Feb 2022

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The structural trend towards environmental, social and governance (ESG) focused investing has been underway in Europe for some years now. European ESG funds have multiplied year-on-year inflows over the past five years.

Feb 2022

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We look here at recent key developments on the two-pillar solution and the statement published by the OECD/G20 Inclusive Framework last October, which dealt with a number of key aspects of global tax reform as set out in the OECD BEPS 2.0 proposals.

Feb 2022

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Significant and wide-ranging new powers of intervention will be given to the Irish merger control authority i.e. the Competition and Consumer Protection Commission (CCPC), under the recently-published Competition (Amendment) Bill 2022 (Bill).

Feb 2022

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Domestically, the Irish Funds ESG Working Group issued a Q&A on the EU Taxonomy. At a European level, ESAM launched a Common Supervisory Action on the valuation of UCITS and open-ended AIFs and updated its UCITs Q&As on hedged share classes

Feb 2022

Article

Domestically, the CBI has published a paper examining the strength of the connectedness of the Irish insurance sector and investment funds. At a European level, EIOPA has published monthly technical information, a report on the application of the Insurance Distribution Directive.

Feb 2022

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Domestically, the CBI have announced a new Crowdfunding regulatory regime, and, have separately withdrawn their 2017 policy statement regarding EBA remuneration guidelines; At a European level, the EBA launched a consultation on draft guidelines on remuneration and gender pay gap benchmarking exercise for banks and investment firms

Feb 2022

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Domestically, the CBI has issued a statement to firms authorised to provide MiFID activities 3 and/or 6 and Ireland has transposed the MiFID II "Quick Fix" Directive; At European level, ESMA has published guidance on appropriateness and execution-only requirements under MiFID II

Feb 2022

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Domestically, the CBI has published a revised Standard Financial Statements to assist borrowers in financial distress.; At European level the EBA has published it opinion on the scale and impact of de-risking in the EU, as well as guidelines for institutions and resolution

Feb 2022

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Several western countries have threatened punitive economic and trade sanctions against Russia in response to its build up of military troops on the Ukrainian border.

Feb 2022

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The Commercial Court has issued its third judgment in the FBD Business Interruption Proceedings