General
- Protection of whistleblowers – EU Directive published in Official Journal
- Approving financial promotions of unauthorised persons – FCA publishes new Guidance
- Updated Financial Services Register – FCA publishes details
Banking and Finance
- Global systemically important banks – FSB publishes 2019 list and Basel Committee publishes assessment methodology
- Basel III – Basel Committee and BCG publish joint statement on proportionality
- Sectoral countercyclical capital buffer – Basel Committee publishes guiding principles
- Credit valuation adjustment risk framework – Basel Committee publishes Consultation Paper on revisions
- Banking Union – Council of the EU publishes progress report
- MREL and TLAC – EBA publishes consultation on draft ITS on disclosure and reporting requirements
- ICT and security risk management – EBA publishes final Guidelines
- Targeted review of internal models – ECB publishes interim update
- Towards the retail payments of tomorrow: A European strategy – speech by Benoît Cœuré, Member of the Executive Board of the ECB
- Retail Banking Market Investigation Order 2017 – CMA revokes Directions
- Authorised Push Payment Scams Voluntary Code – signatories to continue funding until end of March 2020
Securities and Markets
- Non-centrally cleared SFTs – FSB publishes revised regulatory framework for haircuts
- FCA Policy Statement PS19/28: Proxy Advisors (Shareholders’ Rights) Regulations Implementation (DEPP and EG)
- FCA Guidance Consultation GC19/5: Primary Market Bulletin No. 25
Insurance
- Updated supervisory material and revised ICP 22 on AML – IAIS publishes comments and feedback to consultation
- IDD – Delegated Regulation published in the Official Journal
- IDD – FCA publishes ‘general good’ requirements for incoming passporting firms
Enforcement
- Failures in regulatory reporting governance and controls – PRA issues combined financial penalty of £44 million
- Marketing of speculative mini-bonds to retail investors – FCA publishes temporary product intervention measures
Contacts
Selmin Hakki (professional support lawyer)
