On 15 July 2024, the European Banking Authority (EBA) issued a report on stacking orders and capital buffers.
The report covers a broad analysis that the EBA conducted on the stacking order of requirements for own funds and eligible liabilities applicable to banks, with a focus on micro-prudential elements. The report describes all
On 15 July 2024, the European Securities and Markets Authority (ESMA) published a speech given by its chair, Verena Ross, at the public hearing on shortening the settlement cycle.
In her speech Ms Ross notes that shorter settlement cycles, or T+1, is a topic that keeps growing in importance particularly since ESMA published
On 12 July 2024, the Bank of England (BoE) and the Financial Conduct Authority (FCA) published an updated set of UK European Market Infrastructure Regulation (UK EMIR) reporting questions and answers (Q&As), which now includes additional topics (in Q&As 6-11) following a May 2024 consultation.
The BoE
On 12 July 2024, the Financial Markets Standards Board (FMSB) issued a transparency draft of a proposed standard for sharing standard settlement instructions (SSIs) and an addendum.
The FMSB was established in response to the Fair and Effective Markets Review in the UK with a mandate to issue clear and
On 12 July 2024, the Payment Systems Regulator (PSR) issued Policy Statement 24/3: The Faster Payments APP scams reimbursement requirement: compliance and monitoring (PS24/3).
In 2023 the PSR published PS23/3 Fighting authorised push payment fraud: a new reimbursement requirement and PS23/4 Fighting authorised push payment scams: final decision. These Policy
On 12 July 2024, the Financial Ombudsman Service (FOS) published its latest annual complaints data and insight.
The annual complaints data shows the volume of complaints the FOS received and overall uphold rates over the course of the financial year, between 1 April 2023 and 31 March 2024.
In terms of the
Earlier this year the UK Financial Reporting Council (FRC) published its plan and budget for 2024-25 (the 24-25 Plan), setting out its revised strategic objectives. The FRC is aiming for a year of “consolidation and prioritisation”, with a key priority being to further embed the FRC’s ‘growth duty’ into all regulatory decision