On 9 July 2024, the Payment Systems Regulator (PSR) published a document setting out the figures it will use to calculate the regulatory fees for each PSR fee payer in 2024/25.
The PSR publishes a similar document each year to set out the updated figures. More information on the way PSR fees are
On 9 July 2024, the Basel Committee on Banking Supervision published a consultative document on Principles for the sound management of third-party risk.
The Principles contained in the consultative document are intended to supersede those in the 2005 Joint Forum paper Outsourcing in financial services specifically for the banking sector. There are 12 high-level principles
On 9 July 2024, the European Securities and Markets Authority (ESMA) published the results of its fifth stress test exercise for central counterparties (CCPs).
Whilst the stress test confirmed the overall resilience of the EU clearing landscape it also found that some gaps persist in the coverage of concentration risk across
On 5 July 2024, the Bank of England (BoE) published a 3-year roadmap for implementing its refreshed data and analytics (D&A) strategy, along with a summary of recent progress. The BoE’s Executive Director for Data and Analytics Transformation and Chief Data Officer, James Benford, also delivered a speech on topic at
On 8 July 2024, the European Banking Authority (EBA) issued a consultation on draft regulatory technical standards (RTS) specifying the conditions and the criteria to assess whether the credit valuation adjustment (CVA) risk exposures arising from fair-valued securities financing transactions (SFTs) are material, as well as the
On 8 July 2024, the European Securities and Markets Authority (ESMA) issued two consultation papers on liquidity management tools (LMTs) for funds.
The first consultation covers draft regulatory technical standards (RTS) on LMTs under the Alternative Investment Fund Managers Directive (AIFMD) and the UCITS Directive. The second
On 5 July 2024, the Financial Conduct Authority (FCA) published an update on the Overseas Funds Regime (OFR), providing new information on landing slots for firms that are currently in the temporary marketing permissions regime (TMPR).
The FCA states that it will issue a ‘direction’ to each fund operator