On 23 May 2022, the European Banking Authority (EBA) published a final report containing draft regulatory technical standards (RTS), specifying the criteria to identify shadow banking entities for the purposes of reporting large exposures. The final draft RTS, which have
Financial services: Regulation tomorrow
Tracks financial services regulatory developments and provides insight and commentary
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European Commission consults on BMR third-country benchmarks regime
On 23 May 2022, the European Commission (Commission) launched a targeted consultation on the regime applicable to the use of benchmarks administered in a third country . The Commission takes note of the fact that the current regime for third-country…
US SEC administrative tribunals held unconstitutional
In a watershed opinion, a divided panel of the Fifth Circuit has ruled that the United States Securities and Exchange Commission’s system of in-house administrative tribunals is unconstitutional.
Read our full update here.
Regulation Tomorrow podcast – Australian wrap up
The first instalment in our new Regulation Tomorrow podcast series, the Australian wrap up, is now available to stream and download.
In this month’s episode Jon Ireland, Ray Giblett and Timothy Chan take a deeper dive on some of the…
The Financial Guidance and Claims Act 2018 (Commencement No.2) Order (Northern Ireland) 2022 (No. 175)
On 19 May 2022, there was published on the legislation.gov.uk website The Financial Guidance and Claims Act 2018 (Commencement No.2) Order (Northern Ireland) 2022.
The Order is made in exercise of the powers conferred by section 37(2) and (3)(c)…
FPC updates document on the framework for the systemic risk buffer
On 23 May 2022, the Financial Policy Committee (FPC) updated the document covering its framework for the systemic risk buffer. The update has been made to reflect the changes made by the FPC to the Other Systemically Important Institutions (O-SII)…
UK authorities look to strengthen resilience of MMFs
Introduction
On 23 May 2022, the FCA, jointly with the Bank of England, published Discussion Paper 22/1 ‘Resilience of Money Market Funds’ (DP22/1). At the same time the FCA published Finalised Guidance 22/3 ‘Finalised Guidance (non-Handbook) on parts of the…
Avis du ministère de la Justice américain sur une violation en vertu de la FCPA – est-ce que cela se produirait au Canada?
Avis du ministère de la Justice américain sur une violation en vertu de la FCPA – est-ce que cela se produirait au Canada?
En janvier, le ministère de la Justice américain (Ministère) a rendu un avis à une société américaine…
DOJ opinion on FCPA breach – would this happen in Canada?
In January, the US Department of Justice (DOJ) issued an opinion to a US company on whether paying a third party for release of its employees would breach the Foreign Corrupt Practices Act (FCPA).[1] The DOJ said it would…
Central clearing: Three lessons and a path forward – speech by Christina Segal-Knowles
On 19 May 2022, Christina Segal-Knowles gave a speech at the European Association of CCP Clearing Houses (EACH) in Brussels. The speech addressed central clearing, and the lessons that can be learnt from recent episodes of market stress in order…