The European Securities and Markets Authority (ESMA) has published a speech given by Patrick Armstrong, Senior Risk Analysis Officer in ESMA’s Innovation and Products Team. The speech is entitled Financial Technology: Applications within the Securities Sector.
Points of interest in the speech include:
The European Central Bank (ECB) has published a consultation paper in the form of a questionnaire on expected volumes in the proposed TARGET instant payment settlement (TIPS). TIPS is intended to be a harmonised and standardised pan-EU settlement service for instant payments with a common functionality across different countries and jurisdictions.
The FCA has published a page on its website concerning its expectations of firms advising on pension transfers. The FCA states that it is aware that some firms have been advising on pension transfers or switches without considering the assets in which their client’s funds will be invested. The regulator is concerned that consumers receiving
The FCA has updated its webpage on investment advisers’ and authorised firms’ responsibilities when accepting business from unauthorised introducers or lead generators.
The FCA is concerned at the increase it has seen in cases in which the introducer has an inappropriate influence on how the authorised firm carries out its business, in particular, where the
The Financial Stability Board (FSB) has published the following reports:
In the first report the FSB states that there is no immediate case for harmonising regulatory approaches to re-hypothecation. However, the
There has been published in the Official Journal of the EU corrigenda to both the Capital Requirements Regulation and the Capital Requirements Directive IV.
The Wolfsberg Group, the Banking Commission of the International Chamber of Commerce and the BAFT (an international banking association) have jointly published, Trade Finance Principles. This document updates the earlier Wolfsberg Group paper on trade finance principles that was last updated in 2011.
Essentially, the Trade Finance Principles outline the role of financial institutions
The Bank of England (BoE) has published a speech given by Chris Salmon, Executive Director, Markets, BoE. The speech is entitled Market Functioning.
At the beginning of his speech Mr Salmon covers the sterling FX market and the lessons learnt from two particular episodes last year: the period immediately following the EU
The Economic Secretary to the Treasury, Simon Kirby MP, has issued a written statement confirming that the Government has decided not to opt in to Article 31(1) of the proposed new Prospectus Regulation.
Article 31(1) of the Regulation requires that where Member States have chosen to pursue a criminal sanctions regime for breaches of elements
The FCA has published a speech given by Peter Andrews, FCA Chief Economist, on behavioural finance. In his speech, Mr Andrews argues that policy makers can better answer certain questions by adopting a ‘multi-perspective’ approach and by blending traditional economic expertise with insights from other fields and drawing on developments in areas like machine learning