Novinky v oblasti regulácie finančných služieb #3

European crisis management framework

Since the European crisis management framework was established in 2014, there have not been many failing banks in Europe. However, the recent global health pandemic, combined with the ongoing conflict in Europe between Russia and Ukraine, could easily change this.

Prečítajte si viac

Eurofi financial summit on EU ecology and digital

Established in 2000, the Eurofi meetings occur bi-annually alongside the Economic and Financial Affairs Council configuration (ECOFIN) meetings. The summit in Paris focused on the EU’s ambition of a successful ecological and digital transition by establishing a favourable regulatory environment that would allow Europe a safe growth trajectory and a strong competitive advantage.

Prečítajte si viac

Banks' efforts on environmental risk disclosures

In March 2022, the European Central Bank (ECB) published its second snapshot of climate-related and environmental risk disclosure levels among significant institutions under its direct supervision. The results demonstrate that efforts are still required by banks to disclose exposures to climate-related and environmental risks transparently. Indeed, 45% of the disclosures were even assessed as insufficient...

Prečítajte si viac

What implications are Russian sanctions bringing?

Following Russia’s annexation of Crimea in March 2014, the United States (US) and the European Union (EU), together with other countries, imposed mainly economic sanctions on Russia. Since Russia’s recognition of the self-proclaimed autonomous republics of Donetsk and Lugansk, followed by Russia’s attack on Ukraine on 24 February 2022, these sanctions have taken on new significance for financial institutions.

Prečítajte si viac

Prudential risks for banks with a Russian presence

The invasion of Ukraine by Russia on 24 February 2022 is considered the most significant geopolitical event since the Second World War. While there is no question of military intervention by the European Union (EU) at the moment, the EU has nevertheless decided on a major package of sanctions that will have a heavy impact on the Russian economic and financial system. These sanctions will also impact...

Prečítajte si viac

Can crypto-assets give banks a regulatory edge?

Crypto-asset markets have been on banks’ radar for some time. While interest and involvement have varied, regulatory developments have been a driving force. In September 2020, the European Union (EU) published a proposal for the regulation of Markets in Crypto-assets (MiCA), offering a uniform legal framework for crypto-assets in the EU. On 14 March 2022, an amended version of MiCA was voted and backed...

Prečítajte si viac