Regulation (EU) No 2015/2365
I. General Information
Regulation of the European Parliament and of the Council on reporting and transparency of securities financing transactions
|Abbreviations||Transparency of securities financing transactions|
On 29 January 2014, the European Commission adopted a proposal for a regulation to stop the biggest banks from engaging in proprietary trading and to give supervisors the power to require those banks to separate other risky trading activities from their deposit-taking business.
To prevent banks from attempting to circumvent these rules by shifting parts of their activities to the less-regulated shadow banking sector, the Commission adopted a proposal for a regulation aimed at increasing transparency of certain transactions outside the regulated banking sector.
This proposal provides a set of measures aiming to enhance regulators’ and investors’ understanding of securities financing transactions (STFs). These transactions have been a source of contagion, leverage and procyclicality during the financial crisis and they have been identified in the Commission’s Communication on Shadow Banking as needing better monitoring.
|Regulation||(EU) No 2015/2365|
|Source||O.J. EU No L (Legislation), Edition 337, Year 2015, p.1|
|Legal Basis||Art. 114 AEUV|
|Legislative Procedure||Codecision procedure|
|Background|| Green paper on Shadow Banking
II. Versions and Legislative History
| (EU) No 2015/2365
Original Text Transparency of securities financing transactions:
2. Legislative History
|09/20/2014||Opinion of the European Data Protection Supervisor||O.J.2014/C 328/3|
|06/24/2014||Opinion of the European Central Bank||O.J. 2014/C 336/5|
|01/29/2014||Proposal - Annex||COM(2014) 40 final ANNEX I|
|01/29/2014||Proposal||COM(2014) 40 final|
3. Legal Impact
|Amendment|| Regulation (EU) No 648/2012|
III. Umsetzung in den Mitgliedstaaten
1. Implementation in Germany