The European Securities and Markets Authority (ESMA) has published today an opinion which sets out how central counterparties (CCPs) in the EU should consider in their internal risk models the liquidity risk posed by all entities towards which the CCP has a liquidity exposure, such as liquidity providers. The opinion, published under the European Markets […]
Opinion on CCP Liquidity Risk Assessment
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Issue 9 2018
European Securities and Markets Authority (ESMA) Central Bank of Ireland Please note that this Markets Update is intended to be a general summary only and does not purport to constitute an interpretation of, or the Central Bank’s position on, any of the legislative provisions, rules, requirements or guidance referenced herein. In case of any doubt, […]
Arden & Partners (Clone) (clone of FCA authorised firm)
Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm. This is what we call a ‘clone firm’; and fraudsters usually […]
Arden & Partners (clone of FCA authorised firm)
Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm. This is what we call a ‘clone firm’; and fraudsters usually […]
Steven Maijoor addresses FESE Convention 2018 on MiFID II implementation
Key areas of focus included: Progress on Legal Entity Identifiers and Double Volume Cap LEI progress “ESMA and NCAs have been closely monitoring the use of LEIs and have observed a steady and substantial increase in its use: currently 95.5% of the instruments reported in our reference data system have the correct LEI”. DVC “The […]
Enforcement Action: St. Canice’s Kilkenny Credit Union fined €210,0000
22 June 2018 Press Release St Canice’s Kilkenny Credit Union Limited fined €210,000 by the Central Bank of Ireland in respect of breaches of the Credit Union Act 1997 The Central Bank of Ireland (the “Central Bank”) has fined St Canice’s Kilkenny Credit Union Limited (the “Credit Union” or […]
Wallace Braxton Credit Union Limited (clone of FCA authorised firm)
Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm. This is what we call a ‘clone firm’; and fraudsters usually […]
FCA statement on EBA’s draft PSD2 Guidelines and Opinion for banks and others involved in open banking
We are supportive of the views contained in the EBA Opinion and encourage firms and API initiatives to consider these views. If the final version of the Guidelines is the same as the published draft, and subject to our own consultation process, we would expect to comply with the Guidelines. The RTS set out how […]
Letter from Commission VP Dombrovskis answer to ESMA letter on MiFID II ancillary activity (ESMA70-154-5851)
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