In our latest podcast series, we look at transaction risk in the banking sector. Conversations with leading lawyers and experts to dive into the detail, highlighting the key issues you really need to know about.
In the first episode, Corporate Partner and Global Head of Banks, Alan Bainbridge and Financial Regulatory Partner, Matthew Gregory focus
On 27 December 2023, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) jointly issued a public consultation paper on their legislative proposal to regulate issuers of stablecoin.
The Hong Kong Government has decided that, in light of the important roles played by stablecoins in
On 3 January 2024, the European Commission (Commission) published for consultation a draft Delegated Regulation amending Delegated Regulation (EU) 272/2012 as regards harmonisation of certain aspects linked to fees charged by the European Securities and Markets Authority (ESMA) to credit rating agencies (CRAs).
Article 19(1) of Regulation 1060/2009 provides
On 15 December 2023, the European Parliament’s Economic and Monetary Affairs Committee published a draft report on the proposed Regulation on a framework for financial data access (FIDA).
The FIDA proposal seeks to enable consumers and firms to more efficiently control access to their financial data beyond payments thereby allowing them to benefit
On 15 December 2023, the European Commission adopted certain draft implementing and delegated acts relating to the UCITS Directive and the Alternative Investment Fund Managers Directive (AIFMD) as regards notifications for cross-border marketing and cross-border management of alternative investment funds (AIFs) and undertakings for collective investment in transferable securities (UCITS
On 18 December 2023, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) published a joint policy statement (PS) on margin requirements for non-centrally cleared derivatives: amendments to Binding Technical Standards (BTS) 2016/2251 (FCA PS23/19 and PRA PS18/23).
Under the onshored European Market Infrastructure Regulation (
On 14 December 2023, the European Banking Authority (EBA) issued a consultation paper containing draft implementing technical standards (ITS) amending Commission Implementing Regulation (EU) 2021/451 on supervisory reporting referred to in Article 430(7) of the Capital Requirements Regulation (CRR) concerning the output floor, credit risk, market risk and the
On 14 December 2023, the FCA published a summary of the findings from its review of retail banking firms’ implementation of the Consumer Duty, which came into force for current (on sale) products on 31 July 2023. The multi-firm review looked at actions firms had taken for customers in financial difficulty, dealing with bank accounts
On 30 November 2023, the FCA published the latest edition of the Regulatory Initiatives Grid from the Financial Services Regulatory Initiatives Forum. The Forum is made up of representatives of the Bank of England, the Competition and Markets Authority, the FCA, the Financial Reporting Council, HM Treasury, the Information Commissioner’s Office, the Payment Systems Regulator
On 27 November 2023, the Bank of England (BoE) published a statement announcing that it has renewed its commitment to adhere to the Global Precious Metals Code (the Code), based on the revised Code dated December 2022.
The Code sets out the standards and best practice expected from market participants in the