BANKING

Independent Dormant Assets Commission recommends extending existing dormant assets scheme

The Department for Culture, Media and Sport has published a report which contains the findings of the Independent Dormant Assets Commission and their recommendations on tackling dormant assets.

Department for Culture, Media and Sport, 6 March 2017

 

EBA final report and final draft RTS on disclosure of encumbered and unencumbered assets under CRR

The EBA has published a final report which contains the final draft regulatory technical standards on the disclosure of encumbered and unencumbered assets under Article 443 of the Capital Requirements Regulation.

EBA, 3 March 2017

 

EBA opinion on transitional arrangements and credit risk adjustments due to IFRS 9 introduction

The EBA has published an opinion addressed to the European Commission, European Parliament, Council of the EU and all EU competent authorities on transitional arrangements and credit risk adjustments as a result of the introduction of International Financial Reporting Standard 9.

EBA, 6 March 2017

 

CMA proposes market investigation changes

The Competition and Markets Authority has published a document outlining its proposed changes which take into account experience since the Enterprise Act 2002, and in particular of the CMA’s major investigations into energy and banking. Interested parties are encouraged to respond to the consultation by the 2 May 2017.

CMA, 6 March 2017

INSURANCE

Brokers urged to check FCA warnings

Brokers are urged to be keeping up to date by checking the Financial Conduct Authority website for warnings on unauthorised companies. The list often includes general insurance businesses as well as warnings for consumers.

FCA, 6 March 2017

INVESTMENTS AND FUNDS

ICMA urges European Commission to consider concerns relating to mandatory buy-in regime under CSDR

The International Capital Market Association has published a letter it had sent to the European Commission relating to the changes being made to the rules and recommendations for the secondary market related to the buy-in and sell-out procedures.

ICMA, 6 March 2017

 

Updated version of IA guidance for members on authorised funds

The Investment Association has published an updated version of the guidance it has given to members on authorised funds.

IA, 6 March 2017