Corporate & Financial Weekly Digest

Corporate & Financial Weekly Digest

Tag Archives: ECB

ECB Publishes Article on Impact of Brexit Transition Period

Posted in Brexit, EU Developments, Financial Markets
On May 16, the European Central Bank (ECB) published an article on the impact of a potential Brexit transition period (for more information on the proposed transition period, please see the Corporate & Financial Weekly Digest edition of March 23, 2018). In the article, the ECB sets out how the transition period affects its expectations… Continue Reading

ECB Speech on CCP Recovery and Resolution

Posted in EU Developments, Financial Markets
The Bank for International Settlements has published a speech, entitled “Resolution in Europe: The Unresolved Questions,” given by Benoît Cœuré, a member of the executive board of the European Central Bank (ECB), on April 23 in Frankfurt. The speech concerns a cooperative approach to central counterparty (CCP) recovery and resolution, and has three focuses: The… Continue Reading

ECON-AFCO Publish Draft Report on Granting ECB Power to Compel CCPs to Locate in the Eurozone

Posted in Brexit, EU Developments, Financial Markets
On April 19 the European Parliament’s Economic and Monetary Affairs Committee (ECON) and Committee on Constitutional Affairs (AFCO) published a draft report (dated April 13) concerning a proposal for an amendment of the Statute of the European System of Central Banks and the European Central Bank (ECB) (the Statute), enhancing the ECB’s powers over central… Continue Reading

ECB Finalizes General Guide and FinTech Guide on Bank Licensing Applications

Posted in EU Developments, Financial Markets
On March 23, the European Central Bank (ECB) published two guides (together, Guides): a guide to assessing license applications (General Licence Application Guide) which covers the general application process and the assessment requirements regarding, for example, governance, risk management, capital; and a guide to assessing financial technology (FinTech) credit institution license applications (FinTech Licence Application… Continue Reading

European Council Publishes European Central Bank Opinion on MiFID II Delay

Posted in EU Developments
On May 2, the European Council published a cover note attaching an opinion (Opinion) from the European Central Bank (ECB) regarding proposals to delay the application dates of the amended and restated Markets in Financial Instruments Directive (MiFID II) and Markets in Financial Instruments Regulation (MiFIR).… Continue Reading