Central Bank of Ireland Markets update issue 9

On 20 November 2017 the Central Bank of Ireland issued its 9^th markets update. The latest markets update covers:

• Central Bank Feedback Statement on CP 111;
• Industry letter – Contingency Planning Post Brexit for Investment Funds;
• Central Bank publishes Twenty-seventh Edition of AIFMD Q&A;
• Central Bank publishes Twenty-first Edition of UCITS Q&A;
• Revised regulatory technical and implementing standards with regard to EMIR trade reporting
• Regulation in a changing environment: some regulatory issues relevant to the Irish funds sector - Gerry Cross, Director of Policy and Risk;
• Brexit – The drive for supervisory convergence - Sylvia Cronin, Director of Insurance Supervision
• The Board’s role in achieving compliance with CP86, Fund Management Companies Guidance - Michael Hodson, Director of Asset Management Supervision.

Central Bank of Ireland updates to Stock Connect Q&A following settlement system enhancements

The Central Bank of Ireland has updated its Q&A (UCITS ID 1015 and AIFMD ID 1094) relating to the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programmes (“Stock Connect”). The Q&A has been updated to coincide with the roll-out of a real-time delivery versus payment (“RDVP”) settlement system under Stock Connect, which has been approved by the Securities and Futures Commission of Hong Kong (“SFC”).

ESMA issues Final Report on Consultation on the Money Market Fund Regulation

The European Securities and Markets Authority (ESMA) has published a final report on the Money Market Funds Regulation (MMFR). The final report contains final versions of the technical advice, draft implementing technical standards (ITS), and guidelines on stress test scenarios carried out by MMF managers under the MMFR. The key requirements relate to asset liquidity and credit quality, the establishment of a reporting template and stress test scenarios carried out by MMF managers.

These represent the detailed rules required for the implementation of the new European Union regulatory framework aimed at ensuring the stability and integrity of money market funds.

IFRS News Q4 2017

IFRS News [ 572 kb ] is your quarterly update on all things relating to International Financial Reporting Standards (IFRS). In our latest edition we look at:

• a GPPC paper which aims to promote the application of expected credit losses under IFRS 9;
• two amendments to IFRS standards, including an important one on IFRS 9, and a further two recent Exposure Drafts;
• IFRS related news at Grant Thornton and a general round-up of financial reporting developments;
• a summary of the implementation dates of newer Standards that are not yet mandatory; and
• a list of IASB publications that are out for comment.