General
- IT failures in the financial services sector - Treasury Committee publishes government and regulators’ responses to report
- COVID-19 - FCA publishes webpage containing information for firms
- Ombudsman News Issue 150 - published by the FOS
Brexit
- Equivalence in financial services - European Commission publishes letter on its approach to equivalence decisions
- Future UK-EU Partnership - European Commission publishes draft text of the Agreement on the New Partnership with the United Kingdom
Banking and Finance
- COVID-19 - EBA publishes statement on actions to mitigate impact
- COVID-19 - ECB announces temporary capital and operational relief
- SME finance - Bank of England publishes report on open data
- PRA Policy Statement PS6/20 - Credit unions: Review of the capital regime
- Card-acquiring services - PSR publishes update on market review interim report
- Case C-511/17 Györgyné Lintner v UniCredit Bank Hungary Zrt
- Case C-639/18 KH v Sparkasse Südholstein, Opinion of Advocate General Sharpston
- Case C-143/18 Romano and another v DSL Bank
Securities and Markets
- Transition from EONIA to €STR - ECB working group publishes consultation on recommendations for swaptions impacted by the CCP discounting switch
- EURIBOR fallbacks and the transition from EONIA to €STR - ECB working group publishes factsheets
- COVID-19 - ESMA publishes Decision temporarily lowering notification thresholds for net short positions
- COVID-19 - ESMA publishes statement postponing the implementation of reporting obligations and trade repository registration requirements under the SFTR
- LIBOR transition - FCA publishes webpage on contractual triggers
- COVID-19 - FCA publishes statement on lowering notification thresholds for net short positions
- Primary Market Bulletin No. 27 - published by the FCA
- EMIR Refit - ISDA publishes document clarifying the implementation of OTC derivative contract reporting requirements for FCs on behalf of both themselves and NFC- clients
- COVID-19 - ISLA and ICMA publish letter urging ESMA to delay the implementation of SFTR reporting obligations
- Cryptoassets - FMLC publishes response to European Commission consultation on EU regulatory framework
Asset Management
- COVID-19 - FCA publishes statement on property fund suspensions
Insurance
- ICS Version 2.0 - IAIS publishes document on specifications for the monitoring period
- COVID-19 - EIOPA publishes statement on actions to mitigate impact
- PRA Policy Statement PS7/20 - Solvency II: Adjusting for the reduction of loss absorbency where own fund instruments are taxed on conversion
- COVID-19 - FCA publishes webpage on its expectations for general insurance firms
- Consumer complaints - FOS publishes report on underinsurance, misrepresentation and non-disclosure
Financial Crime
- CSMAD - European Commission publishes report on implementation
- Economic crime - Treasury Committee publishes government and regulators’ responses to report
- AML and CTF - JMLSG consults on new sectoral guidance for cryptoasset exchanges and custodian wallet providers
- N v The Royal Bank of Scotland plc, appeal against [2019] EWHC 1770 (Comm)
Enforcement
- Payment Protection Insurance Market Investigation Order 2011 - CMA issues directions to Paymentshield
Contacts
Selmin Hakki (professional support lawyer)
