On 26 March 2018, the European Central Bank (ECB) published its Annual Report on supervisory activities 2017.
In her introductory interview to the Annual Report, Danièle Nouy (Chair of the Supervisory Board, ECB) discusses, among other things, Brexit mentioning:
“But the changes triggered by Brexit go beyond the relocation of some banks that operate from
On 22 March 2018, the European Central Bank (ECB) published a speech by Executive Board Member Sabine Lautenschläger entitled Banking regulation and supervision – you can’t have one without the other.
In her speech Ms Lautenschläger argues that despite the single rulebook banking regulation in the EU remains fragmented and that banking union is
On 23 March 2018, the European Securities and Markets Authority updated its Q&As on the implementation of the Market Abuse Regulation. A new question and answer has been added concerning the disclosure of inside information related to Pillar II requirements.
On 23 March 2018, the European Securities and Markets Authority updated its Q&As on the Benchmarks Regulation (BMR). The updated Q&As include one new answer on the following topic: requirements applicable to supervised contributors during the BMR’s transitional period.
On 23 March 2018, the European Securities and Markets Authority updated its Q&As regarding the implementation of the Central Securities Depositories Regulation. New questions and answers have been added to the following topics: authorisation and supervision, conduct of business rules and requirement for central security depository links.
On 23 March 2018, the European Securities and Markets Authority updated its Q&As on the implementation of investor protection topics under MiFID II / MiFIR. New questions and answers have been added to the following topics: inducements, post-sale reporting, information on costs and charges and other issues (the meaning of the term ‘ongoing relationship’).
On 23 March 2018, the FCA published Handbook Notice No. 53. This Handbook Notice describes the changes to the FCA Handbook and other material made by the FCA board under its legislative and other statutory powers on 22 February 2018 and 22 March 2018. It also describes changes made by the board of the
On 22 March 2018, the Bank of England (BoE) published a speech given by Dave Ramsden (Deputy Governor for Markets and Banking, BoE) entitled The Bank of England – Open to Fintech. In his speech Mr Ramsden states that the BoE is setting up a new Fintech Hub that will sit at the heart
On 23 March 2018, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2018/480 of 4 December 2017 supplementing Regulation (EU) 2015/760 of the European Parliament and of the Council with regard to regulatory technical standards on financial derivative instruments solely serving hedging purposes, sufficient length of the life
On 23 March 2018, the Financial Stability Board (FSB) launched a survey seeking responses from financial institutions and other reporting entities on issues they may face with legal barriers to the reporting of full transaction information about over-the-counter (OTC) derivatives. The deadline for responding to the survey is 25 April 2018.
FSB members have raised