UK CCPs: HM Treasury consults on expanded resolution regime -
HM Treasury is consulting on an expanded resolution regime for central counterparties (CCPs). HM Treasury intends to revise and expand the UK CCP resolution...more
3/1/2021
/ Central Counterparties ,
EU ,
EU Benchmark Regulation ,
European Securities and Markets Authority (ESMA) ,
Financial Markets ,
GameStop ,
IOSCO ,
Libor ,
Market Manipulation ,
MiFIR ,
Regulatory Agenda ,
Securities Regulation ,
Stock Trades ,
UK
IAIS 2021-22 roadmap -
The International Association of Insurance Supervisors (IAIS) has published its roadmap for 2021-22. In the roadmap, the IAIS sets out details of its anticipated projects and activities for 2021-22,...more
COVID-19: FCA update on BI insurance test case - The UK Financial Conduct Authority (FCA) has updated its webpage on its business interruption (BI) insurance test case....more
2/22/2021
/ Business Interruption ,
Commercial Insurance Policies ,
Consumer Insurance Products ,
Coronavirus/COVID-19 ,
EIOPA ,
EU ,
Financial Conduct Authority (FCA) ,
Infectious Diseases ,
Insurance Claims ,
Insurance Regulations ,
Policy Terms ,
Regulatory Agenda ,
Solvency II ,
UK
BoE banking solvency stress test 2021 scenario - The Bank of England (BoE) has updated its stress testing webpage and published the solvency stress test 2021 scenario for banks and building societies that are not part of...more
2/22/2021
/ Bank of England ,
Capital Requirements Regulation (CRR) ,
G-SII ,
IFRS ,
Implementing Technical Standards (ITS) ,
Libor ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Small and Medium-Sized Enterprises (SMEs) ,
Stress Tests ,
UK
EMIR: Delegated Regulations on clearing obligation and risk mitigation - The following Delegated Regulations made under the European Market Infrastructure Regulation (EMIR) have been published in the Official Journal of the...more
2/22/2021
/ Commodities ,
Derivatives ,
EMIR ,
European Securities and Markets Authority (ESMA) ,
Financial Markets ,
MiFID ,
MiFID II ,
Regulation Technical Standards (RTS) ,
Regulatory Agenda ,
Risk Mitigation ,
UK
Operational resilience: developments in the financial services sector in the UK - In recent years, operational resilience has come under the spotlight of financial regulators globally, leading to a proliferation of new...more
2/22/2021
/ Benchmarks ,
Consumer Financial Products ,
ESRB ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
General Data Protection Regulation (GDPR) ,
Green Finance ,
Information Commissioner's Office (ICO) ,
International Data Transfers ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
UK
COVID-19: PRA statement on COVID-19 regulatory reporting amendments -On 5 February 2021, the UK Prudential Regulation Authority (PRA) has published a further statement on COVID-19 regulatory reporting amendments. ...more
New Payments Architecture: PSR CP21/2 The UK Payment Systems -
Regulator (PSR) has published a consultation paper, CP21/2, on the options for reducing risks to the successful delivery of the New Payments Architecture (NPA)....more
Brexit: Draft Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 - A draft version of the Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 has been...more
2/15/2021
/ Coronavirus/COVID-19 ,
EMIR ,
EU ,
European Benchmark Regulation (BMR) ,
Financial Markets ,
Infectious Diseases ,
Regulatory Agenda ,
Securities Regulation ,
SFTR ,
Trade Repositories ,
UK ,
UK Brexit
Insurer capital requirements: PRA speech - The UK Prudential Regulation Authority (PRA) has published a speech by Anna Sweeney, PRA Executive Director, Insurance, titled "Goldilocks and the three pillars: how much capital is...more
Capital internal models: PRA statement on 2021 supervisory benchmarking exercise -
The UK Prudential Regulation Authority (PRA) has published a statement to provide greater clarity for credit institutions that are in scope...more
Payday Lending Market Investigation Order 2015: CMA summary of borrowing template - The Competition and Markets Authority (CMA) has published a template of a summary of borrowing statement, to be used by lenders to comply...more
Woolard Review sets out vision for unsecured credit - The UK Financial Conduct Authority (FCA) has published a report, to the FCA board on a review of change and innovation in the unsecured consumer credit market. ...more
Solvency II: PRA letter to life insurers on application of effective value test -The UK Prudential Regulation Authority (PRA) has sent a letter to the Chief Actuaries of life insurers on feedback on the application of the...more
UK ring-fencing and proprietary trading independent reviews: Terms of Reference - HM Treasury has published the Terms of Reference for the upcoming statutory reviews of the ring-fencing regime legislation and banks'...more
2/9/2021
/ Coronavirus/COVID-19 ,
European Banking Authority (EBA) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Infectious Diseases ,
Libor ,
Liquidity ,
Proprietary Trading ,
Regulatory Agenda ,
Stress Tests ,
UK
EU ELTIF Regulation review: ESMA letter highlights areas for review - The European Securities and Markets Authority (ESMA) has published a letter it has sent to the European Commission highlighting the areas where it...more
UK and Switzerland to deepen cooperation on financial services - HM Treasury has published a press release announcing plans to move forward to the next stage of talks between the UK and Switzerland on an agreement on...more
Capital buffers: PRA modification by consent - The UK Prudential Regulation Authority (PRA) has published a direction for modification by consent of 5.1 - 5.3 and 5.5 of the Capital Buffers Part of the PRA Rulebook....more
2/2/2021
/ Bank Recovery and Resolution Directive (BRRD) ,
Capital Requirements Regulation (CRR) ,
Coronavirus/COVID-19 ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
Financial Services Industry ,
Infectious Diseases ,
MREL ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
UK
LIBOR cessation: FCA speech - The FCA has published a speech given by Edwin Schooling Latter, FCA Director of Markets and Wholesale Policy, on being ready for life without LIBOR from the end of 2021. ...more
2/2/2021
/ CCPs ,
CSDR ,
EMIR ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
Inter-Bank Offered Rates (IBORs) ,
Libor ,
Regulatory Agenda ,
Securities Regulation ,
UK
UK SMCR forms: PRA PS1/21 - Following consultation, the UK Prudential Regulation Authority (PRA) has published a policy statement, PS1/21, on updates to forms relating to the Senior Managers and Certification Regime (SMCR or...more
COVID-19: FCA updates mortgage and consumer credit repossessions guidance - On 27 January 2021, the UK Financial Conduct Authority (FCA) published a statement giving an update on mortgages, consumer credit, banking and...more
HM Treasury call for input on review of UK funds regime - HM Treasury has published a call for input on its review of the UK funds regime, covering tax, relevant areas of regulation and opportunities for reform....more
COVID-19: FCA Dear CEO letter on BI insurance test case and outcome table - On 22 and 29 January 2021, the FCA updated its webpage on its business interruption (BI) insurance test case. The FCA has published ...more
2/1/2021
/ Business Interruption ,
Coronavirus/COVID-19 ,
Dear CEO Letter ,
Financial Conduct Authority (FCA) ,
IAIS ,
Infectious Diseases ,
Insurance Claims ,
Insurance Regulations ,
Preexisting Conditions ,
Regulatory Agenda ,
UK
UK contactless card payments limit: FCA consults on increase - In a COVID-19 update on mortgages, consumer credit, banking and payments, the UK Financial Conduct Authority (FCA) announced that it intends to consult on...more
Depositor protection identity verification: PRA CP3/21 - The UK Prudential Regulation Authority (PRA) has published a consultation paper, CP3/21, on depositor protection identity verification....more