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EBA Calls On National Authorities To Take Supervisory Actions For The Removal Of Obstacles To Account Access Under The Payment Services Directive

<p><span>The European Banking Authority (EBA) published today an Opinion on supervisory actions national competent authorities (NCAs) should take to ensure banks remove any remaining obstacles that prevent third party providers from accessing payment accounts, which restrict EU consumers&rsquo; choice of payment services. &nbsp;The Opinion will contribute to a level playing field across the EU and to a consistent application and supervision of relevant requirements under the Payment Services Directive (PSD2) and the EBA&nbsp;<a href="https://www.eba.europa.eu/regulation-and-policy/payment-services-and-electronic-money/regulatory-technical-standards-on-strong-customer-authentication-and-secure-communication-under-psd2">Regulatory Technical Standards on strong customer authentication and common and secure communication</a>&nbsp;(RTS on SCA&amp;CSC).</span></p>

SFDR – Revised Secondary ESG Disclosure Measures | Akin Gump Strauss Hauer & Feld LLP

1. Introduction 1 (RTS) under the EU Sustainable Finance Disclosure Regulation 2 (SFDR), which set out the detailed disclosure requirements for the principal adverse impacts sustainability statements 3 and the disclosure requirements for Article 8 4 and Article 9 5 funds or portfolios, together with the related mandatory disclosure templates. The revised RTS take account of the feedback received to the ESAs’ Consultation Paper of 23 April 2020 6 on the first draft of the RTS and also incorporate the mandatory disclosure templates following the feedback received by the ESAs to their online survey and consumer testing exercise. In this alert, we cover the key changes in the revised RTS and the use of the mandatory disclosure templates as they relate to alternative investment managers and their funds or portfolios. The format of the principal adverse impacts sustainability statements and the four mandatory disclosure templates are annexed to this client alert for easier ref

The three European Supervisory Authorities publish Final Report and draft RTS on disclosures under SFDR

Remuneration Code changes now in force - What do you need to know? | Bryan Cave Leighton Paisner

Summary Amendments have been made to the FCA’s Dual-Regulated firms Remuneration Code under SYSC 19D and the Remuneration Part of the PRA Rulebook (together the “Remuneration Codes”) to implement the remuneration aspects of the EU Capital Requirements Directive V (“CRD V”).  CRD V builds on CRD IV and introduces additional measures to reduce risks in the banking sector, including amending the requirements which apply to remuneration policies.  For those firms already subject to the Remuneration Codes – namely banks, building societies and PRA-designated investment firms – the changes came into force on 29 December 2020, just before the end of the Brexit transition period, and apply in respect of performance years beginning on or after 29 December 2020. So for firms with calendar performance years, the changes kicked in on 1 January 2021 and will impact bonus payments in Q1 2022.  So what do firms subject to the Remuneration Codes need to know now?

MIL-OSI Europe: EBA publishes final technical standards on estimation of Pillar 2 and combined buffer requirements for setting MREL

MIL-OSI Europe: EBA publishes final technical standards on estimation of Pillar 2 and combined buffer requirements for setting MREL
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