BANKING

FCA speech on retail banking reflections

A speech has been made by Andrew Bailey, FCA Chief Executive, on retail banking in the UK. FCA, 29 June 2017

FATF consultation - Draft guidance for private sector information sharing

The Financial Action Task Force (FATF) has published a consultation on draft guidance for private sector information sharing. FATF, 29 June 2017

BCBS consultation: Simplified alternative to the standardised approach to market risk capital requirements

The Basel Committee on Banking Supervision (BCBS) has published a consultative document on a simplified alternative to the standardised approach to market risk capital requirements. Comments required by 27 September 2017. BCBS, June 2017

Creditworthiness Assessment Bill 2017-19

The Creditworthiness Assessment Bill 2017-19 has been published. The Bill requires certain matters to be taken into account when assessing a borrower’s creditworthiness. UK Parliament, 28 June 2017

EBA report on innovative uses of consumer data by financial institutions

The EBA has published a report on innovative uses of consumer data by financial institutions. EBA, 28 June 2017

INVESTMENTS AND FUNDS

FCA findings from its review of appropriateness assessments for sales of contract for difference (CFD) products

The FCA has published the findings from its review of appropriateness assessments for sales of Contracts for Difference (CFD) products. FCA, 29 June 2017

FCA statement on contract for difference produces and CP16/40

The FCA has published a statement providing an update on policy work in relation to Contract for Difference (CFD) products and Consultation Paper (CP16/40) on enhancing conduct of business rules for firms providing CFD products to retail clients. FCA, 29 June 2017

Delegated Regulation on access to data and aggregation and comparison of data under EMIR adopted

A Delegated Regulation amending Commission Delegated Regulation (EU)151/2013 with regard to regulatory technical standards specifying the data to be published and made available by trade repositories and operational standards for aggregating, comparing and accessing data under EMIR has been adopted by the European Commission. European Commission, 29 June 2017

European Commission Implementing Regulation establishing a list of critical benchmarks used in financial markets published

European Commission Implementing Regulation (EU) 2017/1147, which amends Implementing Regulation (EU) 2016/1368 establishing a list of critical benchmarks used in financial markets pursuant to the Benchmark Regulation has been published in the Official Journal. European Commission, 29 June 2017

 

BoE working group paper on approaches to adoption of SONIA as its preferred near risk-free reference rate

The Bank of England (BoE) working group on sterling risk-free reference rates (RFRs) has published a paper on approaches to broader adoption of the Sterling Overnight Index Average (SONIA) in sterling markets. Bank of England, 30 June 2017