BANKING

Draft Implementing Standards amending Implementing Regulation (EU) No 680/2014

EBA has published a report containing the final draft version of implementing technical standards (ITS) amending the Commission Implementing Regulation on ITS on supervisory reporting relating to operational risk, sovereign exposures and additional monitoring metrics for liquidity reporting. Revisions to Annexes I, II, VII, XI, XIV, XV, XVIII to XXI, XXIV and XXV of Implementing Regulation 680/2014 are available on the EBA website. EBA, 7 April 2017 EC speech on areas where action can be taken to reduce uncertainty in financial services sector

European Commission (EC) has published a speech, given by Vice-President Valdis Dombrovskis, European Commissioner for Financial Stability, Financial Services and Capital Markets Union (CMU), on economic and financial perspectives in the world economy and the EU. In his speech, Vice-President Dombrovskis comments on a number of areas in the financial sector where action can be taken to reduce uncertainty and strengthen recovery. EC, 7 April 2017 Official translations of Joint Committee of ESAs' guidelines on risk-based supervision under MLD4

Joint Committee of the European Supervisory Authorities (ESAs) has published the official EU language versions of its guidelines on risk-based supervision under the Fourth Money Laundering Directive (MLD4). In a press release the committee explains that publication of the different language versions triggers national application of the guidelines. ESAs, 7 April 2017 FCA policy development update: April 2017

FCA updated its policy development webpage for April 2017, which sets out the information on the FCA's recent and future publications schedule. This update summarises the FCA's proposed publications, and highlights the changes that have been made since the FCA's previous publications schedule was updated on 3 March 2017 FCA, 7 April 2017 PRA "Dear CEO" letter on contingency planning for Brexit

PRA published a "Dear CEO" letter from Sam Woods, PRA Chief Executive Officer, sent to firms on contingency planning for the UK's withdrawal from the EU. The letter is relevant to banks, insurers and designated investment firms undertaking cross-border activities between the UK and the rest of the EU. This includes, for example, subsidiaries of US investment banks based in the UK doing business in the EU under passporting arrangements, as well as UK banks doing the same, and branches of institutions from other EU states operating in the UK. PRA, 7 April 2017 BoE Governor speech on road to a responsible and open financial system post-Brexit

Bank of England (BoE) has published a speech, given by Mark Carney, BoE Governor, on the road to a responsible and open financial system BoE, 7 April 2017

 

INVESTMENTS AND FUNDS Findings of ESMA thematic study on operation of home and host responsibilities under AIFMD and UCITS

ESMA has published the findings of its thematic study on notification frameworks and home-host responsibilities under the Alternative Investment Fund Managers Directive (AIFMD) and the UCITS IV Directive. ESMA carried out the study in 2016 with a view to promoting smooth operation of the EU passports for marketing and management of funds, looking at the notification frameworks set out in the UCITS IV Directive and the AIFMD. ESMA, 7 April 2017