K. Treppides & Co Limited - ICAS Newsletter - Issue 46

ICAS
December Newsletter - Issue 46/2018

Announcements

EIOPA
Evaluates the European Insurance Intermediaries Markets

13 December 2018

The European Insurance and Occupational Pensions Authority ("EIOPA") published the report on the Evaluation of the Structure of Insurance Intermediaries Markets in Europe in accordance with Article 41(5) of the Insurance Distribution Directive ("IDD"). This report, which is the very first one of regular evaluation reports, provides an overview of the status of the European Intermediaries markets up to 31 December 2017, relating to data for the period from 2013 to 2017. more...

FCA
Proposes changes to facilitate investment in patient capital

12 December 2018

The Financial Conduct Authority ("FCA") has proposed changes to further enable retail investors to invest in patient capital through unit-linked funds. The FCA is also exploring how UK authorised funds can be used to invest in patient capital. more...

Other Alerts

EBA
Consults on guidelines on ICT and security risk management

13 December 2018

The European Banking Authority ("EBA") launched a consultation on its draft Guidelines on information communication technology ("ICT") and security risk management. These Guidelines establish requirements for credit institutions, investment firms and payment service providers ("PSPs") on the mitigation and management of their ICT risks and aim to ensure a consistent and robust approach across the Single market. The consultation runs until 13 March 2019. more...

EBA
Publishes final guidelines on the STS criteria in securitisation

12 December 2018

The EBA published its final Guidelines, which will provide a harmonised interpretation of the criteria for the securitisation to be eligible as simple, transparent and standardised ("STS") on a cross- sectoral basis throughout the Union. These Guidelines will play a crucial role in the new EU securitisation framework that becomes applicable on 1 January 2019, by providing a single point of consistent interpretation of the STS criteria for all entities involved in the STS securitisation including originators, sponsors, investors, competent authorities and third-party STS verifiers. more...

Market News

Financial Times
Wall Street banks turn skittish on leveraged loans

14 December 2018

"Borrowers forced to be more flexible on terms as power shifts to investors." more...

Bloomberg
Bitcoin sinks nearer to $3,000 level as December losses mount

14 December 2018

"Bitcoin headed for another weekly slump, with the largest cryptocurrency heading closer to $3,000 a level unseen since September last year." more...

Bloomberg Professional
What is the Norway model, and can it solve Brexit?

11 December 2018

"With the U.K. Parliament balking at Prime Minister Theresa May's Brexit deal, Norway's arrangement with the European Union is getting another look. It's a model that might just find broader support - at least as a temporary move - until a better answer can be found. Supporters say it's a lifeboat option that honors the result of the 2016 referendum in which Britons voted to exit the bloc, while minimising damage to the U.K. economy by ensuring closer ties than May's plan would. But the route is fraught with obstacles of its own, not least of which is that the EU might not agree." more...

Reuters
Oil prices fall on China economy worries, but output cuts support

14 December 2018

"Oil prices slipped after China reported slower economic growth, pointing to lower fuel demand in the world's biggest oil importer although market sentiment was supported by supply cuts agreed last week by major crude producers." more...

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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P.O.Box 27142

Tel: +357 22 678944
Fax: +357 22 681887
Web: www.treppides.com

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Treppides Advisers Ltd
Office 3.1, Hay Hill,
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London, W1J 8NR
United Kingdom

Tel: +44 20 7569 6756
Fax: +44 20 7569 6757
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Tel: +357 25 822722
Fax: +357 25 822723
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Malta

Finanz Audit Ltd
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Tower Road, Swatar
Birkirkara, BKR 4012
Malta

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