Updates

The three European Supervisory Authorities (European Banking Authority (“EBA”), European Insurance and Occupational Pensions Authority (“EIOPA”) and European Securities and Markets Authority (“ESMA”) – "ESAs") published a statement welcoming the European Systemic Risk Board’s ("ESRB") Recommendation on systemic cyber risk, which calls on the ESAs to prepare for the gradual development of a Pan-European systemic cyber incident coordination framework ("EU-SCICF").

The EBA published a Discussion Paper on its preliminary observations on selected payment fraud data under the Payment Services Directive ("PSD2"), as reported by the industry for the years 2019 and 2020.

The European Banking Authority ("EBA") published its final Guidelines for institutions and resolution authorities on improving banks’ resolvability.

The European Banking Authority ("EBA") published its Opinion on the scale and impact of de-risking in the EU and the steps competent authorities should take to tackle unwarranted de-risking.

The European Banking Authority ("EBA") published a package of two final draft regulatory technical standards ("RTS") regarding the reclassification of investment firms as credit institutions.

The European Banking Authority ("EBA") published its revised Guidelines on risk-based supervision of credit and financial institutions’ compliance with anti-money laundering and countering the financing of terrorism ("AML/CFT") obligations.

Με γνώμονα την προώθηση ίσων ευκαιριών και την κατάργηση των διακρίσεων λόγω φύλου, η εταιρεία K. Treppides & Co Ltd, εφαρμόζοντας ένα ολοκληρωμένο σύστημα διαχείρισης για την προώθηση της ίσης μεταχείρισης ανδρών και γυναικών στο περιβάλλον εργασίας της επιχείρησης, έχει εξασφαλίσει για δεύτερη φορά, την πιστοποίηση «Εργοδότης Ισότητας»...

The European Banking Authority ("EBA") published a Report on the application of its Guidelines on the remuneration of sales staff in force since 2016.

It is commonly accepted that social media play a defining role in almost every aspect of our everyday life. Especially during periods of crisis and important changes like the ongoing pandemic period we are going through...

The European Banking Authority ("EBA") launched three consultations specifying technical aspects of the revised framework capturing interest rate risks for banking book ("IRRBB") positions.

The European Banking Authority ("EBA") published its final draft Regulatory Technical Standards ("RTS").

The European Banking Authority ("EBA") and the European Securities and Markets Authority ("ESMA") launched a public consultation on their Guidelines on common procedures and methodologies for the supervisory review and evaluation process ("SREP").

The European Banking Authority (EBA) published the Final Paper of its Guidelines on a common assessment methodology for granting authorisation as a credit institution.

The European Banking Authority (EBA) launched a public consultation on its draft Regulatory Technical Standards (RTS) on Initial Margin Model Validation (IMMV) under the European Markets Infrastructure Regulation (EMIR).

The Management of K. Treppides & Co Ltd is committed to develop leaders who derive from own people and who pursue excellence in the provision of high quality specialised and unique services. We are pleased to announce the appointment of the following members on the Board of Management with effect as of 1 November 2021.

The European Banking Authority (EBA) published an Opinion on the treatment of client funds under DGSD, where it assessed the current approaches to the protection of funds deposited with credit institutions on behalf of clients by entities that are themselves excluded from DGS protection.

The European Banking Authority (EBA) published its advice to the EU Commission on funding in resolution and insolvency as part of the review of the crisis management and deposit insurance (CMDI) framework.

The European Banking Authority ('EBA') published a thematic note on the transition risks of benchmark rates.

The European Banking Authority (EBA) published an updated list of indicators for risk assessment and risk analysis tools, together with the accompanying methodological guide.

The European Banking Authority (EBA) published its regular monitoring Report of the full implementation, in 2028, of the final Basel III reforms in the EU.

The European Commission adopted on 21 April 2021, a comprehensive package of measures to help improve the flow of money towards financing the transitionto a sustainable economy, whereas these measures will be instrumental in reaching climate and environmental targets as well as vital for economic recovery from the COVID-19 pandemic.

We would like to inform you that the Minister of Finance has granted a further extension to the deadline for the submission of the 2019 Income Tax Returns, from 30 September 2021 to 30 November 2021.

The European Banking Authority (EBA) published a Report on the platformisation of the EU banking and payments sector.

We would like to inform you that the Cyprus Tax Department (“CTD”) has announced on 21 September 2021 a further extension to the submission of DAC6 reports without any penalties up to 30 November 2021.

The European Banking Authority ("EBA") published its final Guidelines specifying the criteria to assess the exceptional cases when institutions exceed the large exposure limits and the time and measures to return to compliance.

If you do a quick search on the internet on how many people have become “Bitcoin Millionaires” you will be inundated with stories of young individuals who invested their pennies some years ago and have now struck it rich. Currently there are over 100,000 accounts that hold US1,000,000 or more in Bitcoin.

The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) issued their second joint risk assessment report for 2021.

The European Banking Authority (EBA) published its peer review on the prudential assessment of qualifying holdings, aiming at assessing competent authorities’ application of the Joint ESAs Guidelines on the prudential assessment of the acquisition of qualifying holdings.

The European Banking Authority (EBA) published 12 indicators and updated the underlying data from the 31 largest institutions in the EU.