European Central Bank
ECB publishes Consolidated Banking Data for end March 2017. The European Central Bank announced that it has published the Consolidated Banking Data with reference to end-March 2017, a data set of the European Union banking system on a group consolidated basis. (8/16/2017)
ESMA publishes the responses to its Consultation on CRA Endorsement Guidelines. ESMA announced that it has published the responses received to its Consultation on Update of the guidelines on the application of the endorsement regime under Article 4(3) of the CRA Regulation. (8/16/2017)
ESMA publishes the responses to its Consultation on trading obligation for derivatives under MiFIR. ESMA announced the publication of the responsesreceived to its Consultation on trading obligation for derivatives under MiFIR. (8/10/2017)
ESMA agrees first position limits under MiFID II. ESMA announced that it has published its first three opinions on position limits regarding commodity derivatives under the Markets in Financial Instruments Directive and Regulation (MiFID II/MIFIR). (8/10/2017)
European Banking Authority
EBA updates list of public sector entities for the calculation of capital requirements. The EBA announced that it has published an updated list of public sector entities that may be treated as regional governments, local authorities or central governments for the calculation of capital requirements, in accordance with the EU Capital Requirements Regulation. (8/14/2017)
The EBA updates data used for the identification of global systemically important institutions. The EBA announced that it has published 12 indicators and underlying data from the 35 largest institutions in the EU, whose leverage ratio exposure measure exceeds EUR 200 bn. (8/11/2017)
Regulation round-up. The UK Financial Conduct Authority published the August 2017 edition of its Regulation round-up. (8/17/2017)
FCA consults on revised approach to allocation and collection of PSR regulatory fees. The FCA requested comments on a consultation paper that proposes to review the FCA’s methodology for allocating and collecting the Payment Systems Regulator regulatory fees. Comments are due on or before September 28, 2017. (8/17/2017) FCA press release.
FCA proposes 2017/18 fee rates for market infrastructure providers. The FCA published a consultation paper that proposes the 2017/18 periodic fee rates for market infrastructure providers, including data reporting service providers. Comments are due on or before October 16, 2017. (8/17/2017) FCA press release.
BOE proposes policy on valuation capabilities to support resolvability for resolution planning. The Bank of England requested comments on a consultation paper that proposes its policy on the valuation capabilities firms should have in place to support resolvability, including principles for the data, information, models, processes, and governance arrangements that firms are expected to establish, maintain, and demonstrate. Comments are due on or before November 17, 2017. (8/17/2017) BOE press release.
FCA launches consumer campaign on PPI complaints deadline. The FCA announced that it has launched a campaign to inform consumers about the August 29, 2017, deadline to complain about payment protection insurance. The FCA has worked with firms to make improvements to the way people can complain to firms about PPI, including redeveloping parts of their websites and online tools. (8/16/2017) FCA press release.
FCA analyzes best buy lists. The FCA published an Occasional Paper that examines the drivers, impact, and performance of investment platforms’ best buy lists. The FCA’s analysis found, among other things, that best buy lists favor funds with a low cost to investors, but also favor affiliated funds and those which pay greater commission rates to platforms. (8/9/2017) FCA press release.
Review of BOE’s approach to conflicts of interest. The BOE announced the publication of a review of its approach to identifying and managing conflicts of interest, which was commissioned by the BOE’s Court and conducted by the BOE’s non-executive directors. The review made recommendations to address the risk of “inadvertent non-disclosure” posed by ambiguities in some elements of the BOE’s policies and shortcomings in some processes and systems. (8/9/2017) BOE press release.