Dealers say the agencies’ request for info could prompt new rules that stifle model innovation.
Jo writes that the EU’s new digital package could find large cloud providers operating in the bloc subject to potentially invasive oversight, as the EU strives for “data sovereignty”.
Disclosures will protect end investors and increase the amount of data on ESG, supervisory authorities said at a public hearing.
The draft technical standards for the EU's updated disclosures regulation will impact most market participants, analysts say.
Growing concern from regulators and industry bodies about potential harm to investors could yet force the European Commission to eventually rethink its position on PRIIPS.
The bloc’s primary financial regulators say immediate work is needed to protect systems.
MEP Markus Ferber tells Waters that this change “must not mean that the ESAs can do what they want to just because they get more money,” and that the ESG provisions are “a non-starter”.
MiFIR compliance will spur continued growth of registrations
With directive now in place, EIOPA begins supervisory plans
Identification, Clearance and Reporting All Affected
EIOPA Deadline Puts Pressure On Lagging Segment of Financial Industry
The regulation's proposed requirement for reporting using legal entity identifiers is nearing the end of its industry comment period, and firms that will be affected are looking at how to comply.
The Frankfurt-based supervisory authority for the insurance industry is seeking feedback on its plans to make use of legal entity identifiers mandatory in Europe
The Joint Committee of the European Supervisory Authorities (JCESA) has said that the risk to financial market institutions from cyber attack is grave, and warns that firms must be prepared to consider the resources allocated to this area.
The data vendor is supplying more than 120 data points to help asset managers and insurers comply with the European Union directives, including the new Complementary Identifier Code, which the company is providing at both the instrument and individual…
Solvency II may be delayed, but it has not gone away. As the most focused industry participants chip away at the complexity of the European insurance regulation, Nicholas Hamilton discovers innovative compliance solutions, including data metering systems…
The engine guides end-users through the completion of the Quantitative Reporting Templates and leverages the data warehouse of the technology company's PATOne data platform
European regulator's announcement that an important code in its capital adequacy directive will not be harmonized through all countries could undermine the regulation itself
The final report on the disclosure and reporting requirements for Solvency II has provided some clarification, but it also highlighted new data management challenges, writes Nicholas Hamilton
The European Insurance and Occupational Pensions Authority has emphasized that the complementary identification code is intended to help supervise the identification of risk and not to develop a consistent approach to data management
The European regulator is recommending that firms base their preparations for Solvency II on its final report on disclosure and reporting requirements, despite the likelihood of some changes
Northern Trust's Andrew Melville says insurance companies should not assume their asset managers can provide them with the asset data needed for Solvency II reporting, and should check how their custodians and administrators can help them to comply
Reporting requirements for Solvency II present major challenges for third-party administrators, who must provide new data elements and keep an eye on the data costs their insurance clients may have to pay, writes Nicholas Hamilton