Since the 2008 financial crash there have been over 50 new individual pieces of regulation for investment firms to implement. (EC, Nov 18). 

Figure 2 – Regulatory change since 2008

 

Ref	Regulation	First proposed by the Commission in
1	Risk-based prudential and solvency rules for insurers (‘Solvency II’)	Jul-07
2,3,4	Credit Rating Agencies Regulations EC N°1060/2009, N°513/2011, °462/2013. Directive 2013/14/EU.	Nov-08, Jun-10, Nov-11
5	Hedge Funds & Private Equity (‘AIFMD’)	Apr-09
6	Remuneration & prudential requirements for banks (‘CRD III’)	Jul-09
7	Establishment of the European Supervisory Authorities	Sep-09
8	Deposit Guarantee Schemes	Jul-10
9	Strengthened supervision of financial conglomerates	Aug-10
10	Derivatives (‘EMIR’)	Sep-10
11	Short-selling & Credit Default Swaps	Sep-10
12	Creation of the Single Euro Payments Area (‘SEPA’)	Dec-10
13	New European supervisory framework for insurers (‘Omnibus II’)	Jan-11
14	Interconnection of business registers	Feb-11
15	Responsible lending (mortgage credit)	Mar-11
16	Single Rule Book of prudential requirements for banks capital, liquidity & leverage + stricter rules on remuneration and improved transparency (‘CRD IV / CRR’)	Jul-11
17	Enhanced framework for securities markets (‘MIFID/R’)	Oct-11
18	Enhanced framework to prevent market abuse (‘MAD/R’)	Oct-11
19	Simplification of accounting	Oct-11
20	Enhanced transparency rules	Oct-11
21	Enhanced framework for audit sector	Nov-11
22	Creation of European Venture Capital Funds	Dec-11
23	Creation of European Social Entrepreneurship Funds	Dec-11
24	Central Securities Depositories	Mar-12
25	Improved investor information for complex financial products (‘PRIPS’)	Jul-12
26	Strengthened rules on the sale of insurance products (‘IMD’)	Jul-12
27	Safer rules for retail investment funds (‘UCITS’)	Jul-12
28	Prevention, management & resolution of bank crises (‘BRRD’)	Jun-12
29	Single Supervisory Mechanism	Sep-12
30	Strengthened regime on anti-money laundering	Feb-13
31	Non-financial reporting for companies	Apr-13
32	Access to basic bank account / transparency of fees / switching of bank accounts	May-13
33	Creation of European long-term investment funds	Jun-13
34	Single Resolution Mechanism	Jul-13
35	Revised rules for innovative payment services (cards, internet & mobile payments)	Jul-13
36	Regulation of Financial Benchmarks (such as LIBOR & EURIBOR)	Sep-13
37	Shadow banking, including Money Market Funds	Sep-13
38	Shadow banking: increasing the transparency of securities financing transactions	Jan-14
39	Long-term financing of the European economy / Revised rules for occupational pension funds (‘IORP’)	Mar-14
40	New rules on prospectuses	Nov-15

Table 8 – Financial regulations since 2008