On 24 April 2024, the European Securities and Markets Authority (ESMA) published a follow up report which sets out the main outcomes of the global central counterparty (CCP) fire drill that took place during the week starting 13 November 2023. The exercise involved over 30 global CCPs running a simulation of
On 24 April 2024, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2024/857 of 1 December 2023 supplementing the Capital Requirements Directive IV (CRD IV) with regard to regulatory technical standards specifying a standardised methodology and a simplified standardised methodology to evaluate the risks
On 24 April 2024, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2024/856 of 1 December 2023 supplementing the Capital Requirements Directive IV (CRD IV) with regard to regulatory technical standards specifying the supervisory shock scenarios, the common modelling and parametric assumptions and what
On 24 April 2024, there was published in the Official Journal of the EU (OJ), Commission Implementing Regulation (EU) 2024/855 of 15 March 2024 amending the implementing technical standards laid down in Implementing Regulation (EU) 2021/451 as regards rules on the supervisory reporting of interest rate risk in the banking book.
Commission Implementing
On 22 April 2024, the Prudential Regulation Authority (PRA) and the Bank of England (BoE) published a joint letter to the Secretary of State for Science, Innovation and Technology, Michelle Donelan, and the Economic Secretary to the Treasury, Bim Afolami. The letter is a response to a joint letter, dated
On 23 April 2024, the European Parliament’s Economic and Monetary Affairs Committee (ECON) published its report on the proposal for a Regulation establishing a European Deposit Insurance Scheme. On 18 April 2024, the European Parliament issued a press release stating that the ECON had adopted the report. The file will be followed up
On 22 April 2024, the European Parliament issued a press release stating that it had adopted its position at first reading on the draft Directive on payment services and electronic money services in the internal market (PSD3) and the draft Payment Services Regulation (PSR).
The press release provides that MEPs adopted
On 23 April 2024, the Financial Conduct Authority (FCA) published Consultation Paper 24/8 ‘Extending the Sustainability Disclosure Requirements regime to portfolio management’ (CP24/8). In CP24/8 the FCA sets out proposals to extend the Sustainability Disclosure Requirements (SDR) and investment labels regime to portfolio management services.
Background
On 25 October
On 23 April 2024, the Financial Conduct Authority (FCA) published its finalised non-handbook guidance (FG24/3) on the anti-greenwashing rule. The guidance is intended to help firms understand and comply with the anti-greenwashing rule, which comes into force on 31 May 2024.
Background
The anti-greenwashing rule is part of a package of measures the
In the second in our series of Regulation Tomorrow Plus podcasts on the FCA’s intervention in the motor finance sector, we take a detailed look at the Financial Ombudsman Service (FOS)’s decisions upholding specific complaints in relation to historical discretionary commission arrangements. The decisions were one of the catalysts for the action the