Macroprudential regulation

Recent Articles

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  14.06.2021

  Risk-weight­ing cryptoassets: BCBS con­sults on the pruden­tial treat­ment of cryptoasset ex­pos­ures

  Among other things, the BCBS is proposing a new conservative prudential treatment for certain high-risk cryptoassets such as bitcoin, which would mean they carry a high capital charge that may in practice disincentivise investment, and new disclosure requirements for cryptoasset exposures. The BCBS makes it clear that its proposals would represent a minimum standard and jurisdictions would be free to apply additional and more conservative measures if thought appropriate (such as banning cryptoasset exposures altogether). The proposed prudential treatment divides cryptoassets into two broad groups,...

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  11.04.2018

  Se­cur­it­isa­tion Reg­u­la­tion: 60 minutes to un­der­stand the new rules and is­sues

  CMS cordially invite you to attend a webinar: 11 April 2018 | 10:00 UK/ 11:00 CET Securitisation Regulation: 60 minutes to understand the new rules and issues This webinar will last one hour (including a Q&A session) and will provide an update on new EU regulations regarding securitisation. Four expert speakers from the UK, France and Spain will cover the areas you need to be aware of. Agenda: Scope of the new regulations (STS and CRR treatment) New rules applicable to any EU securitisation STS CRR/other directive changes REGISTER NOW

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  20.01.2016

  The reg­u­la­tion of fin­an­cial in­sti­tu­tions in Europe – the su­per­vis­ory and reg­u­lat­ory au­thor­it­ies and their roles, rules and powers

  The following reports are now available: The supervision of financial institutions in the EU The EU legislative and rule-making process: our report, and supplementary training slides and QMV report. The prudential supervision of banks within the Eurozone – the Single Supervisory Mechanism The Single Resolution Mechanism in the Eurozone Charts displaying the structure of regulation in various EU countries Overview of the functioning of the EEA Agreement and recent problems applying financial services law under the EEA Agreement All of these materials can be accessed here: ‘The regulation...

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  06.01.2016

  EU fin­an­cial ser­vices - the le­gis­lat­ive and rule-mak­ing pro­cess

  Background In the reports, we draw a distinction between the rule-making/legislative process (the subject of this report) and the “supervision” of individual firms (to check their compliance with the rules/legislation). The latter topic is addressed in our reports ‘The supervision of financial institutions in the EU’ and ‘The supervision of banks within the Eurozone – the Single Supervisory Mechanism’. Domestic/national legislation and rules Each member state has its own national/domestic procedures. These are used for – adopting domestic/local...

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  15.07.2015

  The reg­u­la­tion of fin­an­cial in­sti­tu­tions in Europe - the su­per­vis­ory and reg­u­lat­ory agen­cies and their roles, rules and powers

  The RegZone reports We have broken this large topic into a series of discrete reports illustrated with a series of charts and diagrams (including 15 charts demonstrating how the institutional structure operates from the perspective of different member states). The RegZone reports are: The supervision of financial institutions in the EU This report looks at the European System of Financial supervision (the ESFS) and the various European institutions including the European Systemic Risk Board (ESRB) and the European Supervisory Authorities (ESAs). It explains the role of the ESAs across...

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  25.02.2015

  As­set en­cum­brance risk man­age­ment policy for Lux­em­bourg banks

  ESRB Recommendations The background for this new regulatory “burden” is the recommendations of the European Systemic Risk Board (the “ESRB”) (ESRB/2012/2) which were first published on 20 December 2012 (the “Recommendations”), with various implementation deadlines up to December 2013. In Luxembourg, the authority in charge of implementing the Recommendations is the CSSF, which promptly implemented the Recommendations in Circular 12/552. Scope of the modifications of Circular 12/552 The scope of the requirement to implement a risk management policy for asset...

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