The UK’s Interbank Payments System Operators – Bacs Payment Schemes Limited, CHAPS, Cheque and Credit Clearing Company, Faster Payments and LINK – have published a new guide entitled, An introduction to the UK’s Interbank Payment Schemes. The guide is intended for use by payments service providers that are considering joining, or thinking of extending
The House of Lords’ European Union Sub-Committee has published its report on Brexit and financial services. The report was prepared by the Sub-Committee on the basis of evidence sessions with nine panels of witnesses, in September, October and November 2016, as well as written evidence. The report has 5 chapters covering:
The Bar Council Brexit Working Group has published a paper covering a range of public interest concerns arising from the UK’s decision to withdraw from the EU. Topics covered include:
The FCA has published a new web page concerning initial advice charges for lump sum investments. The web page is in response to the Financial Advice Market Review (FAMR). It was mentioned in the FAMR report that instalment-based payments could make financial advice more affordable and accessible for some consumers, provided that the
The fourth issue of our Global Asset Management Quarterly is now available. You can also register to automatically receive each issue as it is released.
This publication highlights key developments that will be of interest to, and affect, our asset management clients, including market trends and developments in tax and buy-side regulation globally. Articles in
The fourth issue of our Global Asset Management Quarterly is now available.
This publication highlights key developments that will be of interest to and affect asset managers, including market trends and developments in tax and buy-side regulation globally.
The fourth edition can be found here
The European Banking Authority (EBA) has published a final report on the implementation and design of the minimum requirement for own funds and eligible liabilities (MREL). The report is addressed to the European Commission and is intended to inform the Commission’s legislative proposal on the ‘harmonised application’ of MREL.
The final
The European Banking Authority (EBA) has published final draft regulatory technical standards (RTS) specifying the framework for cooperation and exchange of information between competent authorities for passport notifications under the revised Payment Services Directive. The Commission Delegated Regulation that contains the RTS shall enter into force on the twentieth day following
The European Banking Authority (EBA) has published final guidelines on regulatory disclosure requirements following an update of the Pillar 3 requirements by the Basel Committee on Banking Supervision in January 2015. The guidelines do not change the substance of the regulatory disclosures regarding the requirements defined in Part Eight of the Capital Requirements
The Presidency of the Council of the EU has published its latest compromise proposal for a Directive amending the Fourth Anti-Money Laundering Directive. With respect to the compromise proposal, the new text is marked in underlined bold and deletions indicated in strikethrough.
Our blog entry on the previous compromise proposal can be found here.