IEU EURO Telegram 7 June 2016

# EMU

  • EU Commission releases 2016 Convergence Report
  • EU Commission Memo: The 2016 Convergence Report--Assessment of Member States regarding the conditions for euro adoption
  • ECB publishes its Convergence Report 2016
  • OECD Economic Survey of the European Union and Economic Survey of the Euro Area

# BANKS

  • Promotional Banks and management of SME financial instruments
  • EP Draft report - Prudential requirements for credit institutions and investment firms - PE 583.904v01-00 - Committee on Economic and Monetary Affairs
  • Moody's: Capital requirements for large Swedish banks to increase in coming quarters; a credit positive
  • Corporate Europe Observatory: UK bankers spend over €34 million a year to influence EU

# CAPITAL MARKETS

  • Parliament gives firms a further year to implement financial legislation
  • EP Text adopted - Markets in financial instruments ***I - P8_TA-PROV(2016)0243 - Tuesday, 7 June 2016 - Strasbourg - Provisional edition
  • EP Text adopted - Markets in financial instruments, market abuse and securities settlement ***I - P8_TA-PROV(2016)0244 - Tuesday, 7 June 2016 - Strasbourg - Provisional edition
  • EPP: Financial Markets: more transparency and less speculation
  • EP Draft report - Common rules on securitisation and creating a European framework for simple, transparent and standardised securitisation - PE 583.961v01-00 - Committee on Economic and Monetary Affairs  
  • Transatlantic Financial Regulatory Coherence (TFRC) Coalition Formed

# IOSCO

  • IOSCO issues Statement on Non-GAAP Financial Measures to assist issuers in providing clear disclosure for investors

# FISCAL UNION

  • Deutsche Bank Research: Better budgeting in Europe--What can Fiscal Councils contribute?

# ECB

  • ECB Speech  Yves Mersch: Making Europe’s financial market infrastructure a bulwark of financial stability (speaking points)
  • ECB Working paper no. 1916: Bank capital structure and the credit channel of central bank asset purchases
  • ECB Working paper no. 1915: Business, housing and credit cycles
  • Association of German Banks: ECB corporate bond buying programme won’t have any positive impact

# EIOPA

  • EIOPA: Monthly update of the symmetric adjustment of the equity capital charge for Solvency II - May 2016

# IAS

  • EP Text adopted - International Accounting Standards (IAS) evaluation - P8_TA-PROV(2016)0248 - Tuesday, 7 June 2016 - Strasbourg - Provisional edition

# BIS

  • Latest publications by the BIS

# EU REGISTERS

# EU COMMISSION

  • COMMISSION STAFF WORKING DOCUMENT Convergence Report 2016
  • REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL CONVERGENCE REPORT 2016 (prepared in accordance with Article 140(1) of the Treaty on the Functioning of the European Union)
  • COMMISSION DELEGATED REGULATION (EU) No …/.. supplementing Directive 2014/59/EU of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms with regard to regulatory technical standards specifying a minimum set of the information on financial contracts that should be contained in the detailed records and the circumstances in which the requirement should be imposed
  • COMMISSION DELEGATED REGULATION (EU) …/... supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards for the level of accuracy of business clocks

# EU PARLIAMENT

  • Draft report - Prudential requirements for credit institutions and investment firms - PE 583.904v01-00 - Committee on Economic and Monetary Affairs 
  • Answer - No opinion by the Novo Banco Workers' Committee on the 'restructuring plan' submitted to the Commission - E-002775/2016 
  • Answer - Role of Deutsche Bank in the international tax evasion system called 'Panama papers' - E-002808/2016 
  • Answer - Transparency over Decision AT/39914 regarding the manipulation of the Euribor interest rate - E-001917/2016 

# EU COUNCIL

  • Cm 2978 2016 Init Working Party on Financial Services (IORP - attachés)
  • Cm 3022 2016 Init Working Party on Financial Services (MMF - Attachés only)
  • St 9933 2016 Init COMMISSION DELEGATED REGULATION (EU) …/... of 6.6.2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards on requirements to ensure fair and non-discriminatory co-location services and fee structures
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