EBA consults on exposures to shadow banking

26 March 2015

The EBA launched a public consultation on its guidelines proposing criteria to set limits on EU institutions’ exposures to shadow banking entities. The document lays out a qualitative approach for institutions to develop their internal policies for monitoring and setting appropriate limits, both at individual and aggregate levels. These guidelines will also help inform the Commission’s work in relation to its report on the appropriateness and impact of imposing limits on exposures to shadow banking entities under Article 395(2) of the Capital Requirements Regulation (CRR). The consultation runs until 19 June 2015. Continue reading…


Marta Andreeva

Global Compliance Program Specialist at Crypto.com since July 2020
Marta is passionate about developing a culture of compliance, increasing awareness and coaching and mentoring others.

Ken van Ierlant

Digital Thought Leader
Member of the Board of Directors of UpGen. Experienced CEO / CDO / CIO in the field of transformation processes within internationally oriented companies.

Theodoros Kringou

Founder and Managing Director, Infocredit Group Ltd and ICG Middle East Commercial Services DMCC (Dubai, U.A.E.)
Theodoros Kringou, a self-made entrepreneur is the Founder and Managing Director of Infocredit Group Ltd and ICG Middle East Commercial Services DMCC (Dubai, U.A.E.).

ESMA Consultation Paper about MiFID

25 March 2015
Knowledge Base

The European Securities and Markets Authority (ESMA) launched yesterday a consultation on draft guidelines on complex debt instruments and structured deposits. These guidelines are intended to enhance investor protection by offering further clarification on which types of financial instruments and structured deposits can be provided, that all the relevant legal conditions are fulfilled, without the firm assessing a client’s knowledge and experience (i.e. to carry out an appropriateness test).

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Mario Draghi at the European Parliament

24 March 2015

A lot happened when Dragi spoke to the European Parliament in November last year. With Lithuania, the euro welcomed its 19th member.  The ECB started the asset purchase programme on March 9. The ECB also moved to a new building which has been officially inaugurated last week. The ECB unveiled a new 20 euro banknote; and in a milestone towards even greater transparency of  decision-making procedures, the ECB published on 19 February for the first time the accounts of a monetary policy meeting of the Governing Council of the ECB. The following speech of Mr. Draghi was held on March 23 in Brussels. Continue reading…

Opening ECB impressive new home…

19 March 2015

The European Central Bank (ECB) yesterday inaugurated its new premises on the site of the Grossmarkthalle – Frankfurt’s former wholesale market hall – alongside regular meetings of the Governing Council and General Council. “This building is a symbol of the best of what Europe can achieve together,” said ECB President Mario Draghi.  Some activists in the streets of Frankfurt clearly did not agree with Draghi. Continue reading…

The Number of Financial Attacks Against Android Users Tripled in 2014

10 March 2015

The Kaspersky Lab study ‘Financial Cyberthreats in 2014’ reports that the number of financial malware attacks against Android users grew by 3.25 times in 2014. Following an initial decrease in March 2014, Kaspersky Lab researchers registered a significant increase in the number of attacks by Trojan-SMS malware during the second half of the year. Continue reading…

The fourth European anti-money laundering directive, “AMLD4”:

10 March 2015

The Council of the European Union approved an agreement with the European Parliament on strengthened rules to prevent money laundering and terrorist financing.The directive and regulation will strengthen EU rules against money laundering and ensure consistency with the approach followed at international level. The draft regulation deals more specifically with information accompanying transfers of funds.


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Paul Westcott

Paul Westcott

Senior Product Manager Compliance at Dun & Bradstreet Ltd.

AML in Perspective: Money Laundering Outside the Financial Sector

05 March 2015

Trawling through the various articles that focus on non-financial businesses and compliance I felt these comments by Sergio Ferragut was very interesting. Sergio Ferragut is a senior consultant on public policy and business transformation and lectures on drug policy, money laundering and business transformation. He was in charge of key projects on transformation and anti-money laundering at the Mexican Attorney General Office (PGR) and the Mexican Treasury Department (SHCP) after a long career in senior management positions within the private sector in retailing, information technology and banking. Continue reading…

The Insurance Act 2015: do your policies comply?

04 March 2015

Airmic has issued guidance for members on preparing for the 2015 Insurance Act, which became law last month and will fundamentally change the rules governing commercial insurance when it comes into force next year. The document includes key next steps and urges members to start preparations immediately. Meanwhile, Airmic members have reported a mixed response from the insurance market to the reforms, with some risk managers expressing frustration at the speed of implementation.


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Did recent Cocos issuances really reduce markets’ perception of financial institutions’ risk?

18 February 2015

Mathilde Fox & Stephan Van Lerberghe

While the Basel 2 agreements envisaged a more risk sensitive approach to define capital requirements, the recent financial crises highlighted the need for more capital of better quality. Indeed, financial regulators are now focusing on the capacity of equity and other subordinated liabilities to bear losses in case of bank failures. From this environment emerged an exotic named bond: the so-called “CoCo” bond. Although it sounds tropical, the first one was issued in Europe by Lloyds in 2009. Since then several banks have been joining the CoCos’ issuers rank. In Belgium, KBC was the pioneer by issuing a 1Bn USD CoCo in January 2013. Continue reading…