On 24 January 2024, the Transition Plan Taskforce (TPT) announced that HM Treasury had extended its mandate until at least 31 July 2024, with a possible further three months extension to the end of October 2024.
The TPT’s mandate has been extended so that it can support the Transition Finance Market Review (
On 23 January 2024, the European Commission published Commission Implementing Regulation of 19 January 2024, amending implementing technical standards laid down in Commission Implementing Regulation (EU) 2016/2070 as regards benchmark portfolios, reporting templates and reporting instructions for the reporting referred to in Article 78(2) of the Capital Requirements Directive IV together with annexes. The amendments
On 22 January 2024, a draft Decree implementing the Markets in Crypto-Assets Regulation (Regulation (EU) 2023/1114, MiCAR) and the Transfer of Funds Regulation (Regulation (EU) 2023/1113, TFR) was published for consultation (the Implementation Decree). Market parties are invited to respond to the draft Implementation Decree by 19 February 2024.
Regarding MiCAR, the
On 23 January 2024, the Network for Greening the Financial System (NGFS) published a technical document, NGFS scenarios: Purpose, use cases and guidance on where institutional adaptations are required.
The NGFS scenarios were introduced in 2020 and have been refined and updated over four iterations. They have assisted central banks, supervisors, and
On 23 January 2024, the Bank for International Settlements’ (BIS) Innovation Hub announced its first six projects for its 2024 work programme. The projects focus on safety and security, green finance and next generation financial infrastructures. Additional work on advanced data analytics and tokenisation are also planned.
Head of the BIS Innovation Hub
On 22 January 2024, there was published on legislation.gov.uk a draft of the Bank of England Levy (Amount of Levy Payable) Regulations 2024.
Schedule 2ZA to the Bank of England Act 1998 makes provision for the Bank of England (BoE) to impose a charge, known as the BoE levy (levy)
On 19 January 2024, the Bank of England (BoE) published a working paper considering in detail the main techniques for resolving large banks and containing the systemic consequences which could arise from their failure.
The paper is published as a tribute to Peter Brierley who served as a BoE official for four decades
On 19 January 2024, the European Securities and Markets Authority (ESMA) published a table which provides an overview of its planned consultations for 2024. The purpose of the table is to help stakeholders with their planning for this year. ESMA will update the table on a regular basis.
On 22 January 2024, there was published in the Official Journal of the EU, Commission Delegated Regulation (EU) 2024/363 of 11 October 2023 amending the regulatory technical standards laid down in Delegated Regulation (EU) 2015/2205 as regards the transition to the TONA and SOFR benchmarks referenced in certain over-the-counter (OTC) derivative contracts.
Commission