On 26 September 2018, the Prudential Regulation Authority (PRA) published a report on the impact of climate change on the UK banking sector (the Report).
The Report examines the financial risks from climate change that impact PRA regulated banks, building societies and designated investment firms, and assesses how banks are responding to and managing the
On 26 September 2018, there was published on the Legislation.gov website the Financial Guidance and Claims Act 2018 (Commencement No. 3 and Transitory Provisions (Modification)) Regulations 2018 (the Regulations).
The Regulations bring into force specified provisions in Part 1 of the Financial Guidance and Claims Act 2018 (c. 10) on 1st October 2018, in order
On 26 September 2018, the Financial Stability Board (FSB) and the International Monetary Fund (IMF) jointly published their third progress report (the Report) on the second phase of the G20 data gaps initiative (DGI-2).
The data gaps initiative was initiated in 2009 following the financial crisis, to bridge information gaps revealed by the financial crisis
On 26 September 2018, the European Securities and Markets Authority (ESMA) updated their Questions and Answers (Q&As) on MiFIR data reporting.
The updated Q&As cover:
Continued scrutiny by authorities, growing focus on conduct, culture and personal accountability and complex regulatory and industry developments are at the forefront of challenges facing compliance and risk functions today. Join members of our Regulatory Compliance Consulting practice as they look at some of these challenges in more detail and explore the practical considerations firms
Norton Rose Fulbright is pleased to be sponsoring the 3rd UK Financial Services Brexit and Beyond Summit. The Summit, organised by City and Financial in partnership with the City of London Corporation, TheCityUK and UK Finance, will explore the implications of Brexit for the financial services industry.
Key themes in this timely programme include
The legislative review of the European Commission proposal amending, amongst other things, the regulations establishing the European Supervisory Authorities (so called “ESAs review proposal”) continues in the Council and in the European Parliament.
The Commission’s proposal has given rise to several contentious issues, in particular some Member States have raised concerns about the undue and
On 25 September 2018, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) voted to adopt the European Commission’s (the Commission’s) proposal for a Regulation on the prudential supervision of investment firms, and a Directive on the prudential supervision of investment firms – which amends the CRD IV Directive and the MiFID II Directive
The FCA has published the latest issue of its newsletter Market Watch (issue 56).
Market Watch is the FCA’s newsletter on market conduct and transaction reporting issues, in this issue the FCA covers:
On 24 September 2018, the FCA published a new webpage on baseline tracking relating to the Financial Advice Market Review (FAMR). The webpage includes new FCA research tracking baseline indicators (the Report). Baseline indicators were identified in the FAMR baseline report published in June 2017. The baseline report was the culmination of the FCA and