General
- Financial stability and implementation of resolution reforms – FSB summarises discussions of plenary meeting and publishes progress report
- Modernisation of EU consumer protection rules – adopted by the Council of the EU at first reading
- Dissolution of Parliament – Several Bills to make no further progress
- FCA Consultation Paper CP19/30 – Regulatory fees and levies: Policy proposals for 2020/21
Brexit
- EIOPA recommendations for the insurance sector – PRA publishes statement on ACPR response
- Delayed Brexit preparations – ECB warns banks of increased operational risks
- UK CCPs – trade associations publish letter asking for extension to temporary equivalence and recognition
Banking and Finance
- Pillar 3 disclosure requirements – Basel Committee consults on revised market risk and disclosures of sovereign exposures
- Capital Markets Union – Council adopts legislative reforms
- Non-performing loans – EBA publishes progress report
- CRD IV – EBA publishes consultation on draft RTS and ITS on passport notifications
- €STR – ECB publishes report on fallback arrangements
- DGSD alternative measures to pay-out - EFDI publishes guidance paper
- Joined Cases C-419/18, C-483/18 Profi Credit Polska v Lisowski and others and Profi Credit Polska v OH
- Frances Elizabeth Wood v Commercial First Business Limited (in liquidation), Business Mortgage Finance 5 plc and Mortgage Finance 7 plc [2019] EWHC 2205 (Ch)
Securities and Markets
- Securitisation Regulation – European Commission publishes Delegated Regulation on RTS specifying the information provided in STS notifications
- PRIIPs Regulation – Delegated Regulation published in the Official Journal
- EU ETS – Delegated Regulation published in the Official Journal
- EMIR 2.2 – ESMA advises the European Commission on the supervisory regime for third-country CCPs
- MiFID II – FCA publishes statement on the extension of SEC no-action relief for inducements and research
Asset Management
- Principles of Operational and Enterprise Risk for Asset Managers – IA publishes good practice guide
Insurance
- Supervision of insurance groups – IAIS adopts global frameworks on IAIGs and systemic risk
- 2020 Solvency II Review – EIOPA publishes Q&As
- PRA Policy Statement PS25/19 – Solvency II: Maintenance of the transitional measure on technical provisions
Financial Crime
- Prudential and AML/CTF supervision – Basel Committee launches consultation on Guidelines
- SARs Annual Report 2019 – published by NCA
- SARs – NCA publishes updated guidance
- N v The Royal Bank of Scotland plc, appeal against [2019] EWHC 1770 (Comm)
Enforcement
- Critchley v Financial Ombudsman Service [2019] EWHC 3036 (Admin)
Contacts
Selmin Hakki (professional support lawyer)
