On 30 July 2024, the Climate Resilience Dialogue published its final report.
The Climate Resilience Dialogue is a temporary group of stakeholders set up at the initiative of the European Commission (Commission) to discuss ways to narrow the climate protection gap and increase the resilience of the economies and societies to the
On 29 July 2024, the Financial Conduct Authority (FCA) published its Secondary International Competitiveness and Growth Objective (SICGO) report 2023/24, in fulfilment of its obligation under the Financial Services and Markets Act 2023, section 26. The FCA also published a set of SICGO metrics to show the impact of its
On 29 July 2024, the Financial Conduct Authority (FCA) launched a call for input on its review of FCA requirements following the introduction of the Consumer Duty. Through the call for input, the FCA is seeking views on whether, where and how it can refine its retail conduct rules, while ensuring it continues
On 29 July 2024, the Payment Systems Regulator (PSR) published its second Annual Review of Specific Direction 12 (SD12), which was designed to ensure LINK continues to maintain a broad geographic spread of free-to-use ATMs.
SD12 was issued to LINK in March 2022, replacing previous Specific Directions that had been in
On 29 July 2024, the Prudential Regulation Authority (PRA) published a Policy Statement, PS14/24, on the leverage ratio treatment of omnibus account reserves and minor amendments to the leverage ratio framework. PS14/24 includes feedback to responses the PRA received to its Consultation Paper, CP28/23, and sets out its final policy.
Background
On 29 July 2024, the Financial Conduct Authority (FCA) published a statement of policy on cost benefit analyses (CBAs). The statement of policy, which has been published following the establishment of an independent CBA Panel, sets out how the FCA carries out its CBA.
The FCA is required under the Financial
We have published a new online briefing note on the European Union’s new AML/CFT regime.
Our online briefing note is here.
The US Supreme Court’s ruling on the Chevron doctrine in Loper Bright Enterprises v. Raimondo (Loper), will profoundly impact multiple industries regulated by federal agencies that have grown accustomed to being the ultimate arbiter of ambiguous language in their applicable laws, rules and regulations. Those days are over—courts no longer have to defer
On 26 July 2024, the European Central Bank (ECB) issued a press release stating that it had concluded its cyber resilience stress test which found that overall supervised banks have response and recovery frameworks in place, but areas for improvement remain. The outcome of the test will feed into the 2024 Supervisory Review