BANKING

Draft Bank Recovery and Resolution Order 2016 has been published

A draft version of the Bank Recovery and Resolution Order 2016, which has made amendments to the Banking Act 2009 and the Financial Services and Markets Act 2000 (FSMA) relating to the UK special resolution regime (SRR) has been published, along with a draft explanatory memorandum

HM Treasury, 3 November 2016

HM Treasury response to CMA report on competition in the retail banking market

HM Treasury has published its response to the Competition and Markets Authority's (CMA) final report into the effectiveness of competition in the retail banking market.

HM Treasury, 3 November 2016

FCA response to CMA report on competition in the retail banking market

The FCA has published its response to the Competition and Markets Authority's (CMA) final report into the effectiveness of competition in the retail banking market.

Financial Conduct Authority, 3 November 2016

Harmonising supervisory rules for banks supervised by national competent authorities, ECB consults

The European Central Bank has published a consultation on a guideline and a draft recommendation relating to the exercise of options and discretions (O&Ds) available for banks that it does not directly supervise. The ECB has also published an explanatory memorandum, a set of Q&As on the consultation, and a guide to O&Ds available under EU law.

European Central Bank, 3 November 2016

EBA has published its final guidelines on ICAAP and ILAAP information collected for SERP

The European Banking Authority published its final guidelines on the collection of information relating to the internal capital adequacy assessment process (ICAAP) and the internal liquidity adequacy assessment process (ILAAP).

European Banking Authority, 3 November 2016

Financial Ombudsman Service (FOS) has published news issue 137

FOS has published issue 137 of ombudsman news.

Financial Ombudsman Service, 3 November 2016

INVESTMENTS AND FUNDS

ESMA prepares for MIFID II Systematic Internaliser regime

ESMA has published an updated Q&As on the application of MiFID II/ MiFIR which clarifies when ESMA will publish the first set of data that is needed to implement the Systematic Internaliser (SI) regime as well as the date by when firms must comply with the SI regime for the first time. 

European Securities and Markets Authority, 4 November 2016