The Single Resolution Board (SRB) has published its 2017 policy statement on the minimum requirement for own funds and eligible liabilities (MREL), which serves as a basis for setting consolidated MREL targets for banks under the remit of the SRB. Among other things the policy statement mentions that the SRB is
2017
Progress report on the implementation of principles for effective supervisory colleges

The Basel Committee on Banking Supervision has issued an updated Progress report on the implementation of principles for effective supervisory colleges. To address ongoing challenges related to the effectiveness of supervisory colleges, the Basel Committee identifies a set of sound practices, which include placing emphasis on the work between (or outside) formal college meetings…
FCA Policy Statement on Benchmarks Regulation


The FCA has published Policy Statement 17/28: Handbook changes to reflect the application of the EU Benchmarks Regulation – Feedback to CP17/17 and near-final rules (PS17/28).
In PS17/28 the FCA provides feedback to the responses it received to its earlier consultation on the implementation of the Benchmarks Regulation (Consultation Paper 17/17)…
FCA updates documents on reporting transparency information under AIFMD


The FCA has published an updated version of its questions and answers document on reporting transparency information to the FCA. The document does not constitute FCA rules or guidance, but provides information to alternative investment fund managers about:
- who is required to report transparency information;
- what transparency information must be reported;
- how the FCA will
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FIA white paper on the impact of a no-deal Brexit on the cleared derivatives industry

The Futures Industry Association (FIA) has published a white paper entitled ‘The impact of a no-deal Brexit on the cleared derivatives industry’.
FIA makes several key recommendations in the white paper. Among these recommendations, FIA strongly encourages the UK and EU27 to agree to a transitional arrangement comprised of a standstill period…
FCA statement on EU withdrawal
The FCA has published a statement on its website concerning the UK’s withdrawal from the EU.
The statement reads:
“On December 15 2017 The European Council confirmed that sufficient progress had been made to move to the second phase of negotiations related to transition (the ‘implementation period’) and the framework for the future relationship between…
BoE and PRA set out updated approach to authorisation and supervision of international banks and CCPs
The PRA has published Consultation Paper 29/17: International banks: the PRA’s approach to branch authorisation and supervision (CP29/17). In CP29/17 and the accompanying draft Supervisory Statement, the PRA sets out proposals for a new approach to branch authorisation and supervision of international banks. The proposals contain a general approach, applicable to all branches.…
New rules make EU issuers’ annual financial reports machine-readable

The European Securities and Markets Authority (ESMA) has published final draft regulatory technical standards (RTS) setting out the new European Single Electronic Format (ESEF). Starting from 2020, this format shall be used by all issuers to prepare their annual financial reports. ESMA also publishes a reporting manual and detailed…
ESMA updates MiFID II trading halts procedure

The European Securities and Markets Authority has published a revised procedure and template to be used by Member State national competent authorities for the purpose of reporting the parameters used by trading venues under their jurisdiction for halting trading in accordance with Article 48(5) of MiFID II.
EBA publishes Discussion Paper on EU implementation of the revised market and counterparty credit risk frameworks

The European Banking Authority (EBA) has published a Discussion Paper on the implementation in the EU of the revised market risk and counterparty credit risk frameworks, i.e. the Fundamental Review of the Trading Book (FRTB) and the Standardised Approach for Counterparty Credit Risk (SA-CCR). The Discussion Paper discusses some…