European Systemic Risk Board meaning

In this issue: Equity capital markets Corporate governance Public company takeovers (Offers) Daily and weekly news alerts New and updated content Dates for your diary Trackers New Q&As Useful information Equity capital markets FCA publishes consultations and policy statement aimed at capital markets reform The Financial Conduct Authority (FCA) has unveiled a suite of measures intended to reinforce the UK’s capital markets. These include: a consultation on proposed rules to create the new Public Offers and Admissions to Trading Regime (POATRs), which will replace the current UK Prospectus Regulation; a consultation setting out proposals for a new activity of operating a public offer platform; and a consultation on derivatives trading obligations designed to improve secondary market regulation, cut systemic risk and minimise disruption for firms. The package also contains policy statement PS24/9, Payment Optionality for Investment Research. See: LNB News 26/07/2024 25. FCA publishes updated checklists and forms following implementation of UK...

In this issue: UK, EU and international regulators and bodies Authorisation, approval and supervision Prudential requirements Financial crime and sanctions Consumer protection Complaints, compensation and claims management Investigations, enforcement and discipline Regulation of capital markets Dispute resolution for financial services lawyers Regulation of derivatives Sustainable finance and ESG Banks and mutuals UK MiFID II EU MiFID II Consumer credit Regulation of insurance Payment services and systems Fintech and cryptoassets LexTalk®Financial Services: a Lexis®Nexis community Daily and weekly news alerts New and updated content Dates for your diary UK, EU and international regulators and bodies FCA publishes Handbook Notice No 135 The Financial Conduct Authority (FCA) has issued Handbook Notice No 134, outlining amendments to the FCA Handbook and related materials approved by the FCA board on 27 November 2025. See: LNB News 28/11/2025 48. ESMA sets out planned consultations for...

In this issue: Financial services IP TMT International trade Daily and weekly news alerts New and updated content Trackers Financial services The European Systemic Risk Board (ESRB) has contacted the European Parliament, the European Commission and the Council of the EU in the context of the current law-making on selected reporting duties in financial services and investment support, and following the first readings of the proposal by Parliament and Council. The ESRB argues it should receive ex ante access to granular datasets gathered by the three European Supervisory Authorities—the European Banking Authority, the European Insurance and Occupational Pensions Authority, and the European Securities and Markets Authority—through structured, routine supervisory reporting. See: LNB News 20/08/2024 11. The European Securities and Markets Authority (ESMA) has released translations, covering all official EU languages, of its guidelines on fund names that use environmental, social and governance or wider sustainability terms. The objective is to protect investors from unfounded or overstated...

Scope of this Practice Note This Practice Note offers guidance on the European Supervisory Authorities (ESAs): European Securities and Markets Authority (ESMA) European Banking Authority (EBA) European Insurance and Occupational Pensions Authority (EIOPA) Among other matters, it explains their roles and general powers to prepare draft technical standards, and to issue opinions, guidance and recommendations to national supervisors within the EU. Together with the European Systemic Risk Board (ESRB) and the national competent authorities (NCAs) of EU Member States, the ESAs form the European System of Financial Supervision (ESFS). The ESAs collaborate with the ESRB to safeguard financial stability and to strengthen and enhance the EU supervisory framework, aiming to improve co-ordination among national supervisory bodies and to raise the quality of national supervision across the EU. The ESAs also issue guidance and recommendations which national supervisors and firms must make every effort to follow. Where the ESAs consider that a national competent authority (NCA) is failing...

BREXIT At 11pm GMT on 31 December 2020—the ‘IP completion day’—the transition/implementation phase that followed the UK’s exit from the EU, and which had been entered into after the UK’s withdrawal, came to a close. From that moment, key transitional measures ended, and significant changes started to operate across the UK’s legal regime. This note provides guidance on topics affected by these shifts. Before proceeding with your research, please refer to: Brexit and financial services: materials on the post‑Brexit UK/EU regulatory regime (Archived). ESRB Background The European Systemic Risk Board (ESRB) was established in line with recommendations that arose during the early stages of the 2007–08 financial crisis. The European Commission aimed to strengthen European Union‑level supervisory arrangements for the financial system to bolster consumer protection and rebuild trust in finance. It was considered that oversight should emphasise the resilience of the financial system as a whole, rather than concentrating only on individual firms or component parts...

As a result of coronavirus (COVID-19) pandemic Investment funds have grappled with both operational pressures and the fallout from sharp swings in international markets. The pandemic, together with pronounced volatility and the valuation challenges it sparked, has driven substantial market corrections and heightened liquidity risks, causing strain across various parts of the financial system, including certain areas of the investment fund industry. These developments are outlined in a joint committee report on risks and vulnerabilities in the EU financial system, released by the European Securities and Markets Authority (ESMA) and the other European Supervisory Authorities (ESAs) in September 2020. The Financial Conduct Authority (FCA) has issued guidance setting out its expectations for funds in the context of coronavirus. It recognises the considerable difficulties firms face, yet still expects them to act in the best interest of their investors at all times. ESMA and the Investment Association (IA) have also provided guidance. The European Systemic Risk Board (ESRB) has adopted a recommendation on liquidity management....