Regulation

Finma states guidelines for Facebook Libra Swiss operations

Amidst stiff resistance from European governments, Facebook’s Geneva-based Libra Association had recently approached the Swiss Financial Market Supervisory Authority (FINMA) for an assessment of its stable coin under Swiss supervisory law. Here’s what the regulator had to say.

Single electronic format for reporting will create transparency

Issuers on EU regulated markets will now have to prepare their annual financial reports (AFRs) in the XHTML format (and not the usual PDF template), under the European Single Electronic Format (ESEF) from 1 January 2020.

Spanish reg' consults on improving authorisation process

The Comisión Nacional del Mercado de Valores (CNMV) wants to gain efficiency in the authorisation process of asset management and investment services firms in Spain.

ESMA stress test simulation identifies liquidity impact on Euro funds

The European Securities and Markets Authority (ESMA) has developed a framework for stress simulations for the investment fund sector, applying it to 6,000 UCITS bond funds as a case study.

ESMA stress tests for fund managers mandatory from 2020

European Securities and Markets Authority (ESMA) has published its final guidelines on liquidity stress tests of investment funds (AIFs and UCITS), which will become applicable on 30 September 2020.