Regulation

  • Taxonomy deal agreed in principle: Greens jubilant

    Taxonomy deal agreed in principle: Greens jubilant

    The European Union has reached preliminary political agreement on the law that will introduce its Taxonomy of Sustainable Economic Activities. The news was hailed as a triumph by green finance specialists, though there is still a risk of battles to come.

  • ‘Aggressive’ UniCredit springs surprise after targeting P2R capital relief

    ‘Aggressive’ UniCredit springs surprise after targeting P2R capital relief

    Bank capital experts were taken aback this week after UniCredit suggested that it would use subordinated debt to count towards its Pillar 2 capital requirements — a development that, if copied, could lead to a surge in the supply of additional tier one (AT1) and tier two bonds. It could also help financial institutions offset the negative capital impact of Basel IV. Tyler Davies reports.

  • ESMA calls for common EU record for equity trades

    ESMA calls for common EU record for equity trades

    The European Securities and Markets Authority (ESMA) has said a consolidated tape for equity instruments is needed for EU market participants, based on forcing trading venues to enter data. It says this is in order to unify capital markets in the bloc.

  • ISDA asks for Libor 'clarity' from FSB

    ISDA asks for Libor 'clarity' from FSB

    The International Swaps and Derivatives Association (ISDA) has called for more clarity from regulators on the terms surrounding the cessation of Libor.

  • Ophèle signs up to ESMA CCP group

    Ophèle signs up to ESMA CCP group

    The European Securities and Markets Authority has appointed Robert Ophèle as acting chair of its central counterparty supervisory committee.

  • Commercial banks lead highly levered LGC financing

    Commercial banks lead highly levered LGC financing

    Commercial banks are in the driving seat for the highly levered financing of Cinven and Astorg’s purchase of testing business LGC Group. Regulatory issues are said to have kept some US banks away from the deal, but others question whether a large revolver commitment had more of an impact.

  • Loans' Libor problems rumble on

    Loans' Libor problems rumble on

    The syndicated loan market’s shift from Libor to risk-free rates has come under further scrutiny. Law firm Dentons released a report on Wednesday that highlights significant parts of the changeover that remain unresolved.

  • UniCredit is striving not to be a hostage to fortune

    UniCredit is striving not to be a hostage to fortune

    European banks are waiting for relief from central bankers, politicians and regulators. But UniCredit is positioning itself to offset several of the biggest problems facing the sector, giving it greater room to forge its own destiny.

Regulation News Archive