On 15 April 2025, the European Banking Authority (EBA) published its benchmarking report on remuneration and gender pay gap for institutions and investment firms.
Background
The EBA collects remuneration and gender pay gap data from national competent authorities for benchmarking under the Capital Requirements Directive and the Investment Firms Directive (IFD)
On 14 April 2025, the Council of the EU formally adopted the ‘Stop-the-clock’ Directive under the Omnibus I package. The Directive postpones the dates of application of certain corporate sustainability reporting and due diligence requirements, as well as the transposition deadline of the due diligence provisions.
The Omnibus I package was adopted by the European
On 15 April 2025, the Financial Stability Board (FSB) published its finalised Format for Incident Reporting Exchange (FIRE), a global standardised format aimed at streamlining cyber and operational incident reporting and enhancing cross-border cooperation.
FIRE is a common framework that financial firms can use to report operational incidents, including cyber
On 15 April 2025, the European Securities and Markets Authority (ESMA) published draft regulatory technical standards (RTS) and a final report on its guidelines on liquidity management tools (LMTs).
Background
The revised Alternative Investment Fund Managers (AIFMs) Directive (AIFMD) and Undertakings for Collective Investment in
On 15 April 2025, the Financial Conduct Authority (FCA) announced that it is establishing a presence in the United States and Asia-Pacific (APAC) for the first time, in accordance with its new strategy for 2025-2030.
In the United States, the FCA’s Tash Miah has started working at the British Embassy in
On 14 April 2025, the Financial Conduct Authority (FCA) published the findings from its multi-firm review of how retail banks and building societies approach the treatment of customers in vulnerable circumstances that involve bereavement and power of attorney (PoA), highlighting examples of good practice and areas for improvement.
Background
As part
On 14 April 2025, the Financial Conduct Authority (FCA) published the latest edition of the Regulatory Initiatives Grid from the Financial Services Regulatory Initiatives Forum. The Forum is made up of representatives of the Bank of England, the Competition and Markets Authority, the FCA, the Financial Reporting Council, HM Treasury, the Information Commissioner’s
On 11 April 2025, the Prudential Regulation Authority (PRA) announced that it was offering a modification by consent (MbC) to modify Article 11 (1)(d)(ii) of the Liquidity Coverage Ratio part of the PRA Rulebook.
The MbC allows a firm that has incorrectly applied a rule regarding third country covered bonds’ inclusion
On 11 April 2025, the Financial Conduct Authority issued Occasional Paper 66 – Playing the market: a behavioural data analysis of digital engagement practices and investment outcomes. In the Occasional Paper the authors draw upon a large representative sample of consumer data from several trading app firms (platforms that allow users to buy and
On 11 April 2025, the Financial Conduct Authority (FCA) published its observations following a multi-firm review of trading apps.
Background
The FCA conducted the review as it wanted to understand how retail customers were using trading apps. It looked at the business models, product offerings and services of 12 trading app firms.