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ICAS
June Newsletter - Issue 74/2020
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CySEC
EBA's call for input on 'de-risking' and its impact on access to financial services
18 June 2020
The Cyprus Securities and Exchange Commission ("CySEC") wishes, with this Circular, to inform the Regulated Entities regarding EBA's Call for input on 'de-risking' and its impact on access to financial services.
Circular: C391
CySEC
Risk Based Supervision Framework ("RBS-F") - Electronic submission of information for the year 2019
17 June 2020
The present Circular is issued pursuant to section 25(1)(c)(ii) &(iii) of the Cyprus and Exchange Commission Law ("the CySEC Law") in order to provide to the listed companies guidance regarding the information requested by CySEC,  the method of creating, signing and submitting the forms to CySEC and support regarding any queries. Additionally, with the present Circular CySEC wishes to provide to the listed companies general comments for Form RBSF-LLC and RBSF-ILC, information regarding successful submission and inform them regarding important dates.
Circular: C390
CySEC
The European Banking Authority launches consultation papers, a public hearing and a data collection exercise in regards to the new prudential framework for Investment Firms
16 June 2020
The CySEC wishes with this Circular to inform the Cyprus Investment Firms ("CIFs") regarding the launch of Consultation papers by the European Banking Authority ("EBA"), public hearing by EBA and EBA's data collection exercise.
Circular: C389
Announcements
ESMA
Integrates the 2020 IFRS Taxonomy into ESEF RTS
18 June 2020
The European Securities and Markets Authority ("ESMA"), the EU securities markets regulator, publishes a draft amendment to the Regulatory Technical Standards ("RTS") on the European Single Electronic Format ("ESEF"). For more information please press 
here.
EBA
Publishes its first peer review of the stress tests and the resilience of deposit guarantee schemes ("DGSs")
17 June 2020
The EBA published its first peer review of stress tests and the resilience of DGSs. The purpose of the peer review was to assess the resilience of DGSs based on the results of the DGS stress tests, and to identify good practices and areas for improvement. For more information please press 
here.
Other Alerts
EIOPA
Findings of the Regular Supervisory Report ("RSR") Peer Review Published
18 June 2020
The European Insurance and Occupational Pensions Authority ("EIOPA") published the findings of its peer review of the Regular Supervisory Report ("RSR"). The peer review examined how and to what extent the proportionate approach set out under the Delegated Regulation has been implemented among national competent authorities ("NCAs"). It also aims to determine if further convergence is needed on the frequency of submission of RSRs. For more information please press 
here.
Market News
Bloomberg
Futures rise with stocks on trade, stimulus hopes: Markets wrap
19 June 2020
"U.S. equity futures rose alongside global stocks on Friday as investors cheered the latest breakthrough in trade negotiations between America and China and the start of stimulus talks in Europe. Treasuries held recent gains." For more information please press 
here.
Reuters
European shares rise ahead of EU leaders' meeting
19 June 2020
"The dollar recovered overnight losses and European stocks rose on Friday, even as coronavirus cases increased in some countries, as markets reassessed expectations for an economic recovery before a key European Union meeting." For more information please press 
here.
Financial Times
Global stocks slip on rising coronavirus cases
19 June 2020
"Increase in US and China infections outweighs hopes of pause in geopolitical tensions." For more information please press 
here.
Bloomberg Professional
China's bond-curve flattening may slow amid neutral positioning
17 June 2020
"China’s treasury-bond curve may struggle to bear flatten any further, judging from our positioning analysis. Meanwhile, the positioning of the real-yield curve and the relative spreads of the treasury yields to the policy-bank bond yields have also turned more neutral over the last month." For more information please press 
here.
Cryptocurrencies
Bloomberg
Bitcoin extends selloff to $9,000 amid wider Risk-Asset aversion
15 June 2020
"Bitcoin bounced off the lows of the day after sliding below $9,000 for the first time since May amid a renewal in global risk aversion.The largest cryptocurrency tumbled as much as 5.1% Monday and recovered to about $9,270 as of 11:30 a.m. in New York, according to consolidated pricing data from Bloomberg. For the first time since the end of April, the token dipped below its 50-day moving average, a level that’s considered a point of resistance for some traders." For more information please press 
here.
Regulatory Reporting Solutions
Treppides Regulatory Reporting offers extensive reporting solutions under EMIR, MIFID, CRD IV, FATCA, CRS, REMIT towards MiFID II / MiFIR and CRS in all EU/ESMA jurisdictions like Cyprus (CySEC) and UK (FCA) and soon will also comply with foreign jurisdictions such as ASIC DTR. 

Contact us directly at info@treppidesrr.com to discuss your tailor made solution.

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United Kingdom


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Malta


Tel: +356 2010 8080
Fax: +356 2546 6103
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