malta

Joint EBF – Malta Stock Exchange Corporate Actions Workshop

 Standardised rules to ease the processing of corporate actions by issuers, banks and market infrastructures are being implemented across Europe as part of efforts by the industry to eliminate obstacles to an efficient Single Market for cross-border holdings of securities. National Market Implementation Groups (MIGs) are responsible for implementation at local level while the Broad [...]

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Warning against negative impact of FTT

In a letter sent last month, the European Banking Federation has called on EU Finance Ministers not to endorse the implementation of a Financial Transaction Tax (FTT). Together with another eight major associations[1], representing various sectors of the financial services industry, the Federation reiterated concerns over the introduction of the proposed Tax under the enhanced cooperation procedure [...]

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CRD IV provisions set limits in the number of directorships Board members can hold

 The Capital Requirements Directive (CRD IV) introduces standards that should aim at strengthening the corporate governance of financial institutions that pursue predominantly commercial objectives. The Directive limits the number of directorships which may be held by members of the management body. The European Banking Federation considers the limitations on directorships as an inappropriate measure to [...]

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EU bank accounts Directive

 New rules relating to access to basic payment accounts, transparency and comparability of bank account fees and bank account switching cannot be justified, was the key message to Internal Markets Commission in a letter earlier this month. The European Banking Federation believes that some of the proposals in the European Commission Directive are disproportionate to [...]

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