The Bank of England and Financial Services Bill has had its second reading in the House of Lords. The next stage is the Committee stage, i.e. a line by line examination of the Bill, however this has yet to be scheduled.
The European Banking Authority (EBA) has published the final set of templates and instructions for its quantitative impact study on the definition of default under the Capital Requirements Regulation.
The EBA notes that the information submitted will help it estimate the impact of the requirements set out in its proposed draft regulatory technical standards and guidelines aiming to harmonise the definition of default across the EU.
The deadline for participating institutions to submit their completed templates to their respective competent authorities is 10 December 2015.
The European Commission (the Commission) has adopted a Delegated Regulation on regulatory technical standards for prudent valuation under Article 105(14) of the Capital Requirements Regulation.
The Delegated Regulation specifies how, for the purposes of paragraph 1 of Article 105, additional valuation adjustments (AVAs) should be applied to fair-valued positions in order to determine a prudent
The European Banking Authority (EBA) has published a consultation paper on draft guidelines on the provision of information in summary or collective form for the purposes of Article 84(3) of the Bank Recovery and Resolution Directive (BRRD).
The draft guidelines specify that for the purposes of disclosing information in summary or collective form according to
Cybercrime happens at the speed of broadband with criminals able to easily move the tools of their activities from one location to another. Successfully combatting cybercrime therefore requires real time detection and investigation, often by different agencies in different countries.
Cybercrime has exploded internationally in the past several years in tandem with the surge of
On 9 November 2015, our London office will be holding its latest MiFID II Academy seminar. The seminar will focus on the markets aspects of MiFID II and MiFIR but we will consider the impact on all asset classes and from different perspectives.
Further information on the seminar can be found here.
The FCA has published a speech by Mary Starks (Director of Competition, FCA) entitled Disruptive innovation in financial markets.
Mrs Starks begins her speech by providing an overview of the Fintech sector and the role of the regulator. In particular she mentions that “Fintech” covers the current wave of technological innovation covering a diverse
Financial undertakings have recently received further guidance from the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) as regards the Dutch Financial Undertakings (Remuneration Policy) Act (Wet beloningsbeleid financiële ondernemingen, the Act) which came into effect earlier this year on 7 February 2015.
The Act introduced
The PRA has published Consultation Paper 40/15: The PRA Rulebook: Fees (CP40/15).
In CP40/15 the PRA sets out proposals to redraft the FEES module of its Handbook to conform to the Rulebook style. The consultation looks to effect the Rulebook transposition in relation to fees rules rather than to alter the rates of fees or
The Regulatory Law Committee of the City of London Law Society (the Committee) has published its response to HM Treasury’s technical consultation on the Bank of England Bill (the Bill).
Earlier this year HM Treasury issued a technical consultation document on proposals in the Bill that are intended to strengthen the Bank of England’s (BoE)