General
- 2020 work programme – published by the FSB
- FinTech – European Commission publishes report on regulatory obstacles to financial innovation
- Digital operational resilience – European Commission publishes consultation on resilience framework FinTech;
- Modernisation of EU consumer protection rules – Directive published in the Official Journal
- Short-term pressures on corporations – EBA, ESMA and EIOPA publish reports
- Financial risks from climate change – PRA and FPC publish Discussion Paper on 2021 BES
- SMCR extension to solo-regulated firms – FCA updates webpage
- FCA Policy Statement PS19/30 - Independent Governance Committees: extension of remit
- FCA Handbook Notice No. 72
- Climate Financial Risk Forum – FCA publishes key points from November 2019 meeting
- Budget and future strategy - FOS publishes Consultation Paper
Brexit
- Financial services legislation – announced in the Queen’s Speech
Banking and Finance
- Consolidated Basel framework – launched by Basel Committee
- CRR - European Commission adopts Delegated Regulation on alternative standardised approach for market risk
- EU crowdfunding legislative proposals - Parliament, Council of the EU and Commission reach political agreement
- Financial stability - ESRB publishes report on macroprudential policy implications of foreign branches
- Benchmarking of internal models – EBA publishes consultation on draft ITS
- CRR II – EBA publishes final draft RTS on the standardised approach for counterparty credit risk
- CRD IV - EBA publishes Consultation Paper on final draft RTS on the identification of staff with a material impact on institutions’ risk profiles
- CRR – SRB extends prior permissions procedure for MREL
- Single Supervisory Mechanism – ECB Regulation and Decision published in the Official Journal
- CRR – Commission Implementing Decision on equivalent third countries published in the Official Journal
- Central bank digital currencies – ECB publishes paper on anonymity
- PRA Policy Statement PS26/19 – Pillar 2 liquidity: PRA110 reporting frequency threshold
- IBOR transition – PRA publishes letter on regulatory capital impediments
- PRA Policy Statement PS27/19: Reporting updates for Capital+ and ring-fenced bodies
- Financial Stability Report and 2019 stress test results – published by the Bank of England
- Global standard to modernise UK payments – Bank of England publishes update on implementation of the ISO 20022 CHAPS migration
Securities and Markets
- Conflicts of interest and associated conduct risks – IOSCO publishes Consultation Report on the debt capital raising process
- Reforming major interest rate benchmarks – FSB publishes annual progress report
- Securitisation – FSB publishes report on the vulnerabilities associated with leveraged loans and CLOs
- EMIR – European Commission adopts Delegated Regulation on RTS on the mitigation of counterparty credit risk associated with covered bonds and securitisations
- Cryptoassets – European Commission publishes consultation on EU regulatory framework
- EEA Agreement – Decisions amending Annex IX (Financial Services) published in the Official Journal
- Covered bonds - Regulation and Directive published in the Official Journal
- EMIR and SFTR – Joint Associations publish new master regulatory reporting agreement
- MAR - ESMA publishes annual report on accepted markets practices
- EONIA benchmark statement – published by EMMI
- LIBOR transition – AFME publishes report on the management of conduct and compliance risks
- LIBOR transition – RFRWG publishes Consultation Paper on credit adjustment spread methodologies for fallback provisions in cash products referencing LIBOR
- Primary Market Bulletin No. 26 – published by the FCA
- Open Finance – FCA publishes call for input
- MAR review – CLLS publishes response to ESMA consultation
Asset Management
- Financial stability - IOSCO launches framework for monitoring leverage in investment funds that may pose stability risks
- Taxonomy on sustainable investments – European Parliament announces agreement with the Council of the EU on criteria determining the sustainability of an economic activity
- Open-ended funds – FCA and Bank of England statement on joint review
- FCA Policy Statement PS19/29: Making transfers simpler
- Case C-272/18 Verein für Konsumenteninformation v TVP Treuhand und Verwaltungsgesellschaft für Publikumsfonds mbH & Co KG
Insurance
- FinTech Developments: Disruption or dividends? – speech by Jonathan Dixon, Secretary General of the IAIS
- 2019 G-SII identification process – IAIS publishes report
- Solvency II – EIOPA publishes annual report on the use of capital add-ons
- Solvency II – EIOPA publishes annual report on long-term guarantee measures and measures on equity risk
- 2020 Solvency II Review - EIOPA publishes report on insurers’ asset and liability management of illiquid liabilities
Financial Crime
- 4MLD – ESAs publish final Guidelines on cooperation and information exchange between NCAs
Enforcement
- EMIR – ESMA publishes consultation on procedural rules regarding the imposition of penalties on third-country CCPs, TRs and CRAs
- Misleading information in relation to PPI claims – FCA fines claims management company £70,000
- Unpaid awards – Complaints Commissioner invites the FCA to consider the case for publishing or disclosing information about regulated firms' professional indemnity insurers
- Hall and Hanley Limited v The Financial Conduct Authority
Contacts
Selmin Hakki (professional support lawyer)