Crime – FinConf News

You got hacked? You’re on your own!

31/08/202001/09/2020 Infigo IS Anti-Money Laundering, Crime, Cybersecurity, Infigo IS

It is a cold hard truth but when you get hacked, as a company, there is a big chance, a great chance, nobody will answer for it. Internet is a big place, and there isn’t a police force that could go around the world and catch cybercriminals. So, what can you do? You do all the work yourself!

ECB
ECB- Legal
Finance Watch
EBA

ECB publishes guide on method of determining penalties for regulatory breaches

2 March 2021

[...]

Andrea Enria: Interview with Le Monde

1 March 2021

[...]

Andrea Enria: Interview with HRT

25 February 2021

[...]

ECB publishes supervisory Memoranda of Understanding

19 February 2021

[...]

Edouard Fernandez-Bollo: What does the ECB expect from banks’ leaders?

19 February 2021

[...]

CON/2020/16 Opinion on amendments to the Union prudential framework in response to the COVID-19 pandemic

19 May 2020

[...]

CON/2020/15 Opinion on amendments to Latvian national security, emergency situation and mobilisation laws

10 May 2020

[...]

ECB/2020/22 Regulation (EU) 2020/605 of the ECB of 9 April 2020 amending Regulation (EU) 2015/534 on reporting of supervisory financial information

6 May 2020

[...]

CON/2020/12 Opinion on the identification and reporting by financial institutions of the allocation of sums deposited in savings account

16 April 2020

[...]

ECB/2020/19 Recommendation of the ECB of 27 March 2020 on dividend distributions during the COVID-19 pandemic and repealing Recommendation (ECB/2020/1)

29 March 2020

[...]

Tackling non-performing loans in the aftermath of the Covid-19 pandemic

16 February 2021

[...]

Bail out people, not banks

15 February 2021

[...]

Fossil fuel lending is a financial stability issue

1 September 2020

[...]

The EU recovery plan can still be made into a catalyst for sustainability

31 July 2020

[...]

Which financial services are needed for financial inclusion?

7 July 2020

[...]

EBA publishes final revised Guidelines on money laundering and terrorist financing risk factors

1 March 2021

The EBA published today its final revised Guidelines on ML/TF risk factors. The revisions take into account changes to the EU Anti Money Laundering and Counter Terrorism Financing (AML/CFT) legal framework and address new ML/TF risks, including those identified by the EBA’s implementation reviews. In addition to strengthening financial institutions’ risk-based approaches to AML/CFT, the revision supports the development of more effective and consistent supervisory approaches where evidence suggested that divergent approaches continue to exist. The Guidelines are central to the EBA’s work to lead, coordinate and monitor the fight against money laundering and terrorist financing. [...]

EBA launches public consultation on draft technical standards on Pillar 3 disclosures of ESG risks

1 March 2021

The European Banking Authority (EBA) published today a consultation paper on draft implementing technical standards (ITS) on Pillar 3 disclosures on Environmental, Social and Governance (ESG) risks. The draft ITS put forward comparable disclosures that show how climate change may exacerbate other risks within institutions’ balance sheets, how institutions are mitigating those risks, and their green asset ratio on exposures financing taxonomy-aligned activities, such as those consistent with the Paris agreement goals. [...]

EBA advises the Commission on KPIs for transparency on institutions’ environmentally sustainable activities, including a green asset ratio

1 March 2021

The European Banking Authority (EBA) published today an Opinion in response to the Commission’s call for advice on KPIs and related methodology for the disclosure by credit institutions and by investment firms of information on how and to what extent their activities qualify as environmentally sustainable in accordance with the EU Taxonomy. In the advice, the EBA underlines the importance of the green asset ratio, supported by other KPIs, as a key means to understand how institutions are financing sustainable activities and meeting the Paris agreement targets. [...]

ESAs issue recommendations on the application of the Regulation on sustainability-related disclosures

25 February 2021

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have today published a joint supervisory statement on the effective and consistent application and national supervision of the Regulation on sustainability-related disclosures in the financial services sector (SFDR). The statement aims to achieve an effective and consistent application and national supervision of the SFDR, promoting a level playing field and protecting investors. [...]

EBA consults on draft technical standards to improve supervisory cooperation for investment firms

24 February 2021

The European Banking Authority (EBA) launched today two public consultations on regulatory technical standards (RTS) and Implementing Technical Standards (ITS) on cooperation and information exchange between competent authorities involved in prudential supervision of investment firms. These draft standards provide a solid framework for (i) cooperation in the supervision of investment firm groups though colleges of supervisors and (ii) for information exchange for investment firms operating through branches or the free provision of services. These draft standards are part of the phase 2 mandates of the EBA roadmap on investment firms, and aim at improving cooperation and information exchanges between the supervisors… [...]