LEI

  • KSERV Reporting in Denmark: The Twice-Yearly NPL Transfer Return

    KSERV reporting starts when a Danish bank sells a non-performing loan to a buyer that is not itself a credit institution. Sections 15 and 19 of the Danish act on credit servicers and credit purchasers (Act no. 1534 of 12 December 2023, in force since 30 December 2023) require the selling credit institution, and any…

  • Harmonised ISO 20022 Data Requirements: The 2027 Alignment Window

    On 26 February 2026 the Committee on Payments and Market Infrastructures (CPMI) published an updated set of harmonised ISO 20022 data requirements for enhancing cross-border payments, replacing the report it delivered to the G20 in October 2023. The document and technical annex recommend that payment system operators and participants align their ISO 20022 usage guidelines…

  • ESAP First Phase: Where Regulated Disclosures Must Now Be Filed

    On 10 July 2026, ESMA started pulling regulated disclosures into the European Single Access Point (ESAP). The public ESAP portal is not yet accessible; Regulation (EU) 2023/2859 requires ESMA to establish and operate it by 10 July 2027. What went live on 10 July was the plumbing underneath it: from that date, Officially Appointed Mechanisms…

  • G20 Cross-Border Payments Targets: The 2027 Reporting Countdown

    On 8 July 2026, the Financial Stability Board’s Deputy Secretary General, Martin Moloney, told an OMFIF audience that the G20 Roadmap for Enhancing Cross-border Payments is approaching its finish line without having reached its destination. The G20 cross-border payments targets on cost, speed, transparency and access were set in 2021, and most of them fall…

  • MiFIR Transaction Reporting: Complete Guide to Article 26 Compliance

    What Is MiFIR Transaction Reporting? Article 26 in Plain Terms MiFIR transaction reporting is the obligation, set out in Article 26 of Regulation (EU) No 600/2014 (MiFIR), that applies to investment firms and, under Article 1(2), to credit institutions when they provide investment services and/or perform investment activities. Where such an entity executes a reportable…