Another episode of our reactive spin off podcast, Regulation Tomorrow Plus, is available to stream and download. In this episode of Regulation Tomorrow Plus, Jonathan Herbst and Katie Stephen discuss this week’s whistleblowing publications by the FCA and what this might mean for financial services firm.
Regulation Tomorrow Plus and the Regulation Tomorrow Podcast are
Every month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.
Post Trade Distributed Ledger (PTDL) Group is composed of over 40 prominent market infrastructure stakeholders whose shared vision of the use of distributed ledger technology has brought
2021 Financial Crime Outlook Series
Senior management and boards are increasingly acknowledging the threat of financial crime as a critical risk to their business that must be addressed. This has been exacerbated in the last 12 months through the impact of the pandemic as well as rising domestic and international tensions. Our financial crime compliance
On 24 March 2021, the Department for Business, Energy & Industrial Strategy published a Consultation Paper on proposals to mandate climate-related financial disclosures by:
On 19 March 2021, there was published in the Official Journal of the EU (OJ) Commission Implementing Regulation (EU) 2021/451 of 17 December 2020 laying down implementing technical standards for the application of Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to supervisory reporting of institutions and
On 24 March 2021, the Working Group on Sterling Risk-Free Reference Rates, the FCA and the Bank of England (BoE) issued a joint statement welcoming the FICC Markets Standards Board’s (FSMB) publication of a proposed standard recognising the conduct and systemic risk advantages associated with a broad-based adoption of SONIA compounded
On 24 March 2021, the European Commission issued a targeted consultation on instant payments. The Commission also published a strategy for the initiative on instant payments in the EU.
The targeted consultation will inform the Commission on remaining obstacles as well as possible enabling actions that it could take to ensure a wide availability and
On 24 March 2021, the European Securities and Markets Authority (ESMA), published an updated statement on the application of the key provisions of the Benchmark Regulation (BMR). The update specifies the EU’s regulatory approach towards UK-based third country benchmarks as well as UK endorsed and recognised benchmarks.
The statement notes that
On 24 March 2021, the PRA published Policy Statement 4/21’Depositor protection: Identity verification’ (PS4/21).
In PS4/21 the PRA provides feedback to Consultation Paper 3/21 ‘Depositor protection: Identity verification’ (CP3/21). In CP3/21 the PRA proposed to:
On 24 March 2021, the FCA issued a statement on its website concerning a review of the approach to the UK’s derivatives trading obligation (DTO).
In December the FCA published a statement on its use of the Temporary Transitional Power (TTP) to modify the application of the DTO. In that statement