In this edition of Regulation Around the World we review the position regarding beneficial ownership registers which has come into the spotlight following work by the Financial Action Task Force and the introduction of reforms in a number of jurisdictions. Identifying beneficial owners has always been a difficult task for both regulators and financial institutions
On 24 March 2023, the European Banking Authority (EBA) published a Consultation Paper on draft Regulatory Technical Standards (RTS) on the assessment methodology under which Member State competent authorities (NCAs) verify an institution’s compliance with the internal models approach as per Article 32az(8) of the revised Capital Requirements Regulation
On 24 March 2023, the European Securities and Markets Authority (ESMA) published Guidelines on central counterparty (CCP) recovery plan scenarios.
These Guidelines are based on Article 9(12) of the Regulation on a framework for the recovery and resolution of CCPs (CCPRRRR). The objectives of these Guidelines are to establish
On 24 March 2023, the European Securities and Markets Authority (ESMA) published Guidelines on central counterparty (CCP) recovery plan indicators.
These Guidelines are based on Article 9(5) of the Regulation on a framework for the recovery and resolution of CCPs (CCPRRRR). The objective of these Guidelines are to establish
In the first of our financial services ESG insight series, Haney Saadah discusses what he is seeing in the market and some of the key ESG pressure points from a regulatory perspective.
On 24 March 2023, HM Treasury and the FCA issued a statement providing an update on the criminal market abuse regime (the regime). In the Economic Crime Plan 2019-22, the government and FCA committed to jointly reviewing the regime within the wider context of the Future Regulatory Framework (FRF) Review. The statement
On 23 March 2023, the FCA updated their webpage on the Climate Financial Risk Forum (CFRF).
The webpage has been updated to include further Session 3 guides. Written by industry, for industry, these guides build on the CFRF’s previous publications and aim to continue to contribute to the development of effective practice.
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