On 26 April 2023, the FCA published Market Watch 73. In this Market Watch, the FCA discusses the observations and findings from its recent market abuse peer review into firms that offer Contracts for Difference (CFDs) and spread bets, both of which are particularly vulnerable to being used for insider dealing due
On 26 April 2023, HM Treasury announced that the Economic Secretary has re-established the Asset Management Taskforce. The Taskforce is an influential forum convening senior leadership from industry and the FCA to identify and harness the potential of innovative new technologies for the UK asset management industry. Five new senior executives from the UK’s investment
On 25 April 2023, the FCA published a speech by its Executive Director of Markets and Executive Director of International, Sarah Pritchard, at City Week 2023. The speech focuses on the regulation of digital assets in the UK.
In her speech, Ms Pritchard notes the rapid growth in digital assets in the UK.
On 25 April 2023, the European Banking Authority (EBA) published a report containing final draft regulatory technical standards (RTS) that specify how originator institutions are to determine the exposure value referred to in Article 248(1)(e) of the Capital Requirements Regulation (CRR) (as amended by Regulation 2021/558), taking into account
On 25 April 2023, the Bank of England (BoE) published a statement on the renewed Real-Time Gross Settlement (RTGS) service. In the statement, the BoE confirms that the renewed service will take effect from June 2024 and will deliver benefits across a number of areas.
RTGS lies at the heart of
In the latest in our podcast series, split the difference, which explores divergence between the EU and UK regulatory regimes in the markets space, Floortje Nagelkerke, Hannah Meakin, Anna Carrier, Lucy Axford and Simon Lovegrove discuss the recent and upcoming changes to EMIR. This includes the EMIR 3.0 proposal, the clearing obligation for pension
On 24 April 2023, the European Banking Authority (EBA) published a consultation paper on draft guidelines on the benchmarking of diversity practices including diversity policies and gender pay gap under the Capital Requirements Directive IV (CRD IV) and the Investment Firms Directive (IFD).
The draft guidelines are addressed to
On 24 April 2023, the FCA announced a series of measures designed to reduce the risk of money laundering via the Post Office. The FCA brought together partners, including the National Economic Crime Centre, industry and government to strengthen controls whilst seeking to ensure that legitimate customers can continue to use the Post Office for