Category: Regulations & Legal
Complaint alleges CS ‘reckless disregard’ in leveraged ETN delisting
North America | Regulations & Legal
20h by Lavanya Nair
The Swiss bank has been served with a proposed class action suit over claims that it caused retail investors significant losses when it chose to de-list its exchange-traded note (ETN) DGAZ in June 2020.
Libor: regulators putting pressure on banks to transition ‘immediately’
North America | Regulations & Legal
11 Jan 2022 by Lavanya Nair
As the London Interbank Offered Rate (Libor) ceased to be available as an interest rate index after 31 December 2021, SRP caught up with Chris Schell (pictured), partner at law firm Davis Polk and Wardwell to discuss the ongoing transition within the structured products industry.
Mifid 2: Esma sets out appropriateness, execution-only requirements for investor protection
Europe | Regulations & Legal
11 Jan 2022 by SRP News
The European Securities and Markets Authority (Esma) has published its final guidelines on certain aspects of the Mifid 2 appropriateness and execution-only requirements in relation to investment products and investment services that go beyond investment advice, portfolio management and the sale of structured deposits.
‘Quick fixes’ for Priips and Ucits get green light
Europe | Regulations & Legal
25 Nov 2021 by SRP News
The European Parliament has adopted formally the European Commission's proposed ‘quick fixes’ to amend both the Ucits directive and Priips regulation.
Fiduciary standards for indexed annuity sales raise concerns
North America | Regulations & Legal
16 Nov 2021 by Lavanya Nair
The rising demand for retirement products including fixed indexed annuities (FIAs) and Registered Index-Linked Annuities (Rilas) is raising concerns among market players who fear heightened regulatory intervention from lawmakers.
SEC slaps enforcement action on oil ETP for negligence, no investor loss
North America | Regulations & Legal
12 Nov 2021 by Lavanya Nair
The regulator has fined two ETP providers despite no allegations of damage or investor harm.
EBA sets out alternative standardised approach for market, counterparty risk
Europe | Regulations & Legal
27 Oct 2021 by Pablo Conde
The European banking regulator envisages implementing its market risk and counterparty credit risk deliverables in four phases.
European regulators propose new rules for taxonomy-related product disclosures
Europe | Regulations & Legal
26 Oct 2021 by Pablo Conde
The three European Supervisory Authorities (EBA, EIOPA and Esma – ESAs) have delivered to the European Commission (EC) their final report with draft Regulatory Technical Standards (RTS) regarding disclosures under the Sustainable Finance Disclosure Regulation (SFDR).
ESAs asks for ‘experiences,’ further Priips changes needed
Europe | Regulations & Legal
25 Oct 2021 by Pablo Conde
The European Supervisory Authorities (ESAs) have opened a call for evidence regarding the Priips Regulation.
