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.
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.
The Danish firm has hidden the risk of negative returns to the clients of one of its investment products.
According to ESMA’s estimates of UCITS and AIF exposures, only a few funds with daily liquidity pose a greater risk.
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.
Asset managers sulk last May's reform of local long-term individuals savings plans.
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.
Spanish socialist party PSOE seeks support from the radical left-wing party for the investiture of Pedro Sánchez as Spanish government president.
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.