Photo of Floortje Nagelkerke (NL)

Dutch financial institutions have been using artificial intelligence (AI) for some time and are experimenting with more advanced AI models suggesting that the use of AI will increase even more in the future. However, the Dutch regulators report that many institutions have indicated that they are reluctant to use generative AI for the

Last November the Financial Conduct Authority (FCA) published Policy Statement 23/16 (PS23/16) containing final rules and guidance on sustainability disclosure requirements (SDR) and investment labels (UK SDR regime). The rules and guidance are currently limited to UK asset managers and essentially the requirements comprise of two components

On 3 May 2024, the European Central Bank (ECB) published a final guide on effective risk data aggregation and risk reporting. The ECB has also published a feedback statement on its earlier consultation on the guide.

The final guide outlines prerequisites for effective risk data aggregation and risk reporting to assist banks in

On 2 May 2024, there was published in the Official Journal of the EU, a Commission Notice on the interpretation and implementation of the transitional provision laid down in Regulation (EU) 2024/791 amending MiFIR as regards enhancing data transparency, removing obstacles to the emergence of consolidated tapes, optimising the trading obligations and prohibiting receiving payment

On 30 April 2024, the European Securities and Markets Authority (ESMA) published the results of the annual transparency calculations for non-equity instruments, bond liquidity data and quarterly systematic internaliser (SI) calculations under MiFID II and MiFIR.

Annual transparency calculations for non-equity instruments

The results of the annual transparency calculations for non-equity

In the latest instalment of our Regulation Around the World series, Financial Services partners in over 10 jurisdictions review recent steps that financial services regulatory authorities have taken as regards investment research.

Our global updater is accompanied by further analysis and insights in our Regulation Around the World podcast which is available now to stream

On 24 April 2024, the European Securities and Markets Authority (ESMA) published a follow up report which sets out the main outcomes of the global central counterparty (CCP) fire drill that took place during the week starting 13 November 2023. The exercise involved over 30 global CCPs running a simulation of

On 22 April 2024, the European Parliament issued a press release stating that it had adopted its position at first reading on the draft Directive on payment services and electronic money services in the internal market (PSD3) and the draft Payment Services Regulation (PSR).

The press release provides that MEPs adopted

On 16 April 2024, the European Systemic Risk Board (ESRB) published a report on operational policy tools for cyber resilience.

The report builds on the ESRB’s extensive work on how to mitigate risks from a systemic cyber incident. This includes the ESRB’s reports on: