On 25 May 2022, the Financial Services Regulatory Initiatives Forum (Forum) published an updated version of the Regulatory Initiative Grid which sets out the regulatory pipeline so that financial services firms and other stakeholders can understand, and plan, for the timing of the initiatives that may have a significant operational impact on them. The Forum … Continue Reading
Introduction Here is a short summary of some of the key regulatory milestones in December. EU Commission Implementing Regulation (EU) 2021/1848 on the designation of a replacement for the benchmark Euro overnight index average (EONIA) and Commission Implementing Regulation (EU) 2021/1847 of 14 October 2021 on the designation of a statutory replacement for certain settings … Continue Reading
The latest episode of the RT Plus podcast series on Evolution and Divergence – Markets in the EU and UK, is out now. In this third episode we look at potential changes to the bonds and derivatives regime in both the UK and Europe. With the Wholesale Markets Review currently underway in the UK and … Continue Reading
Introduction Here is a short summary of some of the key regulatory milestones in September. International regulatory bodies – consultations closing 3 September 2021: Basel Committee on Banking Supervision consultation on technical amendments on G-SIB assessment methodology review process. 6 September 2021: International Organization of Securities Commissions’ consultation on ESG ratings and data products providers. … Continue Reading
On 11 June 2021, the FCA published its latest Policy Development update setting out information on recent and upcoming FCA publications. In terms of future FCA publications the Policy Development update notes the following: Policy Statement on the regulation of funeral plans – expected July 2021. Consultation Paper on resolution and FSCS protection rules for … Continue Reading
Introduction Here is a short summary of some of the key regulatory milestones in June. International regulatory bodies Closing date 30 June 2021: IOSCO issues industry surveys on conduct risks in leveraged loans and collateralized loan obligations EU legislation and guidelines entering into force 26 June 2021: EU Investment Firm Prudential Regime comes into force. … Continue Reading
On 7 May 2021, the Financial Services Regulatory Initiatives Forum (Forum) published the third edition of the regulatory initiatives grid. The grid sets out at a high level future initiatives from the Forum so that the financial services industry can plan for initiatives that may have a significant operational impact on them. The Forum comprises … Continue Reading
Introduction Here is a short summary of some of the key regulatory milestones in May. International regulatory bodies 28 May 2021: Deadline for comments on FMSB draft standard on use of Term SONIA reference rates. EU legislation 4 May 2021: Entry into force of Delegated Regulation on specialised lending exposures under CRR (applies from 14 … Continue Reading
On 9 April 2021, the FCA published its latest policy development update. The policy development update lists recently issued FCA publications and lists two forthcoming FCA publications: Consultation paper on exit fees in investment platforms and comparable firms (expected 2021). Consultation paper on FCA regulated fees and levies: rates proposals 2021/22 (expected April 2021).… Continue Reading
On 18 September 2020, the UK regulatory authorities (HM Treasury, Bank of England, PRA, FCA, Payment Systems Regulator, Competition and Markets Authority, the Pensions Regulator and the Information Commissioners Office) published an updated version of the Financial Services Regulatory Initiatives Grid. This edition of the Grid contains 111 initiatives, an increase on the 85 that … Continue Reading
Client money The COVID-19 pandemic is having a severe impact on many business sectors, and financial institutions are no exception. Many firms are likely to encounter challenges of one form or another in the coming months, as countries emerge from lockdown and seek to resume normal business at different times, and the applicable legal and … Continue Reading
