BANKING

Bank of England FAQs on FinTech Accelerator

The Bank of England has published a set of frequently asked questions on its FinTech Accelerator, which works in partnership with firms who are using new technology to make use of FinTech innovations for central banking.

Bank of England, 19 May 2017

INVESTMENTS AND FUNDS

CLLS responds to FCA's fourth consultation on implementation of MiFID II

A response from the Regulatory Law Committee of the City of London Law Society to the FCA's fourth consultation on the implementation of the MiFID II Directive has been published which expresses a concern regarding the proposal to specialist regimes and tied agents. There are also concerns that there were flaws in the FCA's consultation process.

City of London Law Society, 19 May 2017

ESMA speech on adoption of RegTech within financial services industry

A speech given by ESMA senior risk analysis officer for innovation and products, Patrick Armstrong, has been published by ESMA on the adoption of RegTech within the financial services industry.

ESMA, 19 May 2017

CLLS writes to FCA about ESMA's approach to delegation in its Q&A on AIFMD application

A letter to the FCA has been published by the Regulatory Law Committee of the City of London Law Society relating to ESMA's Q&A paper on the application of the Alternative Investment Fund Managers Directive.

City of London Law Society, 19 May 2017

European Commission to publish CMU mid-term review on 7 June 2017

Ugo Bassi, Director of Financial Markets, European Commission DG FISMA, confirmed in an article on reuters.com that the Commission will publish its mid-term review of the capital markets union (CMU) on 7 June 2017.

Reuters, 18 May 2017