On 20 April 2022, the Financial Stability Board (FSB) published a letter from its chair, Klaas Knot, to G20 Finance Ministers and Central Bank Governors ahead of their meeting on 20 April.
The letter notes that the Russian invasion of Ukraine triggered large price fluctuations in global financial markets. Thus far, the global financial stability
On 21 April 2022, the industry-led Post-Trade Task Force published its report ‘Charting the Future of Post-Trade’. The report sets out some key challenges where change would be particularly impactful in current post-trade processes. It focusses on three core areas (non-economic trade data, client onboarding and uncleared margin), and makes recommendations to address these
On 22 April 2022, there was published on the legislation.gov.uk website The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2022 together with an explanatory memorandum.
The statutory instrument:
On 20 April 2022, the European Commission adopted a Delegated Regulation supplementing MiFID II with regard to regulatory technical standards (RTS) for the application of position limits to commodity derivatives and procedures for applying for exemption from position limits together with an annex.
When finalised, the Delegated Regulation will replace Commission Delegated Regulation 2017/591
On 12 April 2022, the Council of the EU published a corrigendum to Commission Delegated Regulation of 10 February 2022 amending Commission Delegated Regulation (EU) 2015/61 to supplement the Capital Requirements Regulation with regard to the liquidity coverage requirement for credit institutions.
The main purpose of the Delegated Regulation of 10 February 2022 is to
On 21 April 2022, the Council of the EU published a table regarding the proposed Regulation on information accompanying transfers of funds and certain crypto-assets (recast). The table has three columns setting out the European Commission’s proposal and the European Parliament and Council mandates.
On 20 April 2022, the European Parliament’s Economic and Monetary Affairs (ECON) Committee held its first exchange of views on the European Commission’s (Commission) legislative package on the implementation of the final Basel III standards.
The legislative package includes:
Our latest 20 minute webinar will be taking place on 4 May at 9:00am and will explore the FCA’s Business Plan and future strategy.
In particular, we will discuss the FCA’s newly-defined approach to:
To attend this webinar, please click
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
The Prudential Regulation Authority (PRA) has published its business plan for 2022/23. The plan follows a strategic review following the first 8 years of the prudential regulator. There are now 4 strategic goals (rather than 8). These are: