Being better informed
2013 will be a year of change, globally as well as in the Netherlands with most changes taking place on a global or European level having direct influence on us in the Netherlands. In December regulators moved closer to implementing several key supervisory, asset management, OTC derivatives and other post-crisis reforms. Top stories for this 1st edition of 2013 include:
- Stay on top of what’s coming this year by reading our Feature article which previews the regulatory reforms that will shape 2013.
- EU single supervisory mechanism (SSM) approved. EU legislators agreed foundation SSM terms, under which the supervision of Eurozone banks will transfer from national supervisors to the European Central Bank in 2014.
- EU legislators moved forward (some) 2013 implementation work. Rule makers tied up loose ends to bring new asset management and derivatives trading rules into force in 2013. However, they failed to reach agreement on terms for the Capital Requirements Directive IV and did not address expected delays to Solvency II.