On 1 February 2024, the European Systemic Risk Board (ESRB) published a report on vulnerability in the residential real estate (RRE) sectors of the EEA countries. In recent years, the ESRB has regularly assessed residential real estate vulnerabilities in the European Economic Area (EEA) countries and the extent to which they are addressed

On 30 January 2024, the European Parliament issued a press release stating that the Economic and Monetary Affairs Committee had voted to approve the text of the proposed Regulation amending Regulations (EU) No 1092/2010, (EU) No 1093/2010, (EU) No 1094/2010, (EU) No 1095/2010 and (EU) 2021/523 as regards certain reporting requirements in the fields of

On 11 January 2024, the Financial Services Compensation Scheme (FSCS) published its latest budget update where it provides an update on its management expenses for 2023/24 and proposed expenses for 2024/25. The FSCS has also published a statement from its interim chief executive, Martyn Beauchamp.

In his statement Mr Beauchamp mentions:

  • The FSCS

To all of our global readers we would like to take this opportunity to wish you all a Merry Christmas and a Happy New Year.

We will resume posting material following the festive period on 9 January 2024 although if there are any significant developments we will endeavour to provide an update.

On 28 November 2023, there was published on legislation.gov.uk The Financial Services and Markets Act 2023 (Panel Remuneration and Reports) Regulations 2023.

These Regulations, which come into force on 26 December 2023, are intended to ensure that the Financial Conduct Authority, Prudential Regulation Authority, and the Payment Systems Regulator can remunerate members of certain