The FCA has announced that it will be launching its redesigned website in June. It states that whilst the new website won’t be totally complete, as the publications and news sections will follow in September, people visiting the site should have a much improved experience from the moment they enter to the moment they leave.
There has been published in the Official Journal of the EU (OJ) the European Commission Delegated Regulation supplementing the Regulation on over-the-counter derivative transactions, central counterparties and trade repositories with regard to regulatory technical standards on the clearing obligation for certain credit derivative contracts. The Delegated Regulation comes into force 20 days after publication in
In my blog post of April 14th, I discussed what I referred to as the curious case of the penalty that Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) had imposed on a bank. On April 17th, FINTRAC called with some information relevant to both the contents of my post
The FCA has published its key findings from a 2015 thematic review about benefits provided and received by firms conducting MiFID business, and those carrying out regulated activities in relation to a retail investment product. The FCA is not publishing a thematic report as the thematic review will be taken into account in the FCA’s
The PRA has issued Policy Statement 15/16: Liquidity: switch from FSA returns to ALMM returns (PS15/16).
In PS15/16 the PRA finalises the date of changes to liquidity reporting rules ahead of the introduction of EU requirements to report additional liquidity monitoring metrics (ALMM). These changes will take effect on 22 April 2016.
As a result
Payments UK has announced that the ISO 20022 message guidelines have been published after gaining international approval from the ISO 20022 Registration Management Group. The published guidelines are the first in a series. The aim is to develop a catalogue of guidelines covering all the ISO 20022 messages that may be used for real-time payments.
The Lending Standards Board (LSB) has published a report of the findings from a standards development review of consumers in vulnerable circumstances. The research found that whilst most firms are at the beginning of their vulnerability journey, they recognise that vulnerability should be at the ‘forefront and conscience of everyone’s minds’, at every stage of
The European Money Markets Institute (EMMI) has published a statement announcing that it has adopted an intraday re-fixing policy for the Euro Interbank Offered Rate (EURIBOR). The implementation of the re-fixing policy is expected for July 2016, subject to the readiness of the supporting technical infrastructure. EMMI will provide further details on the implementation date
The European Securities and Markets Authority (ESMA) has published a paper approving six high-level principles guiding the interaction with stakeholders in the course of peer reviews with the objective to obtain relevant background information. The principles build on ESMA’s current practices and are intended to respond to the following key questions:
The Payment Systems Regulator (PSR) has published Consultation Paper 16/11: PSR regulatory fees 2016/17 (CP16/11). CP16/11 sets out decisions and proposals for consultation on how fees for the PSR’s functions under the Financial Services (Banking Reform) Act 2013 (FSBRA) and the EU Interchange Fee Regulation (IFR) for the financial year 2016/17 will be allocated, calculated