- 19 August 2024 –On 17 May 2024, the European
Key dates next week
PSR sets out next steps on expanding VRPs in the UK
On 15 August 2024, the Payment Systems Regulator (PSR) published the response to its December 2023 call for views which set out initial proposals on how to expand variable recurring payments (VRPs) into new use cases, through a Phase 1 roll-out.
The PSR sees real potential for open banking-enabled account-to-account payments
Let’s talk asset management: Episode 4 – New UK investment research rules
In Episode 4 of our podcast series ‘Let’s talk asset management’ Jonathan Herbst, Hannah Meakin and Anita Edwards discuss the UK Financial Conduct Authority’s final rules for a new option to pay for investment research.
Listen to the episode here.
Let’s talk asset management: Episode 3 – EU Retail Investment Strategy
In Episode 3 of our podcast series ‘Let’s talk asset management’ Frank Herring and Simon Lovegrove discuss the EU Retail Investment Strategy.
Listen to the episode here.
EBA publishes final draft RTS on market risk
On 13 August 2024, the European Banking Authority (EBA) published a final report containing draft regulatory technical standards (RTS) amending delegated regulations on profit and loss attribution requirements, risk factor modellability assessment, and the treatment of FX and commodity risk in the banking book.
Legal basis
The Capital Requirements Regulation 2
FRC discussion paper on the future of digital reporting in the UK
On 13 August 2024, the Financial Reporting Council (FRC) announced the publication of a discussion paper by a cross-regulatory group on the future of digital reporting in the UK.
The group, comprising the Financial Conduct Authority, Companies House, HM Revenue & Customs (HMRC) and the Charity Commission for England and Wales
EBA resolution convergence report and 2025 priorities
On 13 August 2024, the European Banking Authority (EBA) published its European Resolution Examination Programme (EREP) report.
The EREP priorities highlights the topics on which EU banks and resolution authorities need to pay special attention in the next calendar year.
2025 priorities
The EREP priorities for 2025 mainly confirm the areas
FCA update on bond consolidated tape
On 13 August 2024, the FCA published a new web page concerning a bond consolidated tape.
On the web page the FCA sets out its work so far on a bond consolidated tape and sets out next steps.
The next steps include the FCA working with an external provider to finalise the tender design to
FCA update on plan to carry out an independent study on equities consolidated tape
On 13 August 2024, the FCA published a new web page concerning the equities consolidated tape.
The FCA explains that feedback to its earlier consultation shows that interested parties hold different views on whether, and how much, pre-trade data should be included in an equities consolidated tape. It also reminds stakeholders that prior to finalising
EBA consideration on the postponement of the application of the FRTB in the EU
On 12 August 2024, the European Banking Authority (EBA) issued a no-action letter on the boundary between the banking book and the trading book and shared its considerations on technical questions and issues arising from the postponement.
Background
On 24 July 2024, the European Commission (Commission) adopted a Delegated Act in