On the domestic front, the CBI introduced a new RIAIF application process for the submission for Risk Management Process documents. European developments included the EC's adoption of a Delegated Regulation on STS securitisations and asset backed commercial papers, requirements for assets received as part of reverse repurchase agreements and credit quality assessment methodologies under....
Financial RegulationIt was a relatively busy month for cross sectoral issues. In particular, the Financial Services Ombudsman (FSO) has extended the time period for bringing complaints. The government also released a draft of the 2018 Money Laundering Bill. Meanwhile, the European Parliament adopted the Fifth Money Laundering Directive. Institutions published guidance on Accepted Market Practice & consent...
Financial RegulationIt was a quiet month on the domestic front. Key CBI personnel put culture squarely on the enforcement agenda. European developments included the ESMA proposing a simplified prospectus and a European Parliament report calling for international agreements to govern the EU's regulatory equivalence regime.
Financial RegulationIrish developments this month focused on the Solvency II Directive, with the CBI issuing guidance on Special Purpose Vehicles (SPVs) and publishing its findings on regulatory reporting under the Directive. On the European front, the European Commission published a draft delegated regulation amending securitisation calculations, while the European Insurance and Occupational Pensions...
Financial RegulationThings have been relatively quiet on the domestic front. The CBI Deputy Governor addressed the Bank's strategy for resolving non-performing loans (NPLs) & Government policy on banking remuneration was discussed. Meanwhile, EU institutions released economic updates and regulatory agendas. The European Banking Authority (EBA) proposed amendments to rules for supervisory reporting and the European...
Financial RegulationMatthew Cole and Sheena Doggett (Corporate and M&A Partners at A&L Goodbody) provide insights into the legal and procedural IPO landscape in Ireland. First published in the 'The Initial Public Offerings Law Review' (Second Edition) by Law Business Research.
Capital Markets - EquityBusiness fined €124.5m by the European Commission for implementing a deal before getting approval
EU, Competition & ProcurementA detailed article on the challenges involved in representing businesses and trade associations in competition law cases
EU, Competition & ProcurementThe Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2018 (the Bill) has now been published.
Asset Management & Investment FundsThe High Court judgment in Friends of the Irish Environment v. An Bord Pleanála (delivered on 9 March 2018 by Meenan J) decided that if a section 5 referral is made by a third party, then the owners and occupiers of the lands must be identified and served with notice of the referral, and given an opportunity to make submissions in accordance with basic fair procedures.
Environmental & PlanningWhat changes have been agreed by the EU Parliament in relation to beneficial ownership rules for Irish companies?
Asset Management & Investment FundsMMFR, GDPR, ESAs report on risks and vulnerabilities, a proposed directive to protect EU whistleblowers and AML/CTF.
Asset Management & Investment Funds
