BANKING

PRA announces new statistical publication of aggregate regulatory capital data

The PRA has published an article announcing the launch of a new quarterly statistical release of aggregate regulatory capital data.  

Bank of England: PRA, 31 October 2016  

FCA provides update on FSCS funding review

The House of Commons Treasury Select Committee has published a letter sent from FCA Chief Executive, Andrew Bailey to Rt Hon Andrew Tyrie MP providing an update on the FCA's review into the funding of the Financial Services Compensation Scheme.

House of Commons Treasury Select Committee, 31 October 2016

UK regions urged to seize opportunity for financial services

Ministers have agreed that UK regions will be supported to capitalise on export and investment opportunities for financial services.   

HM Treasury, 31 October 2016  

New matchmaking service for small businesses looking for finance

Small businesses struggling to access finance from big banks will be matched with alternative finance options, under a new government scheme.   

HM Treasury, 1 November 2016

Delegated Regulation on RTS on additional collateral outflows adopted by European Commission

Delegated Regulation supplementing the Capital Requirements Regulation with regard to regulatory technical standards (RTS) for additional liquidity outflows corresponding to collateral needs resulting from the impact of an adverse market scenario on an institution’s derivatives transactions has been adopted by the European Commission.  

European Commission, 31 October 2016

European Commission publishes draft decision on creation of an expert group on sustainable finance

The European Commission has published a draft decision on the creation of a High-Level Expert Group on sustainable finance in the context of the Capital Markets Union.    

European Commission, 28 October 2016

EBA reports on the appropriate target level basis for resolution financing arrangements under BRRD

The EBA has published a report on the appropriate target level basis for resolution financing arrangements.  

EBA, 28 October 2016

INSURANCE ABI - price of motor insurance continues to rise

The ABI has reported that the average comprehensive motor insurance premium paid has risen by 9% over the last year.   

ABI, 31 October 2016

BIBA publishes letter setting out demands ahead of the Autumn Statement

BIBA has published a letter ahead of November’s Autumn Statement outlining a number of issues affecting brokers and their customers.    

BIBA, 31 October 2016

INVESTMENTS AND FUNDS HM Treasury responds to consultation on implementation of UCITS V Directive

HM Treasury has published its response to the consultation on the UK's implementation of the UCITS V Directive.    

HM Treasury, October 2016

FCA updates MiFID II market data processor system webpage

The FCA has updated information on its Market Data Processor (MDP) system under MiFID II.   

FCA, 31 October 2016

FCA publishes feedback statement on its call for input on regulatory barriers to social investments

The FCA has published a Feedback statement (FS16/11).following its call for input on regulatory barriers to social investments.  

FCA, October 2016

Delegated Regulation supplementing PRIIPs Regulation regarding product intervention published

A European Commission Delegated Regulation ((EU) 2016/1904)) supplementing PRIIPs Regulation with regard to product intervention has been published in the Official Journal.  

Official Journal of the European Union, 29 October 2016

GLEIF publishes information on registration agents

The Global Legal Entity Identifier Foundation has published new information on registration agents.  

Global Legal Entity Identifier Foundation, 31 October 2016

IFSB publishes exposure draft on guiding principles on disclosure requirements for Islamic capital market products

The Islamic Financial Services Board (IFSB) has published an exposure draft of guiding principles on disclosure requirements for Islamic capital market products. Comments required by 31 December 2016.  

The Islamic Financial Services Board, 31 October 2016