BANKING 

Bank of England outlines work on default management by CCPs

David Bailey, Bank of England's Director of Financial Market Infrastructure, has given a speech on default management by central counterparties (CCPs) and the importance of CCP resilience.
Bank of England, 17 November 2016

House of Lords EU Committee has published evidence from HM Treasury in response to financial services relating to Brexit

The House of Lords EU Financial Affairs Sub-Committee has published written evidence (dated 9 November 2016) received from HM Treasury in response to questions on the future of financial services in the UK following the Brexit vote.
HM Treasury, 17 November 2016

AFB evidence to House of Lords EU Committee on financial services relating to Brexit

The House of Lords EU Financial Affairs Sub-Committee has published written evidence (dated 1 November 2016) received from the Association of Foreign Banks (AFB) on the future of financial services in the UK following the Brexit vote.
Association of Foreign Banks, 17 November 2016

Draft FPC policy statement on powers over housing policy instruments

Financial Policy Committee (FPC) issued a draft policy statement on its powers over housing policy instruments.
FPC, 18 November 2016

European Court of Auditors has announced a special report on SSM

The European Court of Auditors has published a special report on the Single Supervisory Mechanism (SSM) which, among other things, considers how the SSM has organised its work and the challenges it faces.
European Court of Auditors, 18 November 2016

EBA list of public sector entities for the calculation of capital requirements

The EBA has published a list of EU public sector entities that will assist EU institutions in determining their capital requirements for credit risk, this has been compiled on its own initiative to supplement the requirements laid down in Article 116 of the Capital Requirements Regulation.
EBA, 18 November 2016

BSA Members elect new Deputy Chairman

Jonathan Westhoff, Chief Executive of the West Brom has been elected as the Deputy Chairman of the BSA.  He replaces Chris Pilling, Chief Executive of the Yorkshire Building Society, who is stepping down.
Building Societies Association, 18 November 2016

The state and prospects of the euro area recovery

Mario Draghi, President of the European Central Bank (ECB) , discussed the state and prospects of the euro area recovery in his speech at the European Banking Congress, Frankfurt.

ECB, 18 November 2016


INVESTMENTS AND FUNDS

ESMA has published new Q&As on MiFID II and MiFIR market structures topics

ESMA published a new set of Q&As on market structures topics under the MiFID II Directive and the Markets in Financial Instruments Regulation. They relate to data disaggregation and the tick size regime.
ESMA, 18 November 2016

ESMA has updated MiFID II transparency Q&As relating to waivers

ESMA has published an updated version of its Q&As on transparency topics under the MiFID II Directive and the Markets in Financial Instruments Regulation. The two new questions regard equity transparency and non-equity transparency.
ESMA 18 November 2016

FCA will not issue guidance on application of UCITS Remuneration Code

FCA has updated its webpage on the UCITS Remuneration Code announcing that it does not intend to issue guidance for firms on how to apply the Code.
FCA, 18 November 2016