On 17 March 2026, the Prudential Regulation Authority (PRA) published a consultation paper in relation to modernising the liquidity policy framework (CP5/26).
Background
The PRA sets out in CP5/26 that existing liquidity standards were established in response to the global financial crisis of 2007/08 and have been supplemented by the PRA’s Pillar
On 11 March 2026, there was published in the Official Journal of the EU (OJ), Commission Implementing Regulation (EU) 2026/519 of 10 March 2026 amending the implementing technical standards laid down in Implementing Regulation (EU) 2021/622 as regards the frequency of reporting and the information to be reported. Commission Implementing Regulation (EU) 2021/622
This episode of Global Regulation Tomorrow Plus is the first in a three part mini-series in which Jonathan Herbst, Georgia Karamani and Simon Lovegrove discuss how financial services firms can build regulatory and operational resilience amid the geopolitical landscape. This first episode covers prudential related issues – mapping exposures, stress testing and reviewing internal capital
On 5 March 2026, the Council of the EU formally adopted the legislative package for the crisis management and deposit insurance (CMDI) framework review in first reading. The formal adoption follows a political trilogue agreement with the European Parliament reached on 25 June 2025.
The legislative package was proposed by the European Commission
On 5 March 2026, the European Banking Authority (EBA) issued a final report on draft Implementing Technical Standards (ITS) on the supervisory reporting of third country branches under the Capital Requirements Directive VI (CRD VI).
Background
The CRD VI introduces a new framework for third-country branches which includes regulatory
On 24 February 2026, the Bank of England (BoE) issued a policy statement setting out its decision to extend CHAPS settlement hours by moving the start of settlement from 06:00 to 01:30.
The policy statement follows an earlier consultation that the BoE issued last summer on extending settlement hours, to which the policy
On February 20, 2026, the German regulator, the Federal Financial Supervisory Authority (BaFin), published the draft circular “Administrative Practice on Takeover Law” for consultation (Circular).
The new Circular is intended to make BaFin´s administrative practice more transparent and thus to facilitate the conduct of takeover-related procedures for market participants.
In particular, the Circular sets out
On 23 February 2026, the Single Resolution Board (SRB) updated its operational guidance on separability and transferability for more alignment and proportionality. The update follows a consultation that took place between 13 August 2025 to 22 October 2025. The SRB has also issued a Feedback Statement to the consultation.
When a bank is
On 19 February 2026, the Prudential Regulation Authority (PRA) published Consultation Paper 3/26 (CP3/26), which sets out proposed rule changes intended to accommodate HM Treasury’s Overseas Prudential Requirements Regime (OPRR).
Background
The OPRR has been designed to restate, with modifications, a number of existing Capital Requirements Regulation (CRR
On 17 February 2026, the Financial Conduct Authority (FCA) published Consultation Paper CP26/6 (CP26/6), which sets out proposals to reform the UK’s securitisation requirements including to simplify the due diligence and transparency requirements.
Background
The FCA sets out in CP26/6 that as securitisation markets played a role in the global financial