Recent regulatory developments of interest to financial institutions.
COVID-19: EBA and PRA approach to regulatory reporting and Pillar 3 disclosures -
On 2 April 2020, the PRA published a statement on amendments made to...more
COVID-19: PRA Dear CEO letter to UK insurers about distribution of profits -
On 31 March 2020, the Prudential Regulation Authority (PRA) published a Dear CEO letter from Sam Woods, Bank of England (BoE) Deputy Governor...more
COVID-19: PRA statement on regulatory reporting amendments -
On 23 March 2020, the Prudential Regulation Authority (PRA) published a statement on COVID-19 regulatory reporting amendments for UK insurers. The PRA outlines...more
A draft version of the Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment etc and Transitional Provision) (EU Exit) Regulations 2020 has been published, together with an explanatory...more
4/2/2020
/ Coronavirus/COVID-19 ,
Derivatives ,
EMIR ,
European Securities and Markets Authority (ESMA) ,
Financial Markets ,
IFRS ,
Investment ,
MiFIR ,
SFTR ,
Trade Repositories ,
UK
COVID-19 and bank lending: letter from HM Treasury, BoE and FCA -
On 25 March 2020, HM Treasury published a joint letter, from the Chancellor, the Governor of the Bank of England (BoE) and the Chief Executive Officer (CEO)...more
COVID-19: UK Finance increases spending limit for contactless card payments -
On 24 March 2020, UK Finance has announced that, from 1 April 2020, it is increasing the spending limit for contactless card payments from £30...more
COVID-19: PRA Dear CEO letter on IFRS 9, capital requirements and loan covenants -
On 26 March 2020, the Prudential Regulation Authority (PRA) published a Dear CEO letter giving guidance on consistent and robust...more
Economic crime: government and regulators respond to House of Commons Treasury Committee report -
The House of Commons Treasury Committee has published the responses of the government, the Payment Systems Regulator (PSR)...more
Future of Finance: BoE proposals for open data platform for SME financing -
The Bank of England (BoE) has published a paper explaining its proposal for open data for small and medium-sized enterprise (SME) financing. The...more
Open-ended funds investing in less liquid assets: FCA speech -
The FCA has published a speech by Edwin Schooling Latter, FCA Director of Markets and Wholesale Policy, in which he seeks feedback from investors and industry...more
The Financial Conduct Authority (FCA) has published a call for input (CFI) on the use and value of data and advanced analytics in wholesale financial markets, now and in the future. ...more
3/17/2020
/ China ,
Coronavirus/COVID-19 ,
EU Benchmark Regulation ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Infectious Diseases ,
Market Participants ,
MiFIR ,
RTS ,
Securities Regulation ,
SFTR ,
Transparency ,
UK
PSR issues new directions and response to consultation feedback -
The Payment Systems Regulator (PSR) has issued new versions of its directions following its consultation in CP19/3. It has also published a document,...more
3/16/2020
/ ATMs ,
Consultation Papers ,
EU ,
Financial Institutions ,
Financial Services Industry ,
Interchange Fees ,
Payment Systems ,
Regulatory Requirements ,
SEPA ,
UK ,
UK Payment Systems Regulator
Spring 2020 Budget: key financial services announcements -
The Chancellor of the Exchequer, Rishi Sunak, has delivered the Spring 2020 Budget. The Budget includes a number of measures of interest to financial services...more
3/16/2020
/ Bank of England ,
Budgets ,
China ,
Coronavirus/COVID-19 ,
Cybersecurity ,
European Economic Area (EEA) ,
FATF ,
Financial Services Industry ,
FPC ,
Green Bonds ,
Green Finance ,
HM Treasury ,
Infectious Diseases ,
Investment Funds ,
Libor ,
New Guidance ,
Prudential Regulation Authority (PRA) ,
Public Health ,
Risk Free Rates (RFRs) ,
Sterling Overnight Index Average (SONIA) ,
UK ,
UK Brexit
We are delighted to present the Spring 2020 edition of Hogan Lovells’ Debt Capital Markets Global Insights. This draws together a collection of articles from across our global network, reflecting on current events and topical...more
2/24/2020
/ ABS ,
Brazil ,
Capital Markets ,
Capital Requirements Regulation (CRR) ,
Credit Default Swaps ,
Cryptocurrency ,
Debt Market ,
EMIR ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
Green Bonds ,
Investment ,
Investors ,
ISDA ,
Libor ,
Luxembourg Stock Exchange ,
Mexico ,
New Legislation ,
Non-Performing Loans (NPL) ,
Noteholders ,
Regulatory Requirements ,
Securitization ,
SFTR ,
SMCR ,
Sterling Overnight Index Average (SONIA) ,
Sterling Risk-Free Reference Rates (SRFRR) ,
UK
The UK Financial Conduct Authority (FCA) has published Sector Views, its annual report examining how each financial sector is performing....more
2/18/2020
/ Consumer Financial Products ,
Consumer Insurance Products ,
Cyber Crimes ,
Data Management ,
Debt ,
Digital Services ,
E-Money ,
Economic Development ,
Emerging Markets ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Financial Markets ,
Financial Services Industry ,
Investment Management ,
Lenders ,
Peer-to-Peer ,
Pensions ,
Regulatory Oversight ,
Regulatory Standards ,
Retail Banks ,
Retirement Plan ,
Scams ,
Small and Medium-Sized Enterprises (SMEs) ,
Trade Relations ,
UK ,
UK Brexit ,
Vulnerable Victims