On 14 January 2025, the Financial Stability Board (FSB) issued a report on The Relevance of Transition Plans for Financial Stability.
Background
The report looks at the role that financial and non-financial firms’ transition plans can play for financial stability assessments, in particular as a source of information for monitoring climate-related financial
On 13 December 2024, the Bank of England (BoE) issued a consultation paper setting out proposals for a set of requirements in rules and a code of practice and expectations for UK financial market infrastructures (FMIs) to report operational incidents and their material third-party arrangements.
Rationale
The proposals in the consultation
In this new edition of Regulation Around the World we review the UK Financial Conduct Authority’s (FCA) Consumer Duty (UK Consumer Duty) and see if other international financial services authorities have already got similar concepts in their frameworks; or whether the UK Consumer Duty not only sets a new UK standard
In our latest podcast, our global Financial Services team discusses promotional messages on social media platforms, covering recent regulatory and enforcement developments in the UK, US and Dubai, as well as practical steps that global firms can be taking now in this area to manage their risk.
Listen to the episode here.
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Australia has one of the broadest prohibitions on insider dealing in financial products in the world.
The Australian Securities and Investments Commission (ASIC) oversees and regulates activity on the Australian Securities Exchange (ASX). Manipulation in energy and commodities derivatives markets was an ASIC specific enforcement priority for 2023 – earlier this
The EU Listing Act (the Listing Act), adopted by the European Parliament on April 24, 2024, introduces several significant changes to the Market Abuse Regulation (MAR) and other related financial regulations to reduce burdens on listed companies and to make public markets more attractive by simplifying regulatory requirements and reducing costs (with
For those not familiar with it, let’s start with some basics. The European Union’s (EU) market abuse regime consists of two pieces of legislation, the Market Abuse Regulation (MAR), directly applicable across Member States, and the Market Abuse Directive on criminal sanctions for market abuse (CSMAD). The CSMAD essentially
In March the UK Financial Conduct Authority (FCA) published its business plan for 2024/25. When discussing market oversight, in keeping with its recent drive to become more data-driven, the regulator stated that it intends to carry out increased market monitoring of fixed income and commodities markets and is increasing its ability to detect
Many people associate the phrase “insider trading” with company executives buying or selling the company’s stock before news hits the market. The underlying problem government authorities point to in those cases is the use material nonpublic information about the company for personal benefit.[1] Although the phrase is commonly used in related to securities
In our latest podcast, our global Financial Services team covers recent regulatory and enforcement developments in the UK, US, Australia and Dubai in relation to off-channel messaging, as well as practical steps that global firms can be taking now in this area to manage their risk.
Listen to the episode here.
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