EU Responses
Commission, Quarterly Report on the Euro Area, Volume 9 N°4 (2010)
Commission, An EU Framework for Crisis Management in the Financial Sector, COM (2010) 579 (Oct. 20, 2010)
Commission, Green Paper, Audit Policy: Lessons from the Crisis COM (2010) 561 (Oct. 13, 2010)
Commission Communication, Taxation of the Financial Sector COM (2010) 549/5 (Oct. 2010)
Report on Greek Government Deficit and Debt Statistics COM (2010) 0001 (Jan. 8, 2010)
Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies OJ No L 302/1 (Nov. 17, 2009)
Opinion of the European Economic and Social Committee on ‘The impact of legislative barriers in the Member States on the competitiveness of the EU’ (Exploratory opinion requested by the Czech presidency) OJ No C 277/6 (Nov. 17, 2009)
Opinion of the European Economic and Social Committee on the ‘Credit Rating Agencies’ COM(2008) 704 final – 2008/0217 (COD) OJ No C 277/117 (Nov. 17, 2009)
Commission, Annual Statement on the Euro Area 2009, COM(2009) 527 (Oct. 7, 2009); Commission Staff Working Document on the Annual Statement on the Euro Area 2009, SEC(2009) 1313/2
Opinion of the European Economic and Social Committee on Transatlantic Relations, How to Improve the Participation of Civil Society, OJ No C 228/32 (Sep. 22, 2009)
Communication from the Commission, An EU Framework for Cross-Border Crisis Management in the Banking Sector, COM(2009) 561/4 (Oct. 2009)
Proposal for a Regulation of the European Parliament and of the Council on Community Macro Prudential Oversight of the Financial System and Establishing a European Systemic Risk Board COM (2009) 0499 (Sep. 23, 2009)
Proposal for a Council Decision Entrusting the European Central Bank with Specific Tasks Concerning the Functioning of the European Systemic Risk Board COM (2009) 0500 (Sep. 23, 2009)
Proposal for an “Omnibus” Directive amending various financial services sectoral Directives to specify the scope for exercise of certain of the powers of the European Supervisory Authorities to be created by the legislative proposals of September 2009 COM (2009) 576 (Oct. 26, 2009)
Proposal for a Regulation of the European Parliament and of the Council Establishing a European Banking Authority COM (2009) 0501 (Sep. 23, 2009)
Proposal for a Regulation of the European Parliament and of the Council Establishing a European Insurance and Occupational Pensions Authority COM (2009) 0502 (Sep. 23, 2009)
Proposal for a Regulation of the European Parliament and of the Council Establishing a European Securities and Markets Authority COM (2009) 0503 (Sep. 23, 2009)
CEBS, Passporting Guidelines (Aug. 27, 2009) (Consultation Paper (Feb. 2009))
Interview with David Wright II – Commission’s proposals for recovery, EU Commission Single Market News Issue 54 Summer 2009 (Interview 3; Interview 4)
Brussels European Council June 18/19 2009, Presidency Conclusions
EU Commission Communication, European Financial Supervision, COM (2009) 252 (May 27, 2009)
(Impact Assessment)
Report of the de Larosière Group (Feb. 25, 2009)
EU Commission, Europe’s Financial System: Adapting to Change (Feb. 27, 2008)
Securitization
Opinion of the European Central Bank of 12 November 2009 on a proposal for a Directive of the European Parliament and of the Council amending Directives 2006/48/EC and 2006/49/EC as regards capital requirements for the trading book and for re-securitisations, and the supervisory review of remuneration policies (CON/2009/94) OJ No C 299/1 (Dec. 1, 2009)
CEBS, Call for Technical Advice on the Effectiveness of a Minimum Retention Requirement for Securitisations (Oct. 30, 2009)
Deposit Guarantees
Directive 2009/14/EC of the European Parliament and of the Council of 11 March 2009 amending Directive 94/19/EC on deposit-guarantee schemes as regards the coverage level and the payout delay
EU Commission, Proposal for a Directive of the European Parliament and of the Council amending Directive 94/19/EC on Deposit Guarantee Schemes as regards the coverage level and the payout delay COM (2008) 0661
State Aids
Sector Specific Rules
EU Commission, Report on Competition Policy 2008, COM(2009) 374 (Jul. 23, 2009)
EU Commission, Commission Communication, The return to viability and the assessment of restructuring measures in the financial sector in the current crisis under the State aid rules (Jul. 23, 2009) (OJ. C 195/9, Aug. 19, 2009).
EU Commission, State aid C 14/08 (ex NN 1/08) – Restructuring aid to Northern Rock, Invitation to submit comments pursuant to Article 88(2) of the EC Treaty OJ No. C 149/16 (Jul. 1, 2009)
EU Commission, Communication from the Commission on the Treatment of Impaired Assets in the Community Banking Sector (Feb. 25, 2009)
Communication from the Commission – The recapitalisation of financial institutions in the current financial crisis: limitation of aid to the minimum necessary and safeguards against undue distortions of competition, OJ No. C 10/2 (Jan. 15, 2009)
EU Commission, Communication on the application of State aid rules to measures taken in relation to financial institutions in the context of the current global financial crisis (Oct. 13, 2008)
Financial Institutions, risk, and capital
Capital Requirements Transposition
CEBS, Consultation Paper 30, Disclosure guidelines : Lessons learnt from the financial crisis (Oct. 2009)
Commission Directive amending certain Annexes to Directive 2006/48/EC of the European Parliament and of the Council as regards technical provisions concerning risk management OJ No. L 196/14 (Jul. 28, 2009)
EU Commission, Proposal for a Directive amending Directives 2006/48/EC and 2006/49/EC as regards capital requirements for the trading book and for re-securitisations, and the supervisory review of remuneration policies
Regulation (EC) No 24/2009 of the European Central Bank of 19 December 2008 Concerning Statistics on the Assets and Liabilities of Financial Vehicle Corporations Engaged in Securitisation Transactions OJ No. L 15/1 (Jan. 20, 2009)
Regulation (EC) No 1053/2008 of the European Central Bank of 23 October 2008 on temporary changes to the rules relating to eligibility of collateral (ECB/2008/11) OJ No. L 282/17 (Oct. 25, 2008)
Regulation (EC) No 1052/2008 of the European Central Bank of 22 October 2008 amending Regulation (EC) No 1745/2003 (ECB/2003/9) on the application of minimum reserves (ECB/2008/10) OJ No. L282/14 (Oct. 25, 2008)
EU Commission, Proposal for a Directive of the European Parliament and of the Council amending Directives 2006/48/EC and 2006/49/EC as regards banks affiliated to central institutions, certain own funds items, large exposures, supervisory arrangements, and crisis management, COM (2008) 602/3 (Background material)
EU Commission, Public consultation on possible changes to the Capital Requirements Directive (CRD, consisting of Directives 2006/48/EC and 2006/49/EC) (Commission Working Document) (Apr. 2008)
Proposal for a Regulation on OTC Derivatives, Central Counterparties and Trade Repositaries, COM (2010) 484/5 (Sept. 15, 2010)
Communication from the Commission, Ensuring efficient, safe and sound derivatives markets: Future policy actions COM(2009) 563/4 (Oct. 20, 2009)
Communication from the Commission, Ensuring efficient, safe and sound derivatives markets COM (2009) 332 (Jul. 3, 2009)
Short Selling
Proposal for a Regulation on Short Selling and Certain Aspects of Credit Default Swaps COM (2010) 482 (Sept. 15, 2010)
Investors: Hedge Funds and Private Equity
House of Lords European Union Committee, Directive on Alternative Investment Fund Managers, Vol. I: Report, HL 48-I (Feb. 10, 2010)
European Parliament, Committee on Economic and Monetary Affairs, Report with recommendations to the Commission on Hedge funds and private equity (2007/2238(INI)), Rapporteur: Poul Nyrup Rasmussen, A6-0338/2008 (Sept. 11, 2008)
European Parliament, Committee on Economic and Monetary Affairs, Report with recommendations to the Commission on transparency of institutional investors, Rapporteur: Klaus-Heiner Lehne, A6-0296/2008 (Jul. 9, 2008)
Retail Markets
EU Commission, Consultation on the Report of the Expert Group on Credit Histories (Jun. 15, 2009)
EU Commission, Consultation on Responsible Lending and Borrowing in the EU (Jun. 15, 2009)
Second Meeting of the Expert Group on Financial Education, The Financial Crisis and Financial Education (Apr. 28, 2009)
EU Commission, White Paper on the Integration of EU Mortgage Credit Markets, COM(2007)807 (Dec. 18, 2007) (and background documents)
EU Commission, Communication from the Commission, Financial Education (Dec. 18, 2007) (and background documents)
Conglomerates
EU Commission, Internal Market and Services DG, Consultation Document: Review of Directive 2002/87/EC on the Supplementary Supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate (Nov. 2009)
AIFM
Proposal for a Directive of the European Parliament and of the Council on Alternative Investment Fund Managers and amending Directives 2004/39/EC and 2009/…/EC – Presidency compromise proposal (Nov. 12, 2009)
Proposal for a Directive on Alternative Investment Fund Managers, COM(2009) 207 (Apr. 30, 2009) (Commission Staff Working Document)
Opinion of the European Central Bank of 16 October 2009 on a proposal for a Directive of the European Parliament and of the Council on Alternative Investment Fund Managers, OJ C 272/1 (Nov. 13, 2009)
Charles River Associates, Report for the FSA, Impact of the proposed AIFM Directive across Europe (Oct. 2009)
BBA, AIFM Directive: Custody Issues (Nov. 5, 2009)