On 17 May 2016, the EU Council officially adopted the first EU-wide legislation on cyber security – the Network Information Security Directive – paving the way for the Directive to come into force in August 2016. The Directive will impose obligations on 'operators of essential services'...
The European Securities and Markets Authority (ESMA) has published today its Risk Dashboard for the first quarter of 2016. The overall risks to securities markets in Q1 2016 remained unchanged at high levels, with market and credit risks being very high. This was reflected in major...
Hewlett Packard Enterprise published the report "The Business of Hacking", that looks at the adversary value chain as driving force in cybercrime and provides actionable insights to improve enterprise defences. The profile of typical cyber attackers -- and the interconnected nature of their underground economy -- have...
The currently applicable Market Abuse Directive (MAD) was adopted in 2003 and established an EU-wide framework for tackling both insider dealing and market manipulation. A review of MAD following the financial crisis led the European Commission to propose that the regime should be updated and...
In today’s complex and demanding operating environment, an organization must be able to exploit the synergies coming from an inter-disciplinary approach so that stakeholders ever-increasing expectations can be met. Few disciplines complement each other as effectively as governance and risk management – particularly when applied enterprise...
On April 25th, Taxlinked hosted a webinar that touched upon the management challenges and opportunities to be faced by the banking and financial consulting sector in 2016. Moderated by the EIMF General Manager, Marios Siathas, the event was highly informative, covering many of the issues currently trending...
The European Commission published a report on crowdfunding in the European Union capital markets, concluding that crowdfunding remains relatively small among member states. Supporting innovative ways of connecting savings to growth and diversifying the funding sources for European businesses is crucial to improving growth and...
The Association of Certified Anti-Money Laundering Specialists (ACAMS), the leading global professional membership organization for AML Compliance professionals, has formed a local training partnership with the European Institute for Management and Finance (EIMF) to support Cypriot AML Compliance professionals preparing for the Certified Anti-Money Laundering...
Cyprus and 31 other countries announced that they have committed to establishing central registers requiring beneficial ownership information of companies. Specifically, Cyprus, the United Kingdom, France, Germany, Italy, Spain, the Netherlands, Romania, Sweden, Finland, Croatia, Belgium, Slovakia, Latvia, Lithuania, Ireland, Slovenia, Denmark, Malta, Gibraltar, Isle of...
The European Securities and Markets Authority (ESMA) published its guidelines on the assessment of the knowledge and competence of individuals providing investment advice or information about financial instruments, investment services or ancillary services to clients on behalf of investment firms on March 22, 2016. Under the...