BANKING

FSB Chair sets out need for full implementation of agreed reforms and the FSB’s priorities for the G20 German Presidency

The Financial Stability Board (FSB) has published a letter from Mark Carney, Chair of the FSB, sent to G20 Finance Ministers and Central Bank Governors ahead of their meeting in Baden-Baden from 17-18 March. In his letter, the FSB Chair highlights the good progress made in implementing the post-crisis reforms, as a result of which the global financial system is moving from a state of fragility to greater resilience. The FSB Chair also warns against the risk of a loss of momentum in completing and fully implementing essential international standards. Financial Stability Board, 17 March 2017

HM Treasury response to AML and CTF supervisory regime call for information and cutting red tape review

HM Treasury has published its response to the government's call for information on the anti-money laundering (AML) and counter-terrorist financing (CTF) supervisory regime, and its "cutting red tape" review of the AML and CTF regime. The government seeks further views on the mandate and powers for the new office, as well as how the supervisory regime might evolve over time, especially in the legal and accountancy sectors, and how any shortcomings in different scenarios might best be addressed.

HM Treasury, 16 March

BoE's FinTech Accelerator launches new Community

The Bank of England (BoE) has published a press release relating to its FinTech Accelerator. The BoE FinTech Accelerator has launched a new Community, bringing together FinTech-related organisations to engage with the Bank, share insights on trends and support development of the sector.

Bank of England, 17 March 2017

INSURANCE

Bolder action needed to deliver on CMU objectives

In its response to a consultation on (Capital Markets Union) CMU mid-term review, Insurance Europe has called on the European Commission to take bolder and quicker action to tackle several outstanding concerns on investment and other barriers to making a real difference and deliver on the objectives of the CMU.

Insurance Europe, 20 March