On 29 January 2024, the European Banking Authority (EBA) launched a voluntary survey to help it deliver its mandate under Article 501(c) of the Capital Requirements Regulation which requires the European Supervisory Authority to provide an assessment of the availability and accessibility of relatable and consistent environmental, social and governance (ESG)
On 29 January 2024, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2024/397 of 20 October 2023 supplementing the Capital Requirements Regulation (CRR) as regards regulatory technical standards (RTS) on the calculation of the stress scenario risk measure.
The RTS foresee two
On 29 January 2024, the EU Platform on Sustainable Finance, an advisory body to the European Commission published a report considering how the EU sustainable finance framework can support and inform the transition efforts of economic actors beyond mere regulatory compliance. It presents a compendium of early market practices, that participants are employing to transform
On 29 January 2024, the European Securities and Markets Authority (ESMA) launched public consultations on two sets of guidelines it is mandated to develop for the purpose of the application of the Regulation on Markets in Crypto-Assets (MiCAR). The draft guidelines cover reverse solicitation and the qualification of crypto-assets as financial
On 26 January 2024, the Board of the International Organisation of Securities Commission (IOSCO) published a consultation report on post trade reduction services (PTRRS).
In 2015, IOSCO published the Risk Mitigation Standards (the Standards), setting out standards aimed at mitigating risk in the non-centrally cleared over-the-counter (OTC) derivatives
On 18 January 2024, members of Norton Rose Fulbright US LLP hosted a webinar to discuss the sweeping impact of California’s new ESG climate disclosure legislation.
The session provides an update on some of the key aspects of California’s recently enacted legislation that requires certain public and private US companies doing business in California to
On 26 January 2024, the FCA published Handbook Notice No. 115.
This 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 14 December 2023, the FCA Board made changes to the FCA Handbook, as set out in the
Solvent Exit Planning: Implications of the PRA proposals in CP2/24
On January 23, 2024, the Prudential Regulation Authority (PRA) published a consultation paper (CP) (CP2/24) outlining its proposals for PRA-regulated insurers to prepare for an orderly ‘solvent exit’ as part of business-as-usual (BAU) activities, and to be able to execute such a solvent
On 25 January 2024, the Bank of England (BoE) published a speech delivered by Victoria Cleland, Executive Director for Payments at the BoE, at the Payments Regulation and Innovation Summit.
In her speech, Ms Cleland discusses how the BoE is enhancing its core payments infrastructure and policies in the light of the opportunities