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Proposals to Reform the FRC: A Joint Government and FRC Response
The Government and Financial Reporting Council (“FRC”) identified a number of constraints on its effectiveness. To address these constraints, the Government and FRC published for consultation in October 2011 a set of proposals.
Originally Published:
Tuesday, March 27, 2012
OECD States That A Bigger Euro Bailout Fund Is Needed to Create Space To Boost Growth
OECD Secretary-General Angel Gurría has stated that the current level of commitment to the rescue funds in the EU is not enough to restore market confidence and that a credible financial firewall is needed.
Originally Published:
Tuesday, March 27, 2012
Regulation on Short Selling and Certain Aspects of Credit Default Swaps
The Regulation on short selling and certain aspects of credit default swaps has been published in the Official Journal of the European Union. The Regulation comes into effect on 1 November 2012.
Originally Published:
Saturday, March 24, 2012
Central Bank of Ireland Publishes Review of the Regulatory Regime For the Safeguarding of Client Assets
The Central Bank of Ireland has outlined its plan to strengthen the protection of client assets and published the “Review of the Regulatory Regime for the Safeguarding of Client Assets” which contains wide-ranging recommendations, covering internal operational and structural issues for firms, revisi
Originally Published:
Friday, March 23, 2012
Central Bank of Ireland Publishes Macro-Financial Review
In a new report, the Central Bank of Ireland (“Bank”) identified risks around continued economic weakness, over-indebted private and public sectors and warned that mortgage stress, poor profit outlooks and funding pressures could see the fresh capital put into the country's banks erode quicker
Originally Published:
Friday, March 23, 2012
ESMA's Report on the Supervision of Credit Rating Agencies
The European Securities and Markets Authority (ESMA) has published a report which provides an overview of its supervisory activity on credit rating agencies (CRAs) registered in the European Union.
Originally Published:
Thursday, March 22, 2012