in this issue:

Council defines Iran measures

Parliament calls for electrified ring-fence

FSA updates on PRA transition

Up next from FSA

The European Commission's consultation on shadow banking attracted high interest from stakeholders. The comments provided cover a broad range of issues and responded to all the questions raised by the European Commission Green Paper...

Topics in this issue:

Implementation of AIFMD - first FSA paper

FSA guidance on the Short Selling Regulation

FSA report on asset managers’ conflicts of interest

UCITS V - ECON report

Shadow banking - ECON report

ECOFIN Meeting

VAT on investment advice fees

The FSB is publishing for public consultation an initial integrated set of policy recommendations to strengthen oversight and regulation of the shadow banking system...

This report sets out 13 recommendations to enhance transparency, strengthen regulation of securities financing transactions, and improve market structure...

An integrated overview of policy recommendations, setting out the concerns that have motivated this work, the FSB’s approach to addressing these concerns, as well as the recommendations made...

Topics in this issue:

FSA approach to implementing CRD IV

HM Treasury consults on macro-prudential tools for the FPC

ESAs response to European Commission's call for advice on FICOD II review

Commission publishes work programme for 2013

 

The FSB held a meeting here in Tokyo on 10-11 October 2012, at which it discussed vulnerabilities currently affecting the global financial system and the progress in authorities’ ongoing work to strengthen global financial regulation. The meeting reviewed a number of reports to be published in the coming weeks. This statement summarises the outcomes of the meeting...

The global financial crisis revealed a host of deficiencies in the existing regulatory regime. Regulators have spent the last three years working their way through a myriad of perceived issues, from increased capital requirements to regulation of trading of over-the-counter derivatives. Regulators are now turning to shadow banking...

Topics in this issue:

ECON publishes shadow banking report

ESRB responds on EMIR

FSA reviews client money rules for insurance intermediaries

BBA responds on investment fraud guidance

IMA criticises banking structure and incentives

Topics in this issue:

HM Treasury: model intergovernmental agreement on implementing FATCA

HM Treasury draft Regulations on contractual schemes for collective investments

ESMA response to Commission’s Green Paper on shadow banking

HM Treasury: Wheatley review of LIBOR framework

HM Treasury consults on broadening the financial sector resolution regime to systemically important non-banks

ESMA has published its response to the European Commission's Green Paper on shadow banking...

Financial Industry Developments
NY Fed Releases Money Market Fund Reform Staff Report
SIFMA Statement on Eminent Domain and TBA Trading
SEC Guidance on Ratings and Standards of Creditworthiness
CFTC Approves Rules for Funds Held by Futures Commissions Merchants
CFTC Swap No-Action Relief for Registration and Compliance
SEC Final Report on Global Accounting Standards
Guidance to Servicers for Making Home Affordable
HUD Accepting Applications to Purchase Troubled Mortgages
Rating Agency Developments

RMBS Litigation
Court Denies Morgan Stanley’s Motion to Dismiss RMBS Class Action
Bank of America Settles Syncora RMBS Action for $375 Million
Federal Court Orders Bayerische Landesbank RMBS Lawsuits Back to State Court

European Financial Industry Developments
Parliamentary Commission on Banking Standards Appointed
Amendments to Money Laundering Regulations 2007 to Come into Force on October 1
EBA Publishes Opinion on Green Paper on Shadow Banking
HM Treasury Consults on Reform of UK Payments Industry

Events
Renewable Backed Securities: Funding for Solar Projects

On 19 March 2012, the European Commission’s Services issued a Green paper on Shadow Banking for public consultation. In accordance with Article 34(1) of Regulation No 1093/2010, the EBA has adopted this opinion with regard to the Green paper...

On 19 March 2012, the European Commission’s Services issued a Green paper on Shadow Banking for public consultation. In accordance with Article 34(1) of Regulation No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing the EBA, the Board of Supervisors of the EBA has adopted this opinion with regard to the Green paper...

With the wave of regulations aimed at preventing a repeat of the 2008 financial crisis forcing banks to re-evaluate their business models, will regulatory actions merely serve to shift activities - and associated risks - out of the regulated and into less regulated/unregulated sectors of the economy...

This publication responds to the EU consultation on shadow banking and considers the consultation in terms of building on the two core issues of systemic risk and regulatory arbitrage...

IMA sets out its responses to the European Commission Green Paper on Shadow Banking...

The IBFed appreciates the opportunity to comment on the FSB’s Interim Report on Securities Lending and Repos: Market Overview and Financial Stability Issues...

Topics in this issue:

Ministry of Justice consults on deferred prosecution agreements

European Commission consultation on Shadow Banking

Upper Tribunal: FSA decision to ban and fine former UBS advisers in relation to unauthorised trading scheme upheld

This month's edition of Being Better Informed looks at the developments that have happened cross the regulatory space, from evolving proposals on market infrastructure and shadow banking to final and firm rules released to implement CRD IV and AIFMD (Directive 2011/61/EC)...