On 29 November 2016, the Dutch Central Bank (De Nederlandsche Bank, DNB) published its Supervision Outlook 2017 (Toezicht Vooruitblik 2017), in which it sets out its objectives and supervision activities planned for 2017.
In the Supervision Outlook 2017 DNB also describes the risks and challenges in the financial services sector
The FCA has published a Call for Input on high-cost credit, including a review of the high-cost short-term credit (HCSTC) price cap.
The FCA is looking for evidence and feedback in the following areas:
The European Banking Authority (EBA) has published an introductory statement by Andrea Enria, Chairperson of the EBA, at a scrutiny hearing held by the European Parliament’s Committee on Economic and Monetary Affairs (ECON).
The purpose of the scrutiny hearing was to enable the EBA to update ECON on its work to
The Presidency of the Council of the EU has published its latest compromise proposal relating to the proposed Regulation amending the European Venture Capital Funds Regulation and the European Social Entrepreneurship Funds Regulation. The cover note for the compromise proposal states that additions are highlighted by bold underline and deletions are indicated in strikethrough.
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Following up on our inaugural session on November 2, the Norton Rose Fulbright New York office’s second 40-minute financial services briefing is set for this Thursday, December 1. Each month, Norton Rose Fulbright’s senior practitioners will provide interested in-house counsel and professionals with an insightful discussion on current regulatory trends within the financial services sector.
The FCA has published Consultation Paper 16/38: DTR 2.5 changes: delay in the disclosure of inside information (CP16/38). In CP16/38 the FCA sets out proposed amendments to its Handbook in order to comply with the European Securities and Markets Authority’s guidelines on the delay in the disclosure of inside information, specifically DTR 2.5.
On 21 September 2016, there was published in the Official Journal of the EU (OJ) a European Commission (Commission) Delegated Regulation supplementing the Fourth Anti-Money Laundering Directive by identifying high-risk third countries with strategic deficiencies in their national anti-money laundering (AML) and counter terrorism-financing (CTF) networks. Our
The Investment Association has published an updated version of its outsourcing working group (OWG) report which responds to the FSA’s December 2012 Dear CEO letter on asset managers’ outsourcing arrangements. The updated version contains a new addendum which is intended to provide asset managers with further considerations on how they may gain comfort
The FCA has published a letter it has sent to firms that are subject to the annual remuneration round.
The letter provides information ahead of the 2016/17 remuneration round and shares the regulator’s findings and observations from the 2015/16 remuneration round.
Among other things the 2016/17 remuneration round will focus on:
Introduction
The European Commission (the Commission) has published a proposal for a Regulation on the framework for the recovery and resolution of central counterparties (the draft Regulation).
The draft Regulation is intended to ensure that central counterparties (CCPs) are better prepared to recover from financial distress and provide appropriate