The PRA has published Consultation Paper 4/14: Supervising international banks: the PRA’s approach to branch supervision (CP4/14).
In CP4/14, the PRA sets out its proposed approach to supervising international banks, with a specific focus on UK branches of banks outside the EEA.
The FCA has published Thematic Review 14/3: Mortgage lenders’ arrears management and forbearance (TR14/3). In TR14/3, the FCA reports on its key findings of a thematic review into mortgage lenders’ arrears management and forbearance.
The European Securities and Markets Authority (ESMA) has published on its website new consolidated registers. The consolidated registers provide the following information:
The Presidency of the Council of the EU has published a revised version of the third compromise proposal for the Fourth Money Laundering Directive.
The Financial Services and Markets Act 2000 (Consumer Credit) (Transitional Provisions) Order 2014 has been published together with an explanatory memorandum.
The Financial Services (Banking Reform) Act 2013 (Transitional Provision) Order 2014 has been published together with an explanatory memorandum.
The Financial Services (Banking Reform) Act 2013 (Commencement No. 1) Order 2014 has been published. The Order brings into force various provisions of the Financial Services (Banking Reform) Act 2013 (Banking Reform Act) on 1 March 2014 including:
The European Banking Authority (EBA) has published a decision adopting rules of procedure for the settlement of disagreements between competent authorities as per the requirements of article 41 of the EBA Regulation.
The FCA has updated its web page on its supervisory priorities arising from the European Market Infrastructure Regulation (EMIR).
On the web page the FCA states that it expects firms that are unable to comply with risk mitigation requirements for non-cleared trades relating to portfolio reconciliation, dispute resolution and compression to have a detailed and realistic plan to achieve compliance within the shortest time-frame possible. The FCA expects that such plans will be completed and implemented by 30 April 2014 and that firms will be able to demonstrate compliance after that date.
The Financial Stability Board (FSB) has published a letter that it has sent to G20 finance ministers and central bank governors outlining its priorities for financial reforms.