Grand Compliance

On November 5, 2024, the Single Resolution Board (#SRB) issued guidance on the Minimum Bail-in Data Template (MBDT). 📊 What’s in the #MBDT? Here’s a snapshot: 🔌 A consistent framework for crucial data collection. 🔋 Strengthened banks' readiness for crisis scenarios with standardized practices. 📢 Emphasis on robust data systems for timely and accurate reporting under pressure. Stay ahead of the curve in regulatory #compliance and financial stability! 🔗 https://lnkd.in/dpNgvt_b

We are almost one week out, come to join us! 🚀

💥 We are delighted to announce that Grand Compliance will be participating at the #FintechDay 2024, held on the 14th of November and organised by SweFinTech. Join us to explore the latest advancements in #financial technology. 🎈 Visit our exhibition booth to discover our innovative solutions and connect with industry leaders at the venue. 🔗 Learn More & Register: https://lnkd.in/dBpghQ2z

🇬🇧 HM Treasury’s 2024 amendments to the Financial Services and Markets Act 2023 introduce Financial Market Infrastructure (#FMI) Sandboxes, advancing the integration of Distributed Ledger Technology (#DLT) and digital assets. Key Highlights: 📌 FMI Sandboxes: Create controlled environments for testing emerging financial technologies. 📌 PISCES Sandbox: Facilitates access to capital markets for private companies through innovative trading models. 📌 Regulatory Flexibility: Allows HM Treasury to adapt regulations dynamically to support ongoing financial innovation. Read more: https://lnkd.in/dPUJgknc

European Commission's latest Delegated Regulation (EU) 2024/2759 introduces substantial updates to the European Long-Term Investment Funds (#ELTIF) framework, broadening its appeal to retail and institutional investors alike. Key enhancements include: ✅ Wider #Investment Flexibility: ELTIFs now have access to an expanded range of eligible assets, including sustainable investments and simplified securitisations, promoting portfolio diversification and aligning with ESG goals. ✅ Refined Liquidity and Redemption #Policies: Managers must now align redemption options with asset lifecycles and apply structured liquidity tools, providing greater stability for long-term investment strategies. ✅ Strict #Derivative Controls: The regulation mandates that derivatives are solely used for risk hedging, ensuring compliance with ELTIF’s long-term investment mandate. 🔗 Explore the full details of this regulatory milestone! https://lnkd.in/dgNRkju9

SFDR October Update: ESG Transparency 🌱 In October 2024, the European Supervisory Authorities (#ESAs) issued an update to the Sustainable Finance Disclosure Regulation (#SFDR), setting new standards for transparency in ESG disclosures. Key changes include: 🔋 Standardized #PAI Reporting: Clearer, more accessible disclosures on Principal Adverse Impacts (PAIs), enabling investors to make well-informed, sustainable choices. 🔋 Mandatory Templates: Uniform templates for key indicators, like greenhouse gas emissions, promote consistency across financial entities. 🔋 Best Practice Guidelines: Practical examples support effective SFDR compliance at both entity and product levels. Get the details: https://lnkd.in/dppkVx2u

☣ Capital Requirements Regulation (#CRR) Update: Enhancing #FXRisk Management in EU Banks The EBA's latest CRR updates introduce defined thresholds and streamlined reporting standards for structural FX positions, strengthening capital stability against currency volatility across EU #banks. Key areas include: 1️⃣ New criteria for FX eligibility and open position limits 2️⃣ Enhanced consistency in reporting for better risk oversight Read the details here: https://lnkd.in/dQQ7kjhq

📢 MiFID II Update: New Payment Models and Compliance Standards The European Securities and Markets Authority (ESMA) has introduced significant amendments to #MiFIDII, enabling joint payment models for research and execution services. This update promotes transparency and strengthens investor protection with: ✅ Flexible Payment Options: Permitting bundled payments for research and execution, regardless of issuer size. ✅ Enhanced Compliance: Strict guidelines ensure fees align with best execution standards, prioritizing client interests. ✅ Quality Assurance: Required annual research quality assessments drive market competition and higher research standards. Read the insights: https://lnkd.in/dFdTjZVA

📢 New AFME (Association for Financial Markets in Europe) Guide: #MiFIR & #MiFIDII Market Reforms in the EU and UK AFME has published a comprehensive guide on MiFIR and MiFID II updates, aimed at aiding #financialinstitutions in navigating regulatory changes impacting EU and UK secondary markets. Key insights include: ↘ Market Structure: New SI roles and obligations ↘ Transparency: Enhanced pre- and post-trade requirements ↘ Market Data: Cost regulation & Consolidated Tape Providers ↘ Investment Research: Flexible payment models ↘ Order Execution: Improved standards 📚 Read the insights here: https://lnkd.in/d8pEqPit

✅ EBA Reporting Framework 4.0: Unveiling DPM 2.0 🏢 On October 23, 2024, the European Banking Authority (EBA) released the first draft of its #ReportingFramework 4.0, introducing the upgraded #DataPoint Model (DPM) 2.0. 🇪🇺 This update brings enhanced automation, precision, and compliance capabilities aligned with #CRR3, #CRDVI, and #DORA. 🗓 With required compliance from early 2025, DPM 2.0 aims to streamline financial reporting through improved validation tools, dynamic glossaries, and versioned templates. See the full article: https://lnkd.in/dvWYvmp7