On 7 December 2023, the European Banking Authority (EBA) issued a consultation paper containing draft regulatory technical standards in accordance with Article 32(5) of the Markets in Crypto-Assets Regulation (MiCAR) which mandates the Authority to specify the requirements for the
Financial services: Regulation tomorrow
Tracks financial services regulatory developments and provides insight and commentary
Blog Authors
Latest from Financial services: Regulation tomorrow
Cycle 2 APP fraud data reporting guidance for PSPs
By Emily Stone
On 7 December 2023, the Payment Systems Regulator (PSR) published Cycle 2 of authorised push payment (APP) fraud data reporting for payment services providers (PSPs).
Specific Direction 18 was issued on 23 March 2023, to 14 directed participants. It…
ESMA final report – EU CLO credit ratings – risk of conflicts of interests relating to methodology changes
On 7 December 2023, the European Securities and Markets Authority issued a final report on EU credit ratings for collateralised loan obligations (CLO). The report highlights potential conflicts of interest risks that were observed in the dialogue between credit rating…
ESAs issue second consultation on joint guidelines on the ESAs Information System
On 7 December 2023, the European Supervisory Authorities (ESAs) issued a second consultation concerning their joint guidelines on the system for the exchange of information relevant to fit ad proper assessments. Our blog on the first consultation can be found…
EPC – Yearly update of the “Payment Threats and Fraud Trends Report”
On 7 December 2023, the European Payments Council (EPC) published its yearly update of ‘Payment Threats and Fraud Trends Report’.
The report provides an overview of the most important threats and other ‘fraud enablers’ in the payments landscape including social…
FCA consults on access to cash
On 7 December 2023, the FCA published Consultation Paper CP23/29: Access to Cash (CP23/29), setting out its proposals for how it supports access to cash in an increasingly digital world.
The FCA is proposing a new regulatory regime, which would…
FCA, PRA and BoE consult on operational resilience: critical third parties to the UK financial sector
On 7 December 2023, the Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA) and Bank of England (BoE) jointly published a Consultation Paper (CP) on Operational resilience: Critical third parties to the UK financial sector (PRA CP26/23 and FCA CP23/30).…
Council adopts mandate to start negotiations with the European Parliament on EMIR revisions
On 6 December 2023, the Council of the EU issued a press release stating that it had adopted a mandate to start negotiations with the European Parliament on a review of the European Market Infrastructure Regulation (EMIR) and a directive…
Daisy Chains: Council and Parliament reach agreement
On 6 December 2023, the Council of the EU and the European Parliament reached a provisional political agreement on the so called Daisy Chains proposal which amends the Bank Recovery and Resolution Directive and the Single Resolution Mechanism Regulation to…
ICMA publishes updated Master Regulatory Reporting Agreement
By Emily Stone
On 6 December 2023, the International Capital Market Association (ICMA), in collaboration with AFME, FIA, ISDA and ISLA, published an updated version of the Master Regulatory Reporting Agreement (MRRA) and the accompanying explanatory memorandum. The MRRA provides users with a…