February 2017

There has been published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2017/323 of 20 January 2017. This Delegated Regulation makes certain corrections to Article 37 of Delegated Regulation (EU) 2016/2251 supplementing the European Market Infrastructure Regulation with regard to regulatory technical standards on risk mitigation techniques for uncleared…

The European Commission (Commission) has published a staff working document which provides an assessment of EU equivalence decisions in financial services policy. The staff working document:

  • provides a factual overview of third-country provisions in EU financial services legislation;
  • examines the current legal framework and interactions with supervisory work within the EU and with

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The Committee on Payments and Market Infrastructure (CPMI) has published a report on distributed ledger technology (DLT) in payment, clearing and settlement.

The report aims to provide an analytical framework for central banks and other authorities to review and analyse DLT arrangements with the objective of helping market participants understand the…

In April 2016, Canadian news media reported that the Financial Transactions Reports Analysis Centre (FinTRAC) had levied a penalty of over $1 million against an unnamed Canadian bank for certain violations of its anti-money laundering requirements.  Since then, FinTRAC has continued to face criticism from the public and the media for its decision…

HM Treasury has published a consultation paper and draft statutory instrument on the transposition of the Insurance Distribution Directive (2016/97/EU) (IDD) into UK law. The Government plans to implement the IDD into UK law by 23 February 2018. Accordingly, responses are invited to the proposals set out in the drat statutory instrument by 22 May 2017.

On 29 November 2016, we blogged that the FCA released Consultation Paper 16/38: DRT 2.5 change: delay in the disclosure of inside information (CP16/38) setting out proposed amendments to its Handbook in order to comply with the European Securities and Markets Authority’s (ESMA) guidelines on the delay in the disclosure of…

The FCA has published its latest Handbook Notice (No.41) in which it sets out the FCA Handbook and other material made by the FCA Board on 23 February 2017 and the changes to the rules, guidance and standard terms also made by the Financial Ombudsman Service Board on 8 February 2017.

On 23 February 2017,…

The Basel Committee on Banking Supervision (Basel Committee) has published an updated version of its FAQs on the net stable funding ratio (NSFR). The updated FAQs now include a new answer concerning the treatment of reverse repo and secured funding transactions and excess over-collateralisation.

View BCBS updates FAQs on Basel III…

The FCA has published its latest Data Bulletin. The Data Bulletin is the main channel for the FCA’s publication and analysis of data stories, released around once a quarter. In this issue of the Data Bulletin the FCA focuses on insights from its consumer contact centre, as well as the latest trends in the retirement…