Capital market regulation: FCA speech -
The FCA has published a speech given by Mark Steward, Executive Director of Enforcement and Market Oversight on "Capital market regulation and coronavirus". Among other things, Mr...more
COVID-19: IAIS extends deadline for consultation on impact of COVID-19 -
On 12 August 2020, the International Association of Insurance Supervisors (IAIS) updated its current consultations webpage to announce an extension...more
ISO 20022: BoE confirms go-live in April 2022 will be on like-for-like basis -
The Bank of England (BoE) has confirmed that it plans to go-live with the new messaging standard for UK payments, ISO 20022, in April 2022 on...more
COVID-19: PRA suspends guidance levels on fixed rate lending limits for non-systemic building societies -
On 11 August 2020, the UK Prudential Regulation Authority (PRA) published a letter (dated 31 July 2020) sent from...more
COVID-19: FCA guidance for insurance and premium finance firms on customers in temporary financial difficulty -
On 11 August 2020, the UK Financial Conduct Authority (FCA) published updated finalised guidance setting out...more
8/14/2020
/ AML/CFT ,
Coronavirus/COVID-19 ,
Dear CEO Letter ,
EU ,
European Banking Authority (EBA) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Reform ,
Investment ,
RegTech ,
Regulatory Agenda ,
UK
AML/CTF supervision: HM Treasury annual report -
The Bank of England (BoE) has published the Financial Stability Report for August 2020 and the financial policy summary and record of the meetings of its Financial Policy...more
COVID-19: PRA PS19/20 on FSCS temporary high balances coverage extension -
On 4 August 2020, the UK Prudential Regulation Authority (PRA) published a policy statement, PS19/20, on the Financial Services Compensation Scheme...more
8/11/2020
/ Bank Recovery and Resolution Directive (BRRD) ,
Banks ,
Basel Committee on Banking Supervision (BCBS) ,
Capital Requirements Regulation (CRR) ,
Comment Period ,
Financial Regulatory Reform ,
FSCS ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
TLAC ,
UK
High-cost credit: FCA review into relending -
The UK Financial Conduct Authority (FCA) has published its findings following a review, which was carried out before the coronavirus pandemic, into relending by firms offering...more
APP scams: PSR call for improvements -
The Payment Systems Regulator (PSR) has published a document in which Genevieve Marjoribanks, PSR Head of Policy, sets out how the PSR wants to see improvements relating to...more
Liquidity mismatch in authorised open-ended property funds: FCA CP20/15 -
The UK Financial Conduct Authority (FCA) is consulting, in CP20/15, on liquidity mismatch in authorised open-ended property funds....more
COVID-19: FCA statement on non-damage BI settlements and deductions relating to government support -
The UK Financial Conduct Authority (FCA) has published a statement on non-damage business insurance (BI) settlements and...more
Business continuity: SRB operational guidance on operational continuity in resolution and FMI contingency plans.
The UK Prudential Regulation Authority (PRA) has published a policy statement, PS18/20, and the following...more
8/4/2020
/ Bank Recovery and Resolution Directive (BRRD) ,
Business Continuity Plans ,
Coronavirus/COVID-19 ,
Distressed Debt ,
EU ,
European Banking Authority (EBA) ,
European Central Bank ,
Implementing Technical Standards (ITS) ,
MREL ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Remuneration ,
RTS ,
UK
Payments landscape review: HM Treasury call for evidence -
HM Treasury has published a call for evidence as part of the payments landscape review. The call for evidence is the first stage in the review, which was announced...more
Title transfer collateral arrangements: FCA Dear CEO letter -
The UK Financial Conduct Authority (FCA) has published a Dear CEO letter to firms acting as brokers in wholesale financial markets, who currently, or may in the...more
8/4/2020
/ Coronavirus/COVID-19 ,
CSDR ,
Dear CEO Letter ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Libor ,
MiFID ,
MiFIR ,
RTS ,
Securities Regulation ,
UK
COVID-19: IAIS consults on the impact for the insurance sector.
The UK Prudential Regulation Authority (PRA) has published a consultation paper, CP11/20, setting out its expectations and guidance relating to auditors' work...more
COVID-19: FCA call for input on ongoing support for mortgage and consumer credit customers.The UK Financial Conduct Authority (FCA) has published a consultation paper, CP20/13, setting out proposals designed to support...more
COVID-19: FCA guidance consultation on cancellations and refunds -
On 31 July 2020, the UK Financial Conduct Authority (FCA) published a guidance consultation on cancellation (for example, of holidays and events) and...more
8/4/2020
/ Coronavirus/COVID-19 ,
Cryptoassets ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
MiFID II ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
Prudential Regulation Authority (PRA) ,
UK ,
UK Brexit
BigTech: International Banking Federation report -
The House of Lords EU Services Sub-Committee has published the letter it has sent to John Glen, Economic Secretary and City Minister, on the UK-EU negotiations in...more
Reporting requirements: EBA questionnaire and call for case studies on cost of compliance -
HM Treasury has published a statement on the applicability of COVID-19 related amendments to the Capital Requirements Regulation...more
EU Regulation on cross-border payments: European Commission adopts legislative proposal.
Australia: Open banking launches with the initiation of the Consumer Data Right. Customers of Australia's four major banks can choose...more
Brexit: ISDA updates FAQs -
HM Treasury has published a policy statement explaining the government's reasons for extending the transitional period for third-country benchmarks under the retained EU law version of the...more
COVID-19: FCA updates on business interruption insurance test case -
The UK Financial Conduct Authority (FCA) has published a number of updates to its webpage on the High Court test case concerning business interruption...more
Role of investment managers in post-COVID-19 recovery: FCA speech -
The UK Financial Conduct Authority (FCA) has published a speech by Christopher Woolard, FCA Interim Chief Executive, on the role of investment managers in...more
7/21/2020
/ Asset Management ,
Coronavirus/COVID-19 ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Investment Funds ,
Investment Management ,
Liquidity ,
Money Market Funds ,
Recovery Plans ,
UK
COVID-19: PRA updates statement on implementation of EBA guidelines on reporting data and public information -
The UK Prudential Regulation Authority (PRA) has updated its statement on the implementation of the European...more
Draft Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020 -
A draft version of the Debt Respite Scheme (Breathing Space Moratorium and Mental Health...more