The European Banking Authority (EBA) has published final draft implementing technical standards (ITS) on the procedures, forms and templates that Member State national competent authorities (NCAs) should use when consulting each other on qualifying holdings. The objective of these ITS is to streamline information exchanges and ensure effective communication
The Hong Kong securities regulator, the Securities and Futures Commission (SFC), will commence a pilot project next month to assess how ‘fintech’ can be used in its regulatory monitoring processes with a view to implementing new systems. A sample group of 20 banks will be participating in the pilot project along with an external technology
The FCA has published a speech given by Megan Butler (Executive Director of Supervision – Investment, Wholesale and Specialists at the FCA). The speech is entitled A more effective approach to combatting financial crime.
Key points in the speech include:
The International Swaps and Derivatives Association (ISDA) has published the paper “The Future of Derivatives Processing and Market Infrastructure” that comes in response to the growing demand from market participants for new solutions to automate and streamline the significant reporting, trading, clearing and collateral management requirements that have emerged as a
The FCA has published a speech given by Megan Butler (Executive Director of Supervision – Investment, Wholesale and Specialists at the FCA). The speech is entitled A more effective approach to combatting financial crime.
Key points in the speech include:
The FCA has published a speech given by Nausicaa Delfas (Director of Specialist Supervision at the FCA). The speech is entitled Our approach to cyber security in financial services firms.
Key points in the speech include:
The FCA has published a speech given by Christopher Woolard (Director of Strategy and Competition at the FCA). The speech is entitled The FCA’s role in promoting innovation.
Key points in the speech include:
The European Banking Authority (EBA) has published final draft implementing technical standards (ITS) on common procedures, forms and templates for the consultation process between Member State national competent authorities (NCAs) for proposed acquisitions of qualifying holdings in credit institutions.
The ITS have been developed according to the CRD IV.
The Payment Accounts Directive (PAD) entered into force on 17 September 2014. It considers vital for consumers to be able to understand fees so that they may be able to compare offers from different payment service providers (PSPs) and make informed decisions as to which payment account is most suitable for
The European Banking Authority (EBA) has published a consultation paper on draft guidelines on the criteria on how to stipulate the minimum monetary amount of the professional indemnity insurance or other comparable guarantee under Article 5(4) of the revised Payment Services Directive (PSD II).
In addition to the criteria, the consultation