Market News

We recently published our regulatory roadmap for insurance and pensions, where amongst other regulations, we addressed the Wet toekomst pensioenen (Wtp). Yesterday, the news has come out that pension providers are granted additional time to transition to the new pension system.  Due to growing concerns among both pension funds and parties in the Senate, the new transition deadline […]

At FiSer, we always bring topics for discussion, and today we talk about ISO 20022. The ISO 20022 is a new global payment standard of the future, and it’s about migration from old fashioned MT format to the new MX format. This standard will bring order to a current disjointed payments landscape and eventually enables interoperability

With the start of a new year, the European Commission prepares for the next phase of the European Single Market, which has its 30th anniversary this year, with further efficiency improvements within the Capital & Securities Markets. In December the European Commission (“the Commission”) published a Capital Markets Union Clearing Package, which includes, among other

With the publication of the final Interest Rate Risk in the Banking Book (IRRBB) standards https://lnkd.in/eMHGMZkT the embedding of the Basel standards into EU Law has been completed. The initial Basel (BCBS) Standards on IRBBB were published in April 2016 and have been developing over the years. Given the recent macro-economic climate, with increasing interest rates and

The Governing Council of the European Central Bank (ECB) has decided to reschedule the launch of the new Target 2 real-time gross settlement (RTGS) system and its central liquidity management model from 21 November 2022 to 20 March 2023. In view of the current geopolitical conditions and volatile financial markets, the additional four-month period allows

On October 5th, the EU Council’s Committee of Permanent Representatives endorsed the final compromise texts of the Markets in Cryptoassets Regulation (MiCA) and the recast Regulation on information accompanying transfers of funds and certain cryptoassets. This is the next step in finalising the legislative procedure for the regulation. The next steps are formal approval by,

As we bring in-depth industry knowledge on Payments, Banking, and Insurance & Pension practices, we want to highlight an important topic going on in the Banking market which relates to how the Digital Euro Project has started the prototyping exercise. As part of the investigation phase of the digital euro project, which started in October 2021, the ECB has selected five companies

The European Commission has adopted on Oct 27th a review of EU banking rules (the Capital Requirements Regulation and the Capital Requirements Directive). These new rules will ensure that EU banks become more resilient to potential future economic shocks, while contributing to Europe’s recovery from the COVID-19 pandemic and the transition to climate neutrality. The

ISO 20022 is an emerging global and open standard that impacts SWIFT cross-border payments and cash management messaging. Processes and value chains in financial services often cover different geographical and business areas. The proliferation of different messaging standards in the financial industry creates problems in automating these end-to-end chains. ISO20022 aims to resolve this issue

On April 19th, 2021, ECB published the results of the Targeted Review of Internal Models (TRIM), summarising findings and follow-ups of this multi-year project. The TRIM review covered internal models for credit, market, and counterparty credit risk. Given that there are many internal models operating in banks, ECB focused on those significantly material and critical