On 30 April 2024, the Basel Committee on Banking Supervision (Basel Committee) published a consultation on guidelines for counterparty credit risk (CCR) management.
The draft guidelines are intended to provide a supervisory response to the significant shortcomings that have been identified in banks’ management of CCR, including the lessons learned from
On 17 April 2024, the International Swaps and Derivatives Association, Inc. (ISDA) published a whitepaper from ISDA Future Leaders in Derivatives (IFLD), its professional development program for emerging leaders in the derivatives market. The whitepaper, “GenAI in the Derivatives Market: a Future Perspective.”, was developed by the third cohort
In the latest instalment of our Regulation Around the World series, Financial Services partners in over 10 jurisdictions review recent steps that financial services regulatory authorities have taken as regards investment research.
Our global updater is accompanied by further analysis and insights in our Regulation Around the World podcast which is available now to stream
On 29 April 2024, the House of Lords’ International Agreements Committee issued its 9th Report, which considers the UK-Switzerland Agreement on the Mutual Recognition of Financial Services.
The Agreement, which was signed on 21 December 2023 and laid before Parliament on 13 March 2024, aims to facilitate cross-border trade in wholesale financial services.
On 26 April 2024, the Financial Conduct Authority (FCA) published Primary Market Bulletin No 48 (the PMB). In this special edition, the FCA is consulting on changes it proposes to make to guidance in its Knowledge Base in relation to the listing regime, including rules for sponsors, in conjunction with its recent
On 26 April 2024, the Financial Conduct Authority (FCA) published Handbook Notice 118, which describes changes made to the FCA Handbook and other material by the FCA Board under its legislative and other statutory powers within the past month.
The changes described in Handbook Notice 118 are those set out in:
On 25 April 2024, the Financial Conduct Authority (FCA) published Consultation Paper CP24/9 on proposed changes to its Financial Crime Guide (the Guide).
The proposed updates relate to sanctions, proliferation financing and transaction monitoring. In addition, the FCA is proposing to add references to cryptoassets and the Consumer Duty, along with consequential
On 29 April 2024, the Financial Conduct Authority (FCA) published Policy Statement PS24/3 on Consumer Credit: Product Sales Data Reporting, in which it sets out its final rules and guidance for incorporating three new Product Sales Data (PSD) returns into Chapter 16 of its Supervision manual (SUP 16).
The FCA proposed
On 29 April 2024, the European Banking Authority (EBA) published a draft opinion in which it assesses payment fraud data that has recently become available to the EBA, identifies new types and patterns of payment fraud, and develops proposals to mitigate them. The opinion aims at further strengthening the forthcoming legislative framework under
On 29 April 2024, the European Securities and Markets Authority (ESMA) issued a press release which outlines its advice to the Central Bank of Ireland (CBI) and the Commission de Surveillance du Secteur Financier (CSSF) on investment restrictions for GBP Liability-Driven Investment (LDI) funds to ensure their