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:
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Continue Reading EBA consults on interest rate risk arising from non-trading book activities
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 …
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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
Introduction
Here is a short summary of some of the key regulatory milestones in December.
EU
The recording of our recent webinar ‘The UK TPR is ending – what should EU firms do next’ is now available.
The webinar, which is targeted both at standalone EU firms using the temporary permissions regime (TPR) and at…
Continue Reading The UK TPR is ending – what should EU firms do next?
On 1 December 2021, the European Securities and Markets Authority (ESMA), announced that it will begin publishing information on trading venues with the highest turnover for bonds. This information is needed by Central Securities Depositories (CSDs) to apply cash penalties…
Continue Reading ESMA announces upcoming publication aimed at CSDs
On 1 December 2021, the European Commission published a call for evidence regarding a review of macroprudential rules for the EU banking sector to limit systematic risk.
The Commission has issued the call to collect evidence on how the EU’s…
Continue Reading European Commission call for evidence for the EU banking sector to review macroprudential rules to limit systemic risk
On 1 December 2021, the Single Resolution Board (SRB) published guidance on solvent wind-down of derivatives and trading books in resolution. This guidance was released in line with the SRB’s Expectations for Banks (EfB) document which was published in April…
Continue Reading Solvent wind-down of trading books – SRB guidance for banks 2022
On 24 November 2021, the Dutch Minister of Finance submitted the Amendment Decree Financial Markets 2021 (Wijzigingsbesluit financiële markten 2021, the Amendment Decree 2021) to the Dutch Parliament (Tweede Kamer) and the Dutch Senate (Eerste Kamer). The Amendment Decree 2021…
Continue Reading Amendment Decree Financial Markets 2021 submitted to Dutch Parliament and Dutch Senate
On 30 November 2021, the Financial Conduct Authority (FCA) published Policy Statement 21/20 ‘Changes to UK MiFID’s conduct and organisational requirements’ (PS21/20).
In PS21/20 the FCA sets out its final policy position and rules on changes to the research rules…
Continue Reading FCA PS21/20 ‘Changes to UK MiFID’s conduct and organisational requirements’
