The European Securities and Market Authority ("ESMA") has published a public statement on issues for consideration in implementing International Financial Reporting Standard ("IFRS") 9 (Financial Instruments).

The European Banking Authority ("EBA") published its final Guidelines on the collection of information related to the internal capital adequacy assessment process ("ICAAP") and the internal liquidity adequacy assessment process ("ILAAP").

The Institute of Internal Auditors ("IIA") has published its revised Internal Audit Standards.

The Basel Committee on Banking Supervision ("BCBS") has issued the 11th progress report on adoption of the Basel regulatory framework.

We would like to bring to your attention that following the adoption of the "Anti - Tax Avoidance Directive" by the European Council on 12 July 2016, certain measures are to be incorporated in the national legislation of each Member State.

CySEC wishes to inform all interested parties, that it decided to suspend the "fast track" examination scheme for the examination of applications for authorisation.

The European Banking Authority ("EBA") launched a consultation on its draft guidelines on the assessment of the Information and Communication Technology ("ICT") risk in the context of the Supervisory Review and Evaluation Process ("SREP").

CySEC announced a series of seminars for Continuous Professional Development for the period October to December 2016.

The Basel Committee on Banking Supervision ("BCBS") published reports assessing the implementation of the Basel risk-based capital framework and the Liquidity Coverage Ratio ("LCR") for Argentina and Korea.

The European Banking Authority ("EBA") and Basel Committee on Banking Supervision ("BCBS") published their results on the latest examination of the Basel III/CRR-CRDIV monitoring exercise.