Search Results for: EU Commission
ESMA clarifies its interest rate swaps clearing standards
March 10th, 2015
The European Securities and Markets Authority (ESMA) has today published a revised opinion on its draft Regulatory Technical Standard (RTS) on the clearing obligation for Interest Rate Swaps (IRS). ESMA’s draft IRS RTS had originally been sent for endorsement ...
ESMA and MAS conclude MoU on CCPs
March 9th, 2015
The European Securities and Markets Authority (ESMA) and the Monetary Authority of Singapore have concluded a Memorandum of Understanding (MoU). The MoU establishes cooperation arrangements between the signatory authorities regarding Central Counterparties (CCPs) established in Singapore, are authorised by ...
Interview with Benoît Cœuré, Member of the Executive Board of the ECB
March 9th, 2015
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Yannis Seitanidis on 8 March 2015 The ECB’s Governing Council had a meeting in Nicosia, two years after the “bail-in” agreement on the recapitalisation of ...
Greece warns of referendum ahead of debt deal meeting
March 9th, 2015
Greek Finance Minister Yanis Varoufakis upped the stakes sharply ahead of Monday’s crucial Eurogroup meeting in Brussels by raising the prospect of Greece holding new elections or even a referendum on any debt deal. If eurozone ministers fail to ...
ESMA and RBA conclude MoU on access to data held in trade repositories
March 6th, 2015
The European Securities and Markets Authority (ESMA) and the Reserve Bank of Australia (RBA) have concluded a Memorandum of Understanding (MoU) that will allow RBA to have access to data held in European Trade repositories according to its mandate. The MoU ...
EBA: Consultation on Guidelines on sound remuneration policies
March 5th, 2015
The European Banking Authority (EBA) launched today a three-month public consultation on its Guidelines on sound remuneration policies. These draft Guidelines set out the governance process for implementing sound remuneration policies across the EU, as well as the specific ...
Creditors maintain tough stance as Greece presents reforms
March 5th, 2015
As pressure builds on Greece to implement economic reforms in order to secure crucial rescue funding, the country’s representative to the Euro Working Group on Wednesday presented to his eurozone counterparts the six proposals Greece intends to make at ...
Merkel says France reforms on ‘right track’
March 4th, 2015
German Chancellor Angela Merkel said Wednesday that French economic reforms put the country on the “right track” after Paris won a two-year delay from the EU to get its budget deficit back within Brussels limits. “I think France is ...
Greek government searches for funds amid fresh speculation about third bailout
March 3rd, 2015
The government on Monday scrambled to find ways to raise much-needed funding amid renewed speculation about a third bailout for Greece. Finance Minister Yanis Varoufakis met with his deputies and other officials to discuss ways of covering the country’s ...
International and regional bodies that combat money laundering (part B)
March 2nd, 2015
Introduction Money laundering is a global phenomenon that thrives parasitically on the world’s financial markets. It ignores national boundaries in much the same way that the financial market place does. It has been accepted that this problem requires both ...
