Tag: ESAs

bitcoin
February 12, 2018 BY Valentina Kirilova

ESMA warns on cryptocurrencies - volatility, transparency, exit options, disruptions...

The European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) (hereafter referred to as ‘the three ESAs’) are warning consumers on the high risks of buying and/or holding so-called Virtual Currencies (VCs). The VCs currently available are a digital representation of value that is…

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July 05, 2017 BY Valentina Kirilova

European Supervisory Authorities publish Q&A on the key information document (KID)

The European Supervisory Authorities (ESAs) has just published the first set of Questions and Answers (Q&A) related to the Key Information Document (KID) requirements for Packaged Retail and Insurance-based Investment Products (PRIIPs) laid down in the European Commission Delegated Regulation (EU) 2017/653. This Q&A document aims at promoting common supervisory approaches and practices in the…

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Regulation
June 27, 2017 BY Valentina Kirilova

ESAs publish AML/CFT guidelines

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) announced that has published today its final Guidelines on anti-money laundering and countering the financing of terrorism (AML/CFT). The Guidelines promote a common understanding of the risk-based approach to AML/CFT and set out how it should be applied. These Guidelines…

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February 21, 2017 BY Valentina Kirilova

ESAs warn on money laundering and terrorist financing risks affecting the EU financial sector

The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published a Joint Opinion addressed to the European Commission on the risks of money laundering (ML) and terrorist financing (TF) affecting the European Union's financial sector. This Opinion will contribute to the European Commission's risk assessment work as well as that of the ESAs…

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