NBK

In order to facilitate the standard Minimum capital requirements for market risk - which was published by the Basel Committee on Banking Supervision In January 2016 – a consultation sets out the Committee's proposal for a simplified alternative to the market risk standardised approach.

Final Joint Guidelines has published on the characteristics of a risk‐based approach to anti‐money laundering and terrorists financing supervision (AML/CFT), and the steps to be taken when conducting supervision on a risk-sensitive basis. Regard to the content of the Joint Guidelines, the European Supervisory Authority (ESA) had conducted consultation since 2015.

This Risk Assessment Work Programme provides an overview of the analytical, research, data and statistical activities by ESMA scheduled to be undertaken in 2017. ESMA’s 2017 risk assessment agenda is focused on further developing ESMA’s proprietary data sources and their analytical exploitation.

The Council adopted a regulation postponing the application date of rules on packaged retail and insurance-based investment products (PRIIPs) by 12 months.

The European Commission has taken important steps today to strengthen the regulation of commodities markets and curb price speculation. It also ensures that firms active on these markets are regulated appropriately.

The European Banking Authority (EBA) published today a Report of its first impact assessment of IFRS 9. This exercise, which helped the EBA understand the way in which institutions are preparing for the application of IFRS 9, also contains some recommendations relevant to the observations as well as some future actions.

The European Banking Authority (EBA) published today a Report in response to two calls for advice to assist the European Commission in the adoption into European legislation of two new international frameworks proposed by the Basel Committee on Banking Supervision (BCBS) a new standardised framework for counterparty risk (CCR), and (ii) a new market risk (MKR) framework.

The European Securities and Markets Authority (ESMA) has published a discussion paper regarding the trading obligation under the Markets in Financial Instruments Regulation (MiFIR).

Christine Lagarde, Managing Director of the IMF, highlights the importance of gender-balance. As a good practice she mentioned the Canadian cabinet, who demonstrated the government’s clear commitment to gender equality in 2015. But there is another important reason for promoting greater female participation in the workforce: women in jobs are good for growth

The Joint Committee of the European Supervisory Authorities (ESAs) published today its September 2016 Report on Risks and Vulnerabilities in the EU Financial System:

The childlike humanoid billed as the world’s first robot that can read people’s emotions may be about to come of age.

To promote consistent implementation of the Basel III countercyclical capital buffer, the Basel Committee has issued supporting information.

Former Fed Chairman Ben Bernanke told CNBC on Monday that slow productivity growth is weighing on the economy. He also said there's been too much reliance on the central bank to support the economy, and other policymakers in the government need to step up.

Current market perceptions of China are "thoroughly divorced" from the reality on the ground, according to the latest China Beige Book (CCB) survey, which has found that while the economy slowed in the third quarter, there are no signs of an impending growth collapse.

In a Panel remark at the Jackson Hole Economic Policy Symposium, Vítor Constâncio, Vice-President of the ECB said that establishing whether the Phillips Curve (the historical inverse relationship between inflation and unemployment)  was indeed flattening is crucial to understand the missing disinflation in the wake of the Great Recession and the excessive disinflation after 2012 in the euro area.

Speech by Peter Praet, Member of the Executive Board of the ECB,
at the Eurofi conference in Luxembourg.

In an inaugural address delivered today for the Future of Asian Finance conference today in Jakarta, IMF’s Managing Director Christine Lagarde emphasised financial innovation, integration, infrastructure and inclusion as key komponents of the continent’s future growth.

Greece and its international lenders were locked in marathon talks overnight to seal a multi billion-euro bailout deal on Tuesday.

The Joint Committee of the European Supervisory Authorities (EBA, EIOPA, ESMA - ESAs) is pleased to announce the launch of its dedicated website. The new website presents information and news about the cross-sectoral work of the three ESAs. Click here to consult the new Joint Committee website. https://esas-joint-committee.europa.eu/

Difficulties in Greece and recent market volatility did little to hinder economic volatility, leading to the unanimous decision.

Confidence among major Japanese manufacturers increased in the three months to June, beating expectations to rise to its highest level in more than a year, a Bank of Japan survey showed Wednesday.

  The markets are waiting for hints as the Bank of England prepares to release a deluge of information.

In spite of a series of difficulties regarding the future of the Eurozone with troubles in Greece and other non-core member countries, the European Commission remains optimistic about the possibility of creating a deeper and fairer economic and monetary union.