The European Banking Authority (EBA) has published a letter it has received from the European Commission responding to the EBA’s letter of 15 December 2015 with an accompanying report on the net stable funding requirements (NSFR) under the Capital Requirements Regulation.
The EBA report concluded that the NSFR developed by the Basel Committee on Banking
There has been published the Commission Delegated Regulation supplementing MiFID II as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of the Directive. Accompanying Annexes have also been published.
The Council of the EU has published an “I” item note from its General Secretariat to its Permanent Representatives Committee (COREPER) relating to the legislative proposals to amend certain application dates for MiFID II and MiFIR.
The proposals have been examined by the Working Party on Financial Services in three meetings during the Netherlands’ Presidency
HM Treasury has published a consultation paper on an innovation plan for financial services. The purpose of the consultation is to set out on-going and proposed work to foster a supportive regulatory framework for financial services that allows innovation to flourish. The innovation plan covers the work of the financial services regulators: FCA, PRA, Payment
The FCA has published its latest Handbook Notice which introduces the FCA Handbook and other material made by the FCA under its legislative powers on 21 April 2016. It also contains information about other publications relating to the Handbook and, if appropriate, lists minor corrections made to previous instruments made by the FCA Board.
On
On 21 April 2016, the Dutch Minister of Finance (the Minister) sent a letter to the Dutch Parliament which sets out how several motions and commitments from the Dutch Parliament in respect of financial markets have been implemented.
The motions which are mentioned in the letter include, amongst other things, the request to investigate
On April 11, 2016, the Federal Reserve Board published a final rule that allows banking organizations under its jurisdiction the flexibility to include some state and municipal securities in meeting certain of its liquidity requirements. It is effective July 1, 2015.
In September 2014, the US federal banking regulators (the Federal Reserve Board, the Office
HM Treasury has issued a call for information on the UK’s anti-money laundering (AML) supervisory regime. The UK government is committed to showing that the UK has an effective AML / counter-financing of terrorism (CFT) regime during its mutual evaluation which will be conducted by the Financial Action Task Force (FATF) in 2017/18.
In preparation
The FCA has published Consultation Paper 16/12: Secondary annuity market – proposed rules and guidance (CP16/12).
In CP16/12 the FCA seeks views on its proposed new rules and guidance for the secondary annuity market, which is due to start in April 2017. It sets out the FCA’s expectations regarding the existing rules that apply to
The FCA has published a speech given by Tracey McDermott (acting Chief Executive, FCA) entitled “The regulation of advice – recommendations post FAMR (the Financial Advice Market Review)”.
In her speech it is noted that advice is one of the seven priority areas mentioned in the FCA’s annual business plan. In addition, Mrs McDermott mentions