Articles by author
Out of scope: Scope Ratings’ appeal against ESMA fine fails
In a December 2020 decision published on 12 January 2021, the Joint Board of Appeal (BoA) of the European Banking Authority, European Insurance and Occupational Pensions Authority, and European Securities and Markets Authority (ESMA) (together the European Supervisory Authorities) dismissed an appeal1 brought by Scope Ratings GmbH (Scope) against ESMA’s May 2020 decision to impose a €640,000 fine.2 In this article the authors assess the implications of the decision.
1 APR 2021Geopolitical uncertainty: managing market shutdown risks
The renewed Russian invasion of the Ukraine is placing a stark emphasis on financial market participants and also on trading venues needing to have sufficient resilience to weather operational and digital risks – and also to ensure they have fallbacks in place if the power goes out. This is separate to consideration on sanctions and their impact on financial market participants.1 In this Spotlight article, Michael Huertas considers the steps financial market participants need to take in anticipation of a power supply failure, a cyber-attack and military conflict. He draws comparison with the position in France and Germany.
1 APR 2022Supervisory tone sharpens further following ECB’s conclusions on its Desk Mapping Review
In this article, Dr Michael Huertas considers the impact on non-EU headquartered banking entities of the findings of the ECB-SSM’s Desk Mapping Review (Review). The Review assesses the governance and risk management capabilities of the EU operations of such non-EU headquartered entities.
1 SEP 2022
