European Commission (EC)
Insurers welcome Eiopa’s review of capital charges on infrastructure and securitisations
Standard formula is too harsh and fails to reflect real risk of long-term finance, say insurers
Insurers push for new way to recognise equivalence of Canada
Regime recognition mechanism proposal should be agreed in Omnibus II, says Standard Life's Porteous
Bernardino calls for firm timetable for implementation of Solvency II
Eiopa chair warns "stagnant" Omnibus II negotiations threaten Solvency II timetable
Esma backtracks on indirect clearing
Final rules remove two controversial proposals, but revive regulators' concerns about access to clearing for small firms
Out of the ashes: Portigon’s rise from WestLB
Out of the ashes
Barnier proposes delay to Omnibus II vote
Commissioner proposes waiting for results of impact study on long-term guarantees in March 2013
Portigon abandons AMA for op risk capital calculation
Portigon – the entity that emerged from the break-up of WestLB – moves away from the AMA for op risk calculation after forced restructure
German insurers warn of Solvency II threat to infrastructure investment
Insurers keen to invest in real economy, finds BaFin study, but regulatory uncertainty holding them back
Regulation could create uneven playing field for structured products, say participants
A UK ban on commission payments to independent financial advisers will likely not be replicated in Europe, putting UK structured products at a competitive disadvantage, some participants warn
Pressure mounts on Esma over clearing exemption
Responses to Esma's draft technical standard on Emir call for the agency to clarify its position on forex clearing - with some suggestion NDFs could be exempt
Q&A: Christian Clausen on bank capital, systemic risk buffers and bail-in debt
Hitting the buffers
Policy-makers urged to widen scope of matching adjustment 'for good of society'
Current proposals would transfer risk to consumers and increase price of guarantees, argues consultancy
Council proposal on life morbidity insurance threatens compromise on long-term guarantees
European Parliament concerned about proposal which could derail negotiations on Ommibus II, warns Econ committee chair Bowles
Fears that Prospectus Directive update will curb structured product innovation
A change in the requirement for the final terms of a prospectus could restrict innovation in structured products, say market participants
Editorial: Shifting the burden of proof
Editorial: Shifting the burden of proof
Assessing the European Commission's final Prips proposals
Mending the Prips patchwork
Breakdown of Omnibus II negotiations piles pressure on Solvency II timetable
Negotiations to resume in September, but there are fears that deadlock will continue
House of Lords committee chair warns of Mifid liquidity costs
Transparency and own-capital ban for OTFs could interfere with “free flow” of market, says Lord Harrison, chair of a House of Lords committee that yesterday warned of fundamental flaws in Europe’s Mifid review
Time running out for Omnibus II negotiations as latest trilogue fails to find agreement
Further trilogue scheduled as policy-makers seek compromise on package for long-term products before summer recess
Update: EC publishes Prips regulation
As Europe's structured products professionals await the publication of the final version of the European Commission's Packaged Retail Investment Products regulation, the debate about what it should and should not include still rages
Update: EC Prips Regulation due for publication on July 3; latest draft shifts burden further towards structured product creators
Europe's laws on the key information document (Kid) and packaged retail investment products (Prips) are scheduled for implementation on July 3. The latest draft suggests more onerous responsibility for product providers
Mifid amendments lift barrier to brokers owning OTFs
Tweaks to Mifid text would allow owners of OTFs to engage in matched principal trading
Eurozone risk management gets political
Getting political