July 2017

We are pleased to announce the following new dates for our 40 minute briefing series:

Packaged retail and insurance-based investment products (PRIIPs) are increasingly being offered that target specific social or environmental objectives, and not only purely financial objectives. In light of this, article 8(3)(c) of the PRIIPs Regulation requires a section of the key information document (KID) entitled “What is this product?” to outline the

The European Central Bank (ECB) has published a letter from Ms Daniele Nouy, Chair of the ECB Supervisory Board, to the management of significant banks. The letter sets out public guidance on how the ECB expects to be notified of transactions which go beyond the contractual obligations of a sponsor institution or an

The European Systemic Risk Board (ESRB) has published its annual report for 2016.

The report notes that the ESRB continued to identify four main risks to financial stability in the EU, namely:

  • a re-pricing of risk premia in global financial markets;
  • weaknesses in balance sheets of banks, insurers and pension funds;
  • debt sustainability

On Friday, 28 July, French Autorité des Marchés Financiers (AMF) published its guide on funding of research by investment firms under MiFID II (link). This guide follows AMF’s September 2016 consultation on funding of research and the corresponding February 2017 feedback statement. It seeks to provide market participants with additional interpretation and practical

The FCA has published Consultation Paper 17/27: Assessing credit worthiness in consumer credit: Proposed changes to FCA rules and guidance (CP17/27).

In CP17/27 the FCA sets out proposed changes to its rules and guidance on assessing creditworthiness, including affordability, in consumer credit to clarify its expectations of firms.

Whilst the FCA does not