On 13 May 2022, the European Banking Authority (EBA) published a final report setting out draft Regulatory Technical Standards (RTS) per its mandate under Article 19(7) of the European Crowdfunding Service Providers Regulation specifying the:
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On 12 May 2022, the government issued a call for evidence to support the development of an update to the UK’s Green Finance Strategy.
The call for evidence contains 39 questions on four key objectives:
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On 12 May 2022, the FCA published a new webpage regarding the two-day CryptoSprint event that it held recently which explored how cryptoassets could be regulated in the UK. Over the event, participants worked in mixed-discipline teams to explore some…
On 12 May 2022, the Committee on Payments and Market Infrastructures (CPMI) issued a final report on extending and aligning payment system operating hours for cross-border payments.
The final report focuses on the operating hours of real-time gross settlement (RTGS)…
On 11 May 2022, it was announced that the Council presidency and the European Parliament had reached provisional agreement on the Digital Operational Resilience Act (DORA). The provisional agreement is subject to approval by the Council and the European Parliament…
On 11 May 2022, the European Commission published a draft Directive that amends the current EU rules on Distance Marketing of Consumer Financial Services, which govern financial services sold at a distance.
The press release mentions that the draft Directive…
On 11 May 2022, the Wolfsberg Group published FAQs on how undertaking screening for negative news and other forms of adverse information can enhance a financial institution’s awareness of potential financial-crime risk posed by both existing and prospective customers.
The…
On 11 May 2022, the Transition Plan Taskforce (TPT) launched a Call for Evidence on a Sector-Neutral Framework for private sector transition plans. The consultation asks for feedback on a range of questions regarding the content of a gold standard…
On 11 May 2022, the Financial Services Consumer Panel (FSCP) published new research covering the experiences of consumers as they choose and buy equity release. The research indicates that the prevailing guidance, sales and advice processes may exacerbate some of…
On 11 May 2022, the European Banking Authority (EBA) published its annual report on convergence of supervisory practices for 2021.
Among other things the annual report notes:
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