On 25 June 2021, the PRA issued ‘Consultation Paper 13/21: Occasional Consultation Paper – June 2021’ (CP13/21).
In CP13/21 the PRA sets out proposals to make minor amendments to PRA rules, supervisory statements, reporting data items and instructions, the Branch Return and associated guidance and notes. In particular:
On 24 June 2021, the European Commission, the European Central Bank in its banking supervisory capacity (ECB Banking Supervision), the European Banking Authority and the European Securities and Markets Authority (together the authorities) issued a joint public statement strongly encouraging market participants to use the time remaining until the cessation or loss of representativeness
On 24 June 2021, the European Commission extended by an additional year the current transitional regime regarding the capital requirements that EU banks and investment firms must maintain when exposed to non-EU central counterparties. The transitional regime will now continue to apply until 28 June 2022.
However, this is the last and final extension possible
On 24 June 2021, the European Banking Authority (EBA) updated its report on the monitoring of Additional Tier 1 (AT1) instruments including an update on the monitoring of the implementation of the EBA’s opinion on legacy instruments and its considerations on environmental, social and governance (ESG) capital bonds. The
On 23 June 2021, the European Banking Authority (EBA) issued a consultation proposing amending implementing technical standards (ITS) on supervisory reporting with regards to COREP and asset encumbrance reporting as well as the reporting for the purposes of identifying global systemically important institutions (G-SIIs).
The ITS have been developed
On 24 June 2021, the FCA published Consultation Paper 21/9: Proposed decision under Article 23D BMR for 6 sterling and yen LIBOR settings (CP21/9).
In CP21/9 the FCA is consulting on a proposal to use its Article 23D(2) powers introduced through amendments to the onshored Benchmarks Regulation (BMR) under the Financial
On 24 June 2021, the European Banking Authority (EBA) issued a consultation regarding amendments to the Regulatory Technical Standards (RTS) on credit risk adjustments in the context of the calculation of the risk weight (RW) of defaulted exposures under the Standardised Approach (SA). The proposed amendments follow
On 24 June 2021, HM Treasury issued a call for evidence regarding the onshored Securitisation Regulation.
Article 46 of the onshored Securitisation Regulation places a legal obligation on HM Treasury to review the functioning of the Regulation and lay a report in Parliament by 1 January 2022. There are a number of areas in this
On 24 June 2021, there was published in the Official Journal of the EU Commission Implementing Regulation (EU) 2021/1018 of 22 June 2021 amending the implementing technical standards laid down in Implementing Regulation (EU) 2021/7637 as regards the disclosure of indicators of global systemic importance, and repealing Implementing Regulation (EU) No 1030/2014.
Article 131 of
We have published a new online briefing note ‘The FCA’s proposed new Consumer Duty: 10 things to know’