On 24 September 2021, the FCA published a speech by Sheldon Mills (Executive Director, Consumers and Competition, FCA) entitled A regulatory perspective: measuring and assessing culture, now and in the future, the role of purpose and the importance of D&I.
Highlights in the speech include:
On 23 September 2021, the Joint Money Laundering Steering Group (JMLSG) published:
On 24 September 2021, HM Treasury issued a consultation setting out proposed changes to the Cash Ratio Deposit Scheme.
The Cash Ratio Deposit (CRD) scheme funds the Bank of England’s (BoE) monetary policy and financial stability functions. Under the scheme, banks and building societies with eligible liabilities of more than £600
On 24 September 2021, the European Securities and Markets Authority (ESMA) published a letter it had sent to the European Commission regarding the implementation of the Central Securities Depositories Regulation (CSDR), urging it to consider a delay of the mandatory buy-in regime.
As the final Commission legislative proposal for the review
On 24 September 2021, the European Banking Authority (EBA) launched its regular EU-wide transparency exercise, whose results are expected to be published at the beginning of December. As in the past, the exercise is exclusively based on supervisory reporting data, which will keep the burden for the banks to a minimum. Transparency
On 24 September 2021, the European Securities and Markets Authority (ESMA) issued a final report containing guidelines on settlement fails reporting under Article 7 of the Central Securities Depositories Regulation (CSDR). ESMA has produced the guidelines in order to ensure the consistent application of Article 7(1) of the CSDR as supplemented
On 24 September 2021, the European Securities and Markets Authority (ESMA) published a final report containing guidelines on methodology, oversight function and record keeping under the Benchmarks Regulation.
The guidelines aim at providing guidance to financial market participants and Member State competent authorities on the application of the requirements relating to the use
On 24 September 2021, the European Securities and Markets Authority (ESMA) issued a consultation paper on the review of the Short Selling Regulation (SSR).
In the consultation paper ESMA conducts a systematic review of the provisions of the SSR. Among other things ESMA sets out suggestions for operational improvements and policy
On 22 September 2021, the FCA published a speech by its CEO, Nikhil Rathi, entitled Seizing opportunity – challenges and priorities for the FCA.
Key points in the speech include:
On 22 September 2021, the PRA published a speech by its CEO, Sam Woods. The speech is entitled ‘Prudentist’.
In his speech Mr Woods sets out the PRA’s future work. He mentions that there are a number of priorities for the PRA to focus on including updating the PRA’s operating model to reflect changes