On 13 December 2021, the Bank of England (BoE) published its Financial Stability Report for December 2021.
The Financial Stability Report sets out the Financial Policy Committee’s (FPC) view of the outlook for UK financial stability, including its assessment of the resilience of the UK financial system and the main risks
On 13 December 2021, HM Treasury published guidance for the UK Sanctions List as its structure and the format is changing in February 2022. The guidance is for businesses and industry that regularly use the UK Sanctions List and the Office of Financial Sanctions Implementation (OFSI) consolidated list and need to understand the
On 14 December 2021, Transparency International UK (a UK independent anti-corruption organisation) issued a report that explores certain money laundering risks associated with electronic money institutions (EMIs). The report also sets out certain recommendations including that the FCA should conduct a new thematic risk review of the sector. The report also recommends that
On 14 December 2021, the ISDA published a paper ‘Contractual Standards for Digital Asset Derivatives’.
The paper:
On 14 December 2021, the Bank of England (BoE) published its 2021 Annual Report which sets out how it has exercised its responsibilities in respect of supervising financial market infrastructure firms (FMIs) and outlines the BoE’s domestic and international policy work to strengthen the regulatory and supervisory frameworks for FMIs.
Chapter
On 14 December 2021, the Agency for the Cooperation of Energy Regulators (ACER) published the 26th Edition of its Questions and Answers on REMIT. These Q&As contain a summary of frequently asked questions about Regulation (EU) No 1227/2011 of 25 October 2011 on wholesale energy market integrity and transparency (REMIT
On 13 December 2021, the European Banking Authority (EBA) issued a final report on draft Regulatory Technical Standards (RTS) amending the RTS on credit risk adjustments in the context of the calculation of the risk weight (RW) of defaulted exposures under the Standardised Approach (SA) of credit
On 13 December 2021, the International Monetary Fund (IMF) and the World Bank published a report setting out a draft framework and methodology for risk assessment in remittance corridors having the potential of being identified as “safe remittance corridors”.
At its October 2020 Finance Ministers and Central Bank Governors meeting, the G20 endorsed
On 13 December 2021, the Financial Stability Board (FSB) published a paper on the execution of bail-in.
Bail-in is at the core of resolution strategies for global systemically important banks (G-SIBs). Set out in the Key Attributes of Effective Resolution Regimes for Financial Institutions, it is an important tool enabling an
On 13 December 2021, the European Payments Council published: