Legal News - November-December 2019

Author:Mr Gilles Kolifrath, Thierry Bonneau, Linda Sharkey, François Poudelet, Pierre Storrer and Wadie Sanbar
Profession:Kramer Levin Naftalis & Frankel LLP

In this edition

Supervisory Authorities

Challenge of the guidelines of the European Banking Authority and notice of compliance by the Prudential Supervisory and Resolution Authority (ACPR) Strengthening of ESMA's powers vis-à-vis central counterparties ESMA and Colleges of Central Counterparties Financial Intermediaries

Definition of credit institution and extension of the competence of the European Central Bank Categories of third country central counterparties Prudential regulations applicable to investment firms Sanctions

Manipulation of the Euribor rate and anti-competitive practice Penalties for obstructing AMF investigations Consumer protection

Strengthening of consumer protection Reduction of the total cost of credit in the event of early repayment Mention of the APR in the consumer credit agreement Due diligence of the presenting banker in the event of cheques made payable to a person who is a court-appointed administrator Due diligence of the presenting banker when cashing cheques on which the name of a payee has been added next to the name of...

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