BANKING

FCA plans consultation on extension of the SM&CR in Q2 2017

The FCA has announced plans to consult on the extension on the Senior Managers and Certification Regime (SM&CR) in Q2 2017. FCA, 22 February 2017

FCA and Ontario Securities Commission sign Co-operation Agreement to support innovative businesses

The FCA has announced a new Co-operation Agreement (Agreement) with Ontario that will allow innovative FinTech businesses to seek support if they wish to operate in the other’s market. FCA, 22 February 2017

FCA - Operation of the MoU with the Bank of England for market infrastructure - performance statement 2016

The FCA has published its annual performance statement in relation to the supervision of market infrastructure and payment systems. FCA, 22 February 2017

IMF adopts decisions to strengthen stability in countries with Islamic banking

The International Monetary Fund (IMF) has adopted a set of proposals on the role that it should play in strengthening financial stability in countries with Islamic banking. IMF, 21 February 2017

Growth found in UK regions for banking jobs

The BBA has published a Jobs in Banking Factsheet which finds the UK is continuing to benefit from sustained regional growth in banking and building society jobs with the South West and the West Midlands seeing the most growth. BBA, 23 February 2017

BoE speech by Sir Jon Cunliffe on challenges for systemic financial infrastructure

The Bank of England has published a speech made by Sir Jon Cunliffe examining three challenges facing international financial market infrastructure: operational risk, in particular cyber risk; prudential risk, and the regulation and supervision of cross-border infrastructure. Bank of England, 22 February 2017

European Platform for Financial Education launched to encourage literacy and EU-level leadership

Nine European organisations have launched a new European Platform for Financial Education which intends to promote the need for financial education and to boost financial literacy in Europe. Insurance Europe, 22 February 2017