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Quarterly Bulletin. Pension funds 1/2012
The PFSA presents on the website publication Quarterly Bulletin. Pension funds 1/2012
EBA, EIOPA and ESMA consult on Commission’s Review of the Financial Conglomerates Directive
The Joint Committee of the European Supervisory Authorities began a 3-month public consultations on the proposed response to the Commission at its request on technical advice on the fundamental review of the Directive 2002/87/EC on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate (FICOD).
These consultations cover three areas of FICOD directive, ie: (A) scope of application, especially the inclusion of non-regulated entities (B) internal governance requirements and sanctions, and (C) supervisory empowerment.
Stakeholders are invited to comment by August 13 at the email address of one of the European Supervisory Authorities: joint-committee@eba.europa.eu, jointcommittee@eiopa.europa.eu or joint.committee@esma.europa.eu. In the subject please include the reference "JC/CP/2012/01".
All comments will be published after the consultation, unless the notifying party will ask for them not to publicize.
The consultation document and questionnaire to submit comments are available on the website of the European Supervisory Authorities: EBA, EIOPA, ESMA.
Banking sector - monthly data
The PFSA presents on the website: Banking sector - ordinary data 3/2012
ESMA publishes its 2012 regulatory work programme
ESMA’s annual regulatory programme aims to provide information on the planned technical standards, technical advice and guidelines & recommendations to be issued by ESMA in 2012.
ESMA approves credit ratings from Brazil for use in the EU
Pursuant to a decision issued by ESMA, after 30 April 2012, European financial institutions will still be able to take advantage of ratings issued by credit rating agencies from Brazil. To facilitate the exchange of regulatory information, ESMA has also entered into a co-operation agreement for the supervision of CRAs with the Securities and Exchange Commission of Brazil (Comissão de Valores Mobiliários – CVM). So far, ESMA has found that ratings issued by the USA, Australia, Canada, Hong Kong, Japan, Singapore, Argentina and Mexico meet EU requirements.
