We have published a new online briefing note on Market Watch 68.
Continue Reading New online briefing note – Market Watch 68
Financial services: Regulation tomorrow
Tracks financial services regulatory developments and provides insight and commentary
Blog Authors
Latest from Financial services: Regulation tomorrow
New online briefing note – European Commission’s AIFMD legislative proposal: Focus on delegation
We have published a new online briefing note on the European Commission’s AIFMD legislative proposal focussing on delegation.
Continue Reading New online briefing note – European Commission’s AIFMD legislative proposal: Focus on delegation
FCA proposes stronger requirements on oversight of appointed representatives
On 3 December 2021, the FCA published Consultation Paper 21/34 ‘Improving the Appointed Representatives regime’ (CP21/34).
On the same date HM Treasury issued a call for evidence on how market participants use the appointed representatives (ARs) regime; how effectively the…
Continue Reading FCA proposes stronger requirements on oversight of appointed representatives
BoE’s review of its approach to setting MREL – Policy Statement
On 3 December 2021, the Bank of England (BoE) issued a Policy Statement ‘The Bank of England’s review of its approach to setting a minimum requirement for own funds and eligible liabilities’.
The Policy Statement follows a consultation that…
Continue Reading BoE’s review of its approach to setting MREL – Policy Statement
Speech by Mairead McGuinness: Structured Dialogue with the ECON Committee in the European Parliament
On 3 December 2021, the European Commission published the opening remarks made by Mairead McGuiness at the Structured Dialogue with the ECON Committee in the European Parliament. Among others things the remarks mention that:
- An extension of the equivalence decision
Derivatives clearing obligation – introduction of contracts referencing TONA: Amendment to BTS 2015/2205
On 3 December 2021, the Bank of England (BoE) published a Policy Statement containing its final policy on the proposal to add Overnight Index Swaps (OIS) that reference TONA to the scope of contracts subject to the derivatives clearing obligation.…
Continue Reading Derivatives clearing obligation – introduction of contracts referencing TONA: Amendment to BTS 2015/2205
FCA publishes Consultation Paper 21/35 ‘Quarterly Consultation No 34’
On 3 December 2021, the Financial Conduct Authority (FCA) published Consultation Paper 21/35 ‘Quarterly Consultation No 34’ (CP21/35).
In CP21/35 the FCA proposes:
- Chapter 2 – Minor amendments to the Enforcement Guide to reflect the EU Exit Passport Regulations. Changes
…
Continue Reading FCA publishes Consultation Paper 21/35 ‘Quarterly Consultation No 34’
EBA consults on interest rate risk arising from non-trading book activities
On 2 December 2021, the European Banking Authority (EBA) issued three consultations covering technical aspects of the revised framework capturing interest rate risks for banking book (IRRBB) positions. Specifically, the consultations cover:
- Guidelines on IRRBB and credit spread risk arising
…
Continue Reading EBA consults on interest rate risk arising from non-trading book activities
Primary Market Effectiveness Review: Feedback and final changes to the Listing Rules (PS21/22)
On 2 December 2021, the Financial Conduct Authority (FCA) published Policy Statement 21/22 ‘Primary Market Effectiveness Review: Feedback and final changes to the Listing Rules’ (PS21/22).
In PS21/22 the FCA provides feedback to the comments received on Consultation Paper 21/21 …
Continue Reading Primary Market Effectiveness Review: Feedback and final changes to the Listing Rules (PS21/22)
Anti-money laundering: Council of the EU agrees its negotiating mandate on transparency of crypto-asset transfers
On 1 December 2021, the Council of the European Union, agreed on a mandate to negotiate with the European Parliament on the proposed Regulation on information accompanying transfers of funds and certain crypto-assets. This proposal is part of a package…
Continue Reading Anti-money laundering: Council of the EU agrees its negotiating mandate on transparency of crypto-asset transfers