In Market Watch 50 the FCA highlighted its increased focus on firms’ systems and controls to prevent market abuse. Our blog entry is here.
The FCA has now published Market Watch 51 in which it reports on a recent review of the market abuse systems and controls currently employed at several firms that engage
On 27 September 2016, the Dutch Central Bank (De Nederlandsche Bank, DNB) published the results of an investigation with regard to the implementation of the European Market Infrastructure Regulation (EU) No 648/2012 (EMIR) by insurers. The investigation took place in the form of a self-assessment, which was sent to banks,
As reported in a previous article, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has organized a public hearing on the prohibition of the marketing, distribution and sale of certificates linked to creditworthiness risks (“credit-linked notes” (Bonitätsanleihen)) to retail clients within the meaning of section 31a (3) of
There has been published in the Official Journal of the EU (OJ) the Commission Delegated Regulation of 7 June 2016 supplementing the Bank Recovery and Resolution Directive with regard to regulatory technical standards specifying a minimum set of the information on financial contracts that should be contained in the detailed records and the
The Bank of England (BoE) has published a speech given by Chris Salmon (Executive Director of Markets at BoE), on the global code of conduct for the foreign exchange (FX) markets (the Code). Points of interest in the speech include the following:
Since 1 January 2016 the FCA has complied with the European Banking Authority’s Guidelines on common procedures and methodologies for the supervisory review and evaluation process (SREP) (the Guidelines) when undertaking a SREP for entities subject to the CRD IV.
The FCA has now published a paper entitled CRD IV Pillar
The Payment Systems Regulator (PSR) has announced that it has received a super-complaint from Which? The super-compliant relates to concerns around consumer safeguards in the market for push payments. Which? is concerned that when consumers are tricked into transferring money to a fraudster via a push payment (such as when the consumer instructs
The FCA has published Handbook Notice 37.
This Handbook Notice introduces the FCA Handbook and other material made by the FCA Board under its legislative powers on 22 September 2016, and rules and standard terms also made by the Financial Ombudsman Service (FOS) on 21 September 2016. It also contains information about other
Articles 180(3)(a), 181(3)(b) and 182(4)(b) of the Capital Requirements Regulation (CRR) empower the European Commission (Commission) to adopt delegated acts specifying conditions according to which Member State national competent authorities may permit institutions to use relevant data covering a shorter time period.
The Commission has now adopted a Delegated Regulation supplementing
Advocate General Michal Bobek has delivered his opinion on BAWAG PSK Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG v Verein für Konsumenteninformation (Case C-375/15). The case considers whether information given by a bank to its customers through an e-banking mailbox is provided (as opposed to merely being made available) through a durable medium