BANKING

BBA Brexit quick briefs

The British Bankers' Association (BBA) has launched a webpage on a number of Brexit "quick briefs": a series of short papers intended to inform readers about key commercial, regulatory and political considerations relating to Brexit and banking.
British Bankers' Association, 14 November 2016

Template for new FCA financial crime report (REP-CRIM)

The FCA has published the template for its new financial crime report (REP-CRIM), together with a data guide.
FCA, 14 November 2016

PRA policy statement on credit union regulatory reporting

The PRA has published a policy statement on changes to the reporting requirements that apply to credit unions (PS31/16).

PRA, 14 November 2016

EBA consults on draft ITS amending CRR supervisory reporting ITS to reflect operational risk and sovereign exposures

The EBA has published a consultation paper (EBA/CP/2016/20) on draft implementing technical standards (ITS) amending the Commission Implementing Regulation on ITS on supervisory reporting (Regulation 680/2014) relating to operational risk and sovereign exposures.

EBA, 14 November 2016

ECB consults on draft guide to SSM fit and proper assessments

The European Central Bank (ECB) has published a consultation paper on a draft guide to fit and proper assessments for members of the management bodies of significant credit institutions under the single supervisory mechanism (SSM). It has also published Q&As on the consultation.
ECB, 14 November 2016

European Commission launches task force on financial technology

The European Commission has published a press release announcing that it is launching an internal task force on financial technology (TFFT).
European Commission, 14 November 2016

INSURANCE

PRA consults on cyber insurance underwriting risk

The PRA has issued a consultation paper on a draft supervisory statement on cyber insurance underwriting risk (CP39/16).

PRA, 14 November 2016

ABI launches new Trade Credit Insurance Guide

The Association of British Insurers (ABI) has today published a new guide that showcases the value of trade credit insurance to business ahead of the ABI Annual Conference on November 22nd 2016.

ABI, 14 November 2016


INVESTMENTS AND FUNDS

European Parliament to consider proposed Regulation amending date of application of PRIIPs Regulation at 30 November and 1 December 2016 plenary session

The European Parliament has published a procedure file for the proposed Regulation (COM(2016) 709 final) amending the date of application of the Regulation on key information documents (KIDs) for packaged retail and insurance-based investment products (PRIIPs) (Regulation 1286/2014) (PRIIPs Regulation).
European Parliament, 14 November 2016

ESMA has published its final report on delaying EMIR clearing obligation for financial counterparties with a limited activity volume

ESMA has announced its final report on the amended application of the clearing obligation for financial counterparties with a limited volume of activity under EMIR (the Regulation on OTC derivative transactions, central counterparties and trade repositories) (Regulation 648/2012).
ESMA, 14 November 2016