European Banking Authority (EBA)
Dora ‘critical tech vendor’ designation could cast a wide net
Experts think cloud services, data providers and software firms are all in regulators’ sights.
Dutch Banks, Zapata Computing Tap Quantum Computing for Stress Test Projects
ABN, ING and Rabobank are exploring quantum for regulatory stress tests. In the US, Zapata Computing is seeking a patent for the same.
EU Proposal Takes Aim at Major Cloud Providers
Jo writes that the EU’s new digital package could find large cloud providers operating in the bloc subject to potentially invasive oversight, as the EU strives for “data sovereignty”.
Regulators Defend ESG Data Requirements
Disclosures will protect end investors and increase the amount of data on ESG, supervisory authorities said at a public hearing.
ESG Disclosures Will be a Data Sourcing Headache for the Buy Side
The draft technical standards for the EU's updated disclosures regulation will impact most market participants, analysts say.
AI in the Cloud: How the Two are Making for a Perfect Match
As more financial institutions are starting to expand their usage of AI, they are turning to the cloud to help scale up. However, there are things to consider before doing so. Wei-Shen Wong examines.
Cloud Worries Show Up in New EU Outsourcing Guidance
Financial firms must maintain a register of all outsourced critical functions under new guidelines now in effect in Europe.
European Watchdogs Warn on Cyber, Cloud and CCPs
The bloc’s primary financial regulators say immediate work is needed to protect systems.
Esma Gains Sweeping New Powers in Commission Review
MEP Markus Ferber tells Waters that this change “must not mean that the ESAs can do what they want to just because they get more money,” and that the ESG provisions are “a non-starter”.
Regulatory Forbearance May Not Be Forthcoming for VM Rule Changes
A last-ditch plea to regulators to take a lenient approach once the variation margin requirements come into effect may fall on deaf ears.
Variation Margin Requirements: The New Big Bang
On March 1 this year, a new set of requirements for variation margins on derivatives trades take effect that will affect nearly all market participants across both cleared and non-cleared derivatives. In the run-up to the deadline, John Brazier finds…
EBA Releases V2.6 of XBRL Reporting Standard
Supervisory reporting taxonomy updated to improve reporting features validation rules.
Anadolubank Picks AxiomSL for Netherlands Reporting
Dutch bank will use XBRL solution for submitting reports to central bank
Deutsche Bank Debuts AnlageFinder for Maxblue
Robo-advisor AnlageFinder designed to offer automated asset allocations.
Controlling the Flows
Enhanced Liquidity Ratios for Europe Bring Extra Burden to Firms
Pinpointing Attributes
Accuracy and timeliness are in increasing demand for both identifiers and pricing
Data Requirements May Place Strains on Bank Infrastructure for Corep Compliance
Legacy systems and continued use of Excel are making it difficult for firms to upgrade taxonomy in keeping with deadlines set by the European Banking Authority for its reporting guidelines
EU Regulators Emphasize Cyber Risk in Joint Report
The Joint Committee of the European Supervisory Authorities (JCESA) has said that the risk to financial market institutions from cyber attack is grave, and warns that firms must be prepared to consider the resources allocated to this area.
ESMA, EBA Recommend Euribor Rate-Setting Revamp
The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have penned a set of new proposals for improving the process by which the Euro Interbank Offered Rate (Euribor) is decided.