European Parliament
Parliament may decide not to reject Esma standards
Doubt cast over whether a motion to reject two Esma regulatory technical standards will survive a plenary vote on Thursday
ESRB narrows its macro-prudential tools
The European Systemic Risk Board is about to announce a slimmed-down list of potential macro-prudential tools, but who has the power to use them is still the subject of debate. By Michael Watt
EU Parliament poised to reject two Esma technical standards on OTC derivatives
Parliament is unhappy with the treatment of corporate end-users, and could require Esma to redraft standards
Long-term guarantees test specifications to be published on test launch day
Fears that delay in releasing specifications will lead to inaccurate results
Lack of clarity on calculation parameters jeopardises long-term guarantees test
Concerns that technical specifications may be released only days before assessment is launched
Mifid delays cause frustration in OTC markets
Delays from the Council of the European Union in finalising its stance on the Mifid review mean the crucial trilogue negotiations are unlikely to commence before the second quarter of 2013
CRD IV at risk of non-compliance because of national exemptions, MEP warns
MEP Kay Swinburne warns that CRD IV is becoming too diluted by national exemptions
European Parliament poised to defend corporate CVA exemption
The European Parliament is poised to defend a CVA exemption for trades with corporate and sovereign entities, as negotiations enter the final stages
Structured Products Europe: Prips scope could be extended, says EC official
European legislators are discussing the EC’s proposals on packaged retail investment products – and some believe the scope of the regulation should be extended
Insurers hope for agreement tomorrow on long-term guarantees assessment
Insurers concerned that assessment could overlap full-year reporting as debate over matching adjustment continues to delay impact test
EU elections could derail Solvency II development, warn insurers
Solvency II must be completed this parliamentary term, insists Econ chair Sharon Bowles
Esma backtracks on indirect clearing
Final rules remove two controversial proposals, but revive regulators' concerns about access to clearing for small firms
Barnier proposes delay to Omnibus II vote
Commissioner proposes waiting for results of impact study on long-term guarantees in March 2013
Latest delay to key Solvency II vote 'could threaten agreement on Omnibus II'
European Parliament plenary vote on Omnibus II will take place on November 20
European parliament Econ chair confident on eurozone crisis resolution
Sharon Bowles, chair of the European parliament’s economic and monetary affairs committee, believes the end is in sight for the eurozone crisis. She is also positive on co-operation with US lawmakers.
Policy-makers urged to widen scope of matching adjustment 'for good of society'
Current proposals would transfer risk to consumers and increase price of guarantees, argues consultancy
Council proposal on life morbidity insurance threatens compromise on long-term guarantees
European Parliament concerned about proposal which could derail negotiations on Ommibus II, warns Econ committee chair Bowles
Breakdown of Omnibus II negotiations piles pressure on Solvency II timetable
Negotiations to resume in September, but there are fears that deadlock will continue
House of Lords committee chair warns of Mifid liquidity costs
Transparency and own-capital ban for OTFs could interfere with “free flow” of market, says Lord Harrison, chair of a House of Lords committee that yesterday warned of fundamental flaws in Europe’s Mifid review
Time running out for Omnibus II negotiations as latest trilogue fails to find agreement
Further trilogue scheduled as policy-makers seek compromise on package for long-term products before summer recess
Mifid amendments lift barrier to brokers owning OTFs
Tweaks to Mifid text would allow owners of OTFs to engage in matched principal trading
Cyprus presidency fears add urgency to CRD IV talks
Ecofin votes through new regulatory regime - and final amendments appear to give UK extra freedom - but work remains before Danish presidency ends on July 1
Political Chess: debate over form of level 2 implementing measures hots up
The European Parliament is proposing changing many delegated acts into regulatory standards potentially moving considerable power to Eiopa - and prompting the commission to take legal advice. Thomas Whittaker examines the implications