The capital planning buffer (CPB) offset is a temporary adjustment to the PRA’s capital regime and is intended to ensure that the PRA’s capital framework does not unduly impact HM Treasury and Bank of England macro-prudential policy.
The European Commission has published a report on the implementation of the Consumer Credit Directive (CCD). The report, which has now been adopted by the Commission, concerns the implementation of the CCD and assesses its impact in terms of consumer protection. Among other things, it concludes that:
The following have been published in the Official Journal of the EU (the OJ):
The FCA has published a speech given by Clive Adamson (FCA Director of Supervision) at the Building Societies Association’s annual conference. The speech is entitled FCA one year on – effective regulation goes hand-in-hand with sustainable businesses.
The Council of the EU has published its latest compromise proposal on the draft Fourth Money Laundering Directive (MLD4).
The Joint Money Laundering Steering Group (JMLSG) has published a paper setting out the basis on which it carries out reviews of its guidance. Reviews and publication of those reviews occur:
The FCA has published Thematic Review 14/7: Clarity of fund charges (TR14/7).
In TR14/7, the FCA discusses the findings from its clarity of fund charges project and reminds firms of the current regulatory framework.
There has been published in the Official Journal of the EU the European Commission implementing Regulation on the hypothetical capital of a central counterparty according to European Markets Infrastructure Regulation.
On 15 April 2014, the texts of the Markets in Financial Instruments Directive (recast) (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR) were approved by the European Parliament in plenary session. This morning the Council of the European Union adopted the texts of MiFID II and MiFIR. The next stage is for the texts to be published in the Official Journal of the EU.
The Financial Stability Board (FSB) has published a final peer review report on national authorities’ implementation of its principles for reducing reliance on credit rating agency (CRA) ratings (the Principles).