European Commission (EC)
Subprime rating actions spark EC review of agencies
The European Commission (EC) is planning an “intensive review” of credit rating agencies after the slew of recent rating actions on securities affected by poorly performing US subprime mortgages.
European Commission threatens EU member states behind on Mifid
Daily news headlines
European Commission gives an update on Mifid at e-symposium
Daily news headlines
European Commission speech on EU/US regulatory dialogue
More EU/US coordination on regulation needed, says Holmquist
Japan-EU meeting to discuss financial issues
JFSA briefs EC on Basel II implementation process
EU Commission publishes implementing measures for the Transparency Directive
Transparency Directive published in the Official Journal of the European Commission
European Commission sets up Mifid website
The European Commission hopes its new website will help with Mifid implementation
Industry opposes transparency rules in non-share markets
The European Commission (EC) doesn't need to act to improve transparency in financial markets, a poll of industry members found.
Plain English please
Complaints are reaching me about the way in which the US regulators have released the notice of proposed rulemaking (NPR). My sources point out that the advance notice of proposed rulemaking – released way back in those halcyon days of August 2003 – came…
Industry to call for €50,000 minimum EU hedge fund threshold
An industry body formed to analyse the current organisation of the alternative investments business in the European Union (EU) will tomorrow call for no specific regulation of hedge funds save for a minimum investment threshold requirement of €50,000.
More IT for MiFID
MiFID's success hinges on IT prospects, write Choongo Moonga and Phil Craig . But many in the industry are balking at the costs involved
The importance of ALM
The crossfire between the International Accounting Standards Board and the European Commission seems to have left corporates bewildered about the implications of IAS 39. Risk talks to leading advisory groups and corporates about the challenges ahead, and…
Basel II package rapporteur named
Alexander Radwan has been named the rapporteur for the package of Basel II legislation winding its way through the European parliament.
Sponsor's Article > Managing Capital in Financial Institutions
Capital is key to any financial institution. Companies in other industries need capital to buy property and production equipment. For financial institutions, the primary function of capital is to cover unexpected credit and market risks losses, because…
EU Commission sets out its stall on CAD
The EU Commission published a feedback document on its website today on the responses to its third consultation paper on revisions to the Capital Adequacy Directive (CAD).
EU Commission considers changes to op risk framework
The EU Commission is considering modest changes to the operational risk framework of its proposed capital adequacy directive (CAD), in response to comments received to its most recent draft, according to a source within the organisation.
EU moves to finalise CAD
With 130 responses to its latest draft of the capital adequacy directive (CAD) now in hand, the EU Commission is looking to make the directive into law.
Economic capital – how much do you really need?
Economic capital is becoming the language of risk. While market, credit and operational risk have different determinants and use different methodologies, the levels of risk can all be summarised in a common dimension – the amount of economic capital…
EU Commission outlines region's Basel II impact
More than 1,000 investment firms and 9,322 banks will implement the EU's capital adequacy directive, according to Patrick Pearson, head of banking and financial conglomerates unit of the internal markets division of the EU Commission.
There can be no more Basel delays, warns Bolkestein
The European Union will not meet its CAD 3 implementation targets if the new Basel II capital Accord is hit by further delays, Frits Bolkestein, internal market and taxation commissioner for the European Commission (EC), warned at a conference today.
European Commission welcomes IASB compromise
The European Commission has welcomed yesterday’s International Accounting Standards Board decision to try to allow for ‘macro-hedging’ as part of proposed new accounting standards, due to come into place in 2005.
European Commission publishes consultation results
Brussels - Over 100 written responses to a consultation on a new framework on capital requirements for banks and investment firms have been published on the European Commission's website.
Why risk IT?
Ever more complex investment risks with crushing liability factors and increased client scrutiny demand new and highly sophisticated technology, says Adrian Pay of LatentZero.
EU supervisory committee to be established
The European Commission is establishing a supervisory committee designed to promote convergence among EU nations in the adoption of the Basel Accord revisions and the related EU Capital Adequacy Directive (CAD), according to Jean-Claude Thebault, head of…