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News: Financial services and capital markets

July 2016
18.07.2016InsurancesThe Commission requests EIOPA's advice on the review of specific items in the Solvency II Delegated Regulation (Letter from FISMA's Director General Olivier Guersent to EIOPA's chairman Gabriel Bernardino | Call for advice to EIOPA)
14.07.2016Retail financial servicesThe Commission has published a summary of the 428 responses to the consultation following the Green paper on retail financial services
14.07.2016Investment FundsNew rules to support investment in venture capital and social enterprises (IP/16/2481)
01.07.2016SecuritiesNew EU rules to fight insider dealing and market manipulation in Europe's financial markets take effect
June 2016
30.06.2016Occupational pensionsCommission welcomes deal to improve rules for occupational pensions
30.06.2016Retail financial servicesNew EU rules for consumer-friendly information on retail investment products (Daily news 30/06/2016)
22.06.2016Retail financial servicesWorkshop on the implementation of the PRIIPs framework (Brussels, 11.07.2016)
16.06.2016Banking, InfringementsThe services of the Commission have verified that the transposition of the banking resolution Directive (2014/59/EU - BRRD) into national law by Portugal is now complete; therefore the Commission has closed the case.
16.06.2016Investment Funds, InfringementsThe services of the Commission have verified that the transposition of the Directive 2011/61/EU (Alternative investment funds) into national law by Italy is now complete; therefore the Commission has closed the case.
16.06.2016Free movement of capital, InfringementsCommission has decided to refer Hungary to the Court of Justice of the EU for failure to bring national rules terminating certain usufruct rights on agricultural land in line with EU law. (IP/16/2102)
15.06.2016Retail financial servicesThe Commission proposes a regulation to establish an EU programme to support two non-profit organisations, Finance Watch and Better Finance, for the 2017-2020 period (Daily News 15/06/2016)
15.06.2016Investment FundsCommission welcomes EU Council’s backing for a new regulatory framework of Money Market Funds (IP/16/2226)
10.06.2016Financial Markets InfrastructureAdoption of a delegated regulation on central clearing for interest rate derivatives (Daily News 10/06/2016)
08.06.2016InsurancesThe Commission has published an Inception Impact Assessment on the revision of material and geographical scope of the Motor Insurance Directive
08.06.2016SecuritiesCommission welcomes Council’s backing of the prospectus reform
02.06.2016Investment FundsThe Commission launched a public consultation on cross-border investment funds to see how to strengthen the single market passport for cross-border investment funds. (Daily News 31/05/2016)
May 2016
27.05.2016InsurancesJoint statement on EU-US negotiations for a bilateral agreement on insurance and reinsurance measures
27.05.2016InsurancesThe European Commission adopts Implementing Act on the risk-free rate under the Solvency II Directive for the second quarter of 2016
26.05.2016BankingThe Commission has launched two targeted consultations about issues related to the CRR/CRD IV review
26.05.2016Banking, InfringementsCommission has decided to refer Poland to the Court of Justice of the EU for failing to transpose EU rules on Deposit Guarantee Schemes. The transposition date was 3 July 2015. (IP/16/1826)
26.05.2016Banking, InfringementsThe services of the Commission have verified that the transposition of the credit rating agencies Directive into the national laws by Italy, Luxembourg and Portugal is now complete; therefore the Commission has closed the cases.
26.05.2016Banking, InfringementsThe services of the Commission have verified that the transposition of the credit institution and prudential supervision Directive (2013/36/EU - CRD VI) into the national laws by Italy, Luxembourg and Portugal is now complete; therefore the services of the Commission has closed the cases.
26.05.2016Free movement of capital, InfringementsCommission requests Bulgaria, Hungary, Lithuania, Latvia and Slovakia to comply with EU rules on free movement of capital and eliminate those restrictions contained in the national laws on the acquisition of agricultural land that it finds unjustified or discriminatory against EU nationals. (IP/16/1827)
23.05.2016BankingEuropean Commission specifies criteria for banks to hold easily “bail-inable” instruments in case of resolution (IP/16/1752)
17.05.2016Financial ServicesCall for evidence on the EU regulatory framework for financial services: the Commission publishes the summary of the responses received
10.05.2016InsurancesThe Commission adopted a Communication to the European Parliament and the Council (COM(2016)246 final) on the adaptation in line with inflation of minimum amounts of cover laid down in Directive 2009/103/EC on Motor Insurance
03.05.2016Financial ServicesThe European Commission publishes its report on the EU crowdfunding sector, part of the Capital Markets Union Action Plan (IP/16/1647)
April 2016
28.04.2016SecuritiesThe European Parliament approves the adoption of the Regulation on financial benchmarks (IP/16/1606)
28.04.2016Securities, InfringementsThe Commission has closed a case against Romania concerning the compliance of Romanian law with the directive 2004/39/EC on markets in financial instruments (MIFID).
28.04.2016Insurances, InfringementsThe Commission has closed a case against Poland concerning the incorrect transposition of the motor insurance Directive (2005/14/EC).
28.04.2016Banking, InfringementsCommission requests Belgium and Slovenia to transpose the banking resolution Directive (2014/59/EU - BRRD) into the national laws and to notify it to the Commission.
28.04.2016Banking, InfringementsThe services of the Commission have verified that the transposition of the banking resolution Directive (2014/59/EU - BRRD) into the national laws by Croatia, Finland, France and Malta is now complete; therefore the Commission has closed the cases.
28.04.2016Banking, InfringementsCommission requests Belgium, Latvia, The Netherlands and Slovakia to transpose the credit institution and prudential supervision Directive (2013/36/EU- CRD VI) into the national laws and to notify it to the Commission.
28.04.2016Banking, InfringementsThe services of the Commission have verified that the transposition of the credit institution and prudential supervision Directive (2013/36/EU - CRD VI) into the national laws by Bulgaria, Estonia, Ireland, Finland, France, Malta, Sweden and United Kingdom is now complete; therefore the Commission has closed the cases.
28.04.2016Free movement of capital, InfringementsThe Commission has closed a case against Austria concerning the acquisition of resort homes in the Land Vorarlberg since the restrictions contained in the national law have been eliminated.
20.04.2016SecuritiesSecuritisation: Letter from Commissioner Hill to Roberto Gualtieri, Chair of the ECON Committee in the European Parliament
20.04.2016SecuritiesThe European Commission informed ESMA about its decision to endorse draft regulatory technical standards on the non-equity transparency, the ancillary test and position limits provided that certain changes are made
01.04.2016InsurancesCapital Markets Union: Making it easier for insurers to invest in infrastructure (IP/16/1161)
01.04.2016InsurancesCommission amendment to Solvency II Delegated Act, concerning infrastructure investments, European Long-Term Investment Funds, the equity transitional measure, and Multilateral Trading Platforms, is published in the Official Journal following approval by the European Parliament and Council.
March 2016
21.03.2016Retail financial servicesThe Mortgage Credit Directive entered into force (Daily News 21/03/16)
15.03.2016Financial Markets InfrastructureThe European Commission adopted an “equivalence” decision (implementing act) for the regulatory regime for central counterparties (CCPs) of the United States Commodity Futures Trading Commission (IP/16/807)
01.03.2016Financial Markets InfrastructureThe European Commission adopted a new set of rules on central clearing for certain credit derivative contracts (IP/16/463)
February 2016
23.02.2016InsurancesJoint statement on EU-US negotiations for a bilateral agreement on insurance and reinsurance measures
23.02.2016InsurancesThe Insurance Distribution Directive entered into force (Daily News 23/02/16)
10.02.2016Financial Markets InfrastructureEuropean Commission and the United States Commodity Futures Commission: Common approach for translatlantic CCPs (IP/16/281)
10.02.2016SecuritiesCommission extends by one year the application date for the MiFID II package (IP/16/265)
10.02.2016Retail financial servicesTake part in the Public hearing on the Green paper on retail financial services on 2.3.2016 in Brussels
09.02.2016Financial ServicesCall for evidence on the EU regulatory framework for financial services: the contributions we received are available online
05.02.2016InsurancesThe European Commission adopts Implementing Act on the risk-free rate under the Solvency II Directive for the first quarter of 2016
02.02.2016Payment servicesCommission presents Action Plan to strengthen the fight against terrorist financing (IP/16/202)
02.02.2016InsurancesThe Insurance Distribution Directive has been published in the Official Journal of the European Union
January 2016
20.01.2016InsurancesThe Insurance Distribution Directive was adopted by the European Union
04.01.2016InsurancesThe European Commission welcomes the entry into application of the Solvency II Directive (Daily News 04/01/16)
01.01.2016InsurancesThe third group of three Solvency II Implementing Technical Standards on the templates for the submission of information to the supervisory authorities, the procedures, formats and templates of the solvency and financial condition report and the templates and structure of the disclosure of specific information by supervisory authorities has entered into force on 1 January 2016 after its publication in the official journal of the European Union
December 2015
16.12.2015BankingThe Commission proposed to extend until 31 December 2020 the CRR exemption for firms that trade exclusively in commodity derivatives
10.12.2015Retail financial servicesThe European Commission launched a Green paper consultation to look at financial services from the perspective of European consumers in order to boost competition, transparency and choice (IP/15/6286)
10.12.2015Investment Funds, InfringementsThe transposition of the alternative investment fund Directive into national law by Lithuania and Portugal is now complete and the services of the Commission propose to close the case.
10.12.2015Banking, InfringementsThe transposition of Directive 2013/36/EU into national law by Austria, Cyprus, Czech Republic, Greece, Hungary and Romania is now complete and the services of the Commission propose to close the case.
10.12.2015Insurances, InfringementsThe European Commission requests Cyprus to transpose the Solvency II Directive (Directive 2009/138/EC) into its national law (MEMO/15/6223)
10.12.2015Banking, InfringementsBulgaria implemented the Deposit Guarantee Schemes' Directive and measures suspending the liabilities of KTB ceased, so the services of the Commission propose to close the case
10.12.2015Banking, InfringementsThe European Commission has formally requested Belgium, Cyprus, Estonia, Greece, Italy, Luxembourg, Poland, Romania, Slovenia, and Sweden to fully implement the Deposit Guarantee Schemes' Directive (IP/15/6353)
02.12.2015InsurancesThe European Commission has adopted a third group of three Solvency II Implementing Technical Standards on the templates for the submission of information to the supervisory authorities, the procedures, formats and templates of the solvency and financial condition report and the templates and structure of the disclosure of specific information by supervisory authorities
November 2015
30.11.2015SecuritiesThe Commission adopts a legislative proposal for the Prospectus Regulation to overhaul prospectus rules in order to improve access to finance for companies and simplify information for investors (IP/15/6196)
30.11.2015SecuritiesCommission Delegated Regulation (EU) supplementing Directive 2003/71/EC of the European Parliament and of the Council with regard to regulatory technical standards for approval and publication of the prospectus and dissemination of advertisements and amending Commission Regulation (EC) No 809/2004 has been adopted
26.11.2015InsurancesEuropean Commission adopts a second package of equivalence decisions under Solvency II for Japan and Bermuda (Daily News 26/11/2015)
25.11.2015SecuritiesThe European Commission welcomes last night’s agreement between the European Parliament and the Council of the EU on a Regulation of financial benchmarks (IP/15/6169)
19.11.2015Insurances, InfringementsThe European Commission has requested Bulgaria, Greece, Luxembourg, Slovenia and Sweden to transpose the Solvency II Directive (Directive 2009/138/EC) into their national legislation (MEMO/15/6006)
19.11.2015Insurances, InfringementsThe European Commission has requested Bulgaria, Greece, Luxembourg, Slovenia and Sweden to transpose the Omnibus II Directive (Directive 2014/51/EU) into their national legislation (MEMO/15/6006)
18.11.2015InsurancesSpeech by Olivier Guersent, Director General of DG Financial Stability, Financial Services and Capital Markets Union, at the EIOPA Conference
16.11.2015Financial Markets InfrastructureThe Commission launches a call for applications with a view to selecting members of an informal expert group on post-trading – the European Post-Trading Forum – which is currently being established to assist the Commission in its review of the barriers to cross-border clearing and settlement. The call is open for applications until 21 December 2015.
13.11.2015Financial Markets InfrastructureThe European Commission adopts five ‘equivalence’ decisions (implementing acts) for the regulatory regimes for central counterparties (CCPs) in Canada, Mexico, South Africa, Switzerland and Republic of Korea. (IP/15/6075)
12.11.2015InsurancesThe European Commission has adopted a second group of seven Solvency II Implementing Technical Standards (OJ L295)
October 2015
29.10.2015Financial Markets Infrastructure, InfringementsEuropean Parliament adopts Commission proposal to improve transparency of the shadow banking sector (IP/15/5930)
22.10.2015Investment Funds, InfringementsTransposition of the legislation on Prudential Requirements for Banks and Investment Firms by Romania and Slovenia is now complete for which the Commission services propose to close the infringement case
22.10.2015Insurances, InfringementsThe Commission has closed infringement case 2006/5023 against Ireland concerning the health insurer Voluntary Health Insurance (VHI), as VHI has taken the necessary steps to obtain an insurance licence and now conforms to the non-life insurance Directive (2002/13/EC) and Solvency II (2009/138/EC).
22.10.2015Financial Services, InfringementsCommission refers Czech Republic, Luxembourg, The Netherlands, Poland, Romania and Sweden to the Court of Justice of the EU for failing to transpose EU rules on Bank Recovery and Resolution (IP/15/5827)
14.10.2015InsurancesCommission requests EIOPA's further advice regarding the treatment of insurers’ investments in infrastructure corporates under Solvency II (Letter from Olivier Guersent, Director General to Gabriel Bernardino, EIOPA Chairman)
08.10.2015Payment servicesThe European Parliament adopts of the revised Directive on Payment Services (PSD2) to create safer and more innovative European payments (IP/15/5792)
September 2015
30.09.2015Investment FundsThe Commission launches a public consultation on the review of the European Venture Capital Funds (EuVECA) and European Social Entrepreneurship Funds (EuSEF) regulations as part of the Capital Markets Union action plan (IP/15/5731)
30.09.2015BankingThe Commission launches a public consultation on covered bonds in the European Union as part of the Capital Markets Union action plan (IP/15/5731)
30.09.2015Financial ServicesThe Commission launches a call for evidence on the EU regulatory framework for financial services in the European Union as part of the Capital Markets Union action plan (IP/15/5731)
30.09.2015InsurancesAs part of the Capital Markets Union Initiative, Commission adopts amendment to Solvency II Delegated Act, concerning infrastructure investments, European Long-Term Investment Funds, the equity transitional measure, and Multilateral Trading Platforms. (IP/15/5731)
30.09.2015SecuritiesThe Commission adopted, as part of the Capital Markets Union action plan, its Securitisation initiative composed of a securitisation Regulation and of a proposal to amend the Capital Requirements Regulation (IP/15/5731)
August 2015
06.08.2015Financial Markets InfrastructureThe European Commission adopted a delegated regulation that makes it mandatory for certain over-the-counter (OTC) interest rate derivative contracts to be cleared through central counterparties (IP/15/5459)
July 2015
24.07.2015BankingCommission intends to amend the draft ITS with regard to additional monitoring metrics for liquidity reporting
15.07.2015InsurancesStatement by the Romanian Financial Supervision Authority, the European Commission and the EIOPA on the independent assessment of the Romanian insurance sector
15.07.2015BankingThe European Commission launched a consultation on the Possible impact of the CRR and CRD IV on bank financing of the economy (IP/15/5347)
01.07.2015InsurancesCommission welcomes deal to improve consumer protection for insurance products (IP/15/5293)
June 2015
29.06.2015Free movement of capitalThe European Commission finds the capital controls imposed by the Greek authorities to be, prima facie, justified. Statement by Commissioner Hill. (STATEMENT/15/5271)
19.06.2015BankingBanking structural reform: ECOFIN Council agrees its position (STATEMENT/15/5237)
18.06.2015Free movement of capital, InfringementsCommission requests Austria, The Netherlands, Romania, Sweden and Slovakia to comply with EU rules on free movement of capital (IP/15/5198)
18.06.2015Insurances, InfringementsCommission asks France to comply with EU law (MEMO/15/5192)
17.06.2015Financial ServicesCommission welcomes agreement on improving transparency of certain financial transactions in the shadow banking sector (IP/15/5210)
05.06.2015Financial Markets InfrastructurePension funds granted further two-year exemption from central clearing requirements
05.06.2015InsurancesEuropean Commission adopts a first package of third country equivalence decisions under Solvency II (IP/15/5126)
04.06.2015BankingEuropean Commission extends transitional period for capital requirements for EU banks’ exposures to central counterparties (CPPs) until 15 December (IP/15/5102)
Last update: 12/11/2014 | Top