CMA accpets undertakings from Bacs
The CMA has published its acceptance of current account switching undertakings from Bacs Payment Schemes Ltd (Bacs) as part of the banking remedies identified in its retail banking investigation. An accompanying press release has also been published.
CMA, 17 January 2017
Open Banking: a consumer perspective
A wide-ranging report has been published on Open Banking, big data and the digitalisation of everyday life. The report says Open Banking offers opportunities to reshape peoples' but calls on UK regulators to develop strategies to safeguard consumers.
EIOPA, 17 January 2017
House of Commons European Scrutiny Committee considers amendments to regulatory framework for resolution and recovery, capital requirement and central counterparties
The House of Commons European Scrutiny Committee has published its 25th report on the 2016-17 parliamentary session, which includes a chapter on the financial services regulatory framework that considers proposed amendments to EU legislation relating to resolution and recovery, capital requirements and central counterparties.
House of Commons, 17 January 2017
Mark Carney speech on policy issues affecting the Bank of England
The Bank of England has published a speech given by Mark Carney on 16 January 2017. The speech covers the social value of inflation control, an examination of the Monetary Committee's policy responses to the result of the EU referendum and the trade-offs it has faced since the vote.
Bank of England, 16 January 2017
EIOPA and Bermuda sign Momorandum of Understanding
EIOPA and the Bermuda Monetary Authority have signed a MoU which provides the framework for regular exchanges of information, further cooperation and increased mutual understanding to ensure optimal supervision for insurance and reinsurance groups with international activities in the EU and Bermuda.
EIOPA, 17 January 2017
INVESTMENTS AND FUNDS
ESMA: official translations of MAR guidelines on commodity derivatives
ESMA has published official translations of its final guidelines on inside information and commodity derivatives under the Market Abuse Regulation (Regulation 596/2014) (MAR). The guidelines have been translated into all the official EU languages and become effective two months after publication.
ESMA, 17 January 2017