Tracks financial services regulatory developments and provides insight and commentary
On 14 July 2022, the Financial Services Skills Commission (FSSC) updated its inclusion measurement guide to support and improve the measurement of inclusion across the financial services sector.
The inclusion measurement guide will help organisations:
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Every month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.
Post Trade Distributed Ledger (PTDL) Group is composed of over 40 prominent market infrastructure stakeholders whose shared vision of the use of distributed ledger technology has…
On 12 July 2022, there was published the ‘Financial Sanctions Evasion Typologies: Russian Elites and Enablers’ by the National Economic Crime Centre, a multi-agency unit in the National Crime Agency, and HM Treasury’s Office of Financial Sanctions Implementation, working in conjunction with law enforcement and financial sector partners as part of the Joint…
On 11 July 2022, there was published a letter by the Financial Conduct Authority (FCA) to the House of Commons’ Treasury Committee regarding the regulator’s financial sanctions responsibilities.
In the letter, the FCA addresses its responsibilities for financial sanctions and covers the following topics:
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On 13 July 2022, the House of Commons’ Treasury Committee launched a new inquiry into crypto-assets. In this inquiry, the Committee will examine the potential risks and opportunities associated with the use of crypto-assets, their impact on social inclusivity and the possible need for regulatory change in the future.
The Committee requests written evidence submissions…
On 13 July 2022, the Single Resolution Board (SRB) published, for the first time, its assessment of bank resolvability. The assessment is based on the information available to the SRB during the drafting phase of 2021 resolution plans up until the end of September 2021. The resolvability assessment and ‘heat-map’ for 2021 shows that…
On 13 July 2022, Elizabeth McCaul, Member of the Supervisory Board of the European Central Bank (ECB) delivered a speech at the conference on “The use of artificial intelligence to fight financial crime”.
Key points in the speech include:
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On 12 July 2022, the European Commission published the following Delegated and Implementing Regulations supplementing the EU Crowdfunding Regulation:
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On 13 July 2022, the European Securities and Markets Authority (ESMA) published a speech by Klaus Löber (Chair of ESMA’s CCP Supervisory Committee (CCP SC)). Key points in the speech include:
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On 13 July 2022, the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a report containing final guidance on the application of the Principles for Financial Market Infrastructures (PFMIs) to stablecoin arrangements (SAs) that are considered systemically important financial market infrastructures (FMIs), including the entities integral to…
