On 31 July 2023, the European Banking Authority (EBA) published a Final Report proposing amendments to the implementing technical standards (ITS) on supervisory reporting regarding interest rate risk in the banking book (IRRBB) reporting requirements. This new harmonised reporting aims to bring the data quality required for assessing IRRBB
On 31 July 2023, the European Commission announced that it had adopted the European Sustainability Reporting Standards (ESRS) for use by all companies subject to the Corporate Sustainability Reporting Directive (CSRD).
The Commission has also published:
On 31 July 2023, the FCA published a report on the cash savings market review 2023. The report analyses the state of competition in the cash savings market, sets out the results the regulator expects to see and the actions needed to achieve these.
The FCA has identified 8 actions it will take and 6
On 28 July 2023, the Joint Money Laundering Steering Group published proposed amendments to Sector 22 (Cryptoasset providers and custodian wallet providers) in Part II of its Guidance. The proposed addition of Annex I to Sector 22 takes account of amendments relating to cryptoasset transfers, as introduced by The Money Laundering and Terrorist Financing (Amendment)
On 28 July 2023, the European Banking Authority (EBA) published findings of an ad-hoc analysis of unrealised losses on debt securities held at amortised cost in EU banks. The ad-hoc analysis is a targeted risk assessment conducted by the EBA in collaboration with Member State competent authorities, which aims at understanding the potential
On 28 July 2023, the European Central Bank (ECB) published the results of a standalone data collection exercise it conducted jointly with the European Banking Authority in Q2 this year on unrealised losses of significant institutions under its direct supervision. The purpose of the exercise was to enhance the ECB’s assessment of risk
On 28 July 2023, the FCA published a Primary Market Technical Note on structured digital reporting for annual financial statements prepared in accordance with international financial reporting standards (IFRS).
The guidance in this Technical Note supplements DTR 4.1 on the preparation and publication of annual financial reports.
The rules and guidance in DTR
On 28 July 2023, the FCA published Handbook Notice No 111.
The Handbook Notice describes the changes to the FCA Handbook and other material made by the FCA Board under its legislative and other statutory powers.
On 29 June 2023, the Board of the FCA made the relevant changes to the Handbook as set
On 28 July 2023, the FCA published the following Instruments:
On 28 July 2023, the Bank of England (BoE) published Consultation Paper CP16/23: Updating UK technical Standards on the identification of global systemically important institutions (G-SIIs) (CP16/23).
The Basel Committee for Banking Supervision (BCBS) implemented changes in 2022 to its framework for assessing the systemic importance global