On 24 May 2023, the Basel Committee on Banking Supervision (BCBS), the Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a joint report on margin dynamics in centrally cleared commodities markets in 2022.
The report examines margin
On 25 May 2023, the European Systemic Risk Board (ERSB) issued a report which considers the role of financial stability and macroprudential policy for cryptoassets, their service providers and decentralised finance (DeFi) applications. The report also covers the systemic implications of the cryptoasset market, its service providers and DeFi applications in
On 24 May 2023, the European Securities and Markets Authority (ESMA) published a final report on market outages.
On 28 September 2021, ESMA published a review report on algorithmic trading where it committed to provide guidance on how trading venues should communicate with market participants in case of an outage. As such, on
Today, the European Commission (Commission) published its Retail Investment legislative package with the aim of empowering retail investors to take more informed investment decisions that would better correspond to their investment needs and objectives. During the run-up to the Commission’s proposal, a number of issues were intensively debated by policymakers and stakeholders. The
Our new briefing note on the draft Directive on Green Claims is available here
On 23 May 2023, the Lending Standards Board (LSB) published a report on access for d/Deaf customers in banking and credit. The report includes insights and considerations aimed at helping the financial services industry to understand d/Deaf cultures and address remaining areas of inaccessibility for d/Deaf people. Within the report, the LSB looks
On 23 May 2023, the European Central Bank (ECB) published a guide on qualifying holding procedures.
Article 4(1)(c) of the Regulation establishing the Single Supervisory Mechanism (SSM Regulation) gives the ECB exclusive competence to assess acquisitions and increases of qualifying holdings in credit institutions in the countries participating in the SSM.
On 23 May 2023, the European Securities and Markets Authority (ESMA) published a Consultation Paper on draft regulatory technical standards (RTS) under the revised European long-term investment fund (ELTIF) Regulation.
The draft RTS specify the way the new requirements of the revised ELTIF Regulation, in particular on the redemption
On 23 May 2023, the International Organization of Securities Commissions (IOSCO) published a consultation report containing 18 proposed recommendations intended to help IOSCO members apply IOSCO’s Objectives and Principles for Securities Regulation and relevant supporting IOSCO standards, recommendations and good practices to crypto-asset activities within their jurisdictions.
The proposed recommendations cover six key
Our latest episode of Regulation Tomorrow Plus is now available and can be found here. In this podcast, Senior Knowledge Lawyer Catherine Pluck is joined by Counsel Joe Smallshaw and Associate Lizzie Cox, both of whom specialise in regulatory investigations and enforcement, to discuss some of the key themes arising from the UK Financial