BANKING

PRA speech on why supervision matters

The Bank of England (BoE) has published a speech given by Sam Woods, BoE Deputy Governor, Prudential Regulation, and PRA Chief Executive Officer, on the importance of supervision. PRA, 10 July 2017

Delegated Regulation on RTS further specifying additional objective criteria relating to liquidity coverage for credit institutions published in OJ

Delegated Regulation (EU) 2017/1230 supplementing the Capital Requirements Regulation (Regulation 575/2013) (CRR) with regard to regulatory technical standards (RTS) further specifying the additional objective criteria for the application of a preferential liquidity outflow or inflow rate for cross-border undrawn credit or liquidity facilities within a group or an institutional protection scheme, has been published in the Official Journal of the EU (OJ). OJ, 10 July 2017

G20 leaders' communique and action plan from July 2017 summit: financial services aspects

The G20 has published a communique and action plan following its July 2017 leaders' summit. G20, 10 July 2017

ESMA invites European Commission to widen scope of proposal to strengthen EU third-country equivalence regime for market infrastructures and key market players in light of Brexit

ESMA has published a letter from Steve Maijoor, ESMA Chair, to Valdis Dombrovskis, European Commission Vice President, on third country regimes within ESMA's remit. ESMA, 10 July 2017

 

INVESTMENTS AND FUNDS

ESMA consults on guidelines on internalised settlement reporting under CSDR

ESMA has published a consultation paper on guidelines on internalised settlement reporting under Article 9 of the Regulation on improving securities settlement and regulating central securities depositories (CSDs) (Regulation 909/2014) (CSDR). The deadline for responses to the consultation paper is 14 September 2017. ESMA will consider the feedback it receives with a view to finalising the guidelines by Q1 2018. ESMA, 10 July 2017

ESMA updates MiFID II Q&A on investor protection (July 2017)

ESMA has published an updated version of its questions and answers (Q&As) on investor protection topics under the MiFID II Directive and the Markets in Financial Instruments Regulation (MiFIR). The new Q&A cover the topics of recording of telephone conversations and electronic communications, and best execution. Reference

FCA statement on ESMA Q&As on transitional provisions under Benchmarks Regulation

The FCA has published a statement on the ESMA questions and answers (Q&As) relating to the implementation of the Regulation on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds (Regulation (EU) 2016/1011) (Benchmarks Regulation or BMR)). FCA, 10 July 2017