EU Financial Regulations

About

This new ICSA online training package will take you through the regulatory framework and directives that currently exist within the EU. Each course will take a close look at each regulation and directive and explain how to manage them within your organisation. It will also cover upcoming directives that have been proposed and are currently under review.

EU Financial Regulations training package consists of eight individual courses:

• EU Regulatory Framework
• Overview of EU Directives
• EU Savings Directive
• EU Markets in Financial Instruments Directive
• Market Abuse
• Basel II & III

Package contains

EU Regulatory Framework

• The single market
• Financial Services Action Plan (1999-2005)
• White Paper on Financial Services (2005-2010)
• European System of Financial Supervision (2011- )
• EU Directives

Overview of EU Directives

• Money Laundering Directive (MLD)
• Market Abuse Directive
• Markets in Financial Instruments Directive (MiFID)
• EU Savings Directive
• Payment Services Directive
• UCITS
• Financial Conglomerates Directive (FICOD)
• Capital Requirements Directive (CRD)
• Solvency II
• Short-selling Regulation
• Transparency Directive (TD)
• Credit Rating Agencies Regulation

EU Savings Directive

• Purpose of the European Union Savings Directive
• What is savings income?
• Paying agents
• Receiving agents
• Competent authorities
• EU Savings Directive reviews

EU Markets in Financial Instruments Directive

• Regulatory goal
• Regulatory background
• Scope
• Which firms must comply with MiFID rules?
• Client classification
• Suitability
• Appropriateness
• Executing orders
• Conflicts of interest
• MiFID compliance checklist
• MiFID II

Market Abuse

• What is market abuse?
• What is inside information?
• Types of abusive behaviour
• Scenario: pre-sounding
• Scenario: sell orders
• Scenario: buy orders
• Scenario: market making
• Scenario: takeover bids
• Scenario: casual chats
• Scenario: profitable tips
• Scenario: short position
• Scenario: price positioning
• Scenario: tax-driven trades
• Scenario: online activities
• Scenario: commodity trades

Basel II & III

• A brief history of the Basel accords
• Overview of Basel II
• Pillar 1: Credit risk
• Regulatory capital arbitrage
• Pillar 1: Standard approach and IRB approach
• Pillar 1: Market risk
• Pillar 1: Operational risk
• Pillar 2: Supervisory review
• Pillar 3: Market discipline
• Reform of the Basel accords
• Basel III