COVID-19: FCA guidance for insurance and premium finance firms on customers in temporary financial difficulty -
On 11 August 2020, the UK Financial Conduct Authority (FCA) published updated finalised guidance setting out...more
8/14/2020
/ AML/CFT ,
Coronavirus/COVID-19 ,
Dear CEO Letter ,
EU ,
European Banking Authority (EBA) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Reform ,
Investment ,
RegTech ,
Regulatory Agenda ,
UK
Business continuity: SRB operational guidance on operational continuity in resolution and FMI contingency plans.
The UK Prudential Regulation Authority (PRA) has published a policy statement, PS18/20, and the following...more
8/4/2020
/ Bank Recovery and Resolution Directive (BRRD) ,
Business Continuity Plans ,
Coronavirus/COVID-19 ,
Distressed Debt ,
EU ,
European Banking Authority (EBA) ,
European Central Bank ,
Implementing Technical Standards (ITS) ,
MREL ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Remuneration ,
RTS ,
UK
Reporting requirements: EBA questionnaire and call for case studies on cost of compliance -
HM Treasury has published a statement on the applicability of COVID-19 related amendments to the Capital Requirements Regulation...more
COVID-19: PRA updates statement on implementation of EBA guidelines on reporting data and public information -
The UK Prudential Regulation Authority (PRA) has updated its statement on the implementation of the European...more
Recent regulatory developments of interest to all financial institutions. Includes COVID-19 and Brexit-related updates, amendments to the list of high-risk third countries in MLD4, and more....more
7/2/2020
/ Coronavirus/COVID-19 ,
Cryptoassets ,
Data Collection ,
EU ,
European Banking Authority (EBA) ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
FPC ,
IOSCO ,
MLD4 ,
UK ,
UK Brexit
Recent regulatory developments focussing on banking and finance. Includes updates relating to COVID-19 regulatory response, CRR, and more....more
COVID-19: EBA extends application date of guidelines on moratoria on loan repayments -
On 18 June 2020, the European Banking Authority (EBA) announced that it is extending the application date of its guidelines on...more
6/24/2020
/ Coronavirus/COVID-19 ,
European Banking Authority (EBA) ,
European Central Bank ,
European Commission ,
Green Bonds ,
Implementing Technical Standards (ITS) ,
Loans ,
Moratorium ,
RTS ,
Stress Tests ,
UK
Recent regulatory developments focussing on banking and finance. This week reports on the EBA's consultation on draft RTS on the prudential treatment of software assets....more
The current situation is fast-moving in light of the COVID-19 pandemic. Many financial supervisory and regulatory authorities as well as local governments have issued measures which are relevant for financial institutions and...more
6/10/2020
/ BaFin ,
Basel Committee on Banking Supervision (BCBS) ,
Capital Requirements ,
Coronavirus/COVID-19 ,
European Banking Authority (EBA) ,
European Central Bank ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Investment Funds ,
IOSCO ,
Jurisdiction ,
Liquidity ,
Short Selling ,
Small and Medium-Sized Enterprises (SMEs) ,
Supervisory Guidance ,
Transparency
COVID-19: FCA speech on expectations of wealth management and advice industry -
On 4 June 2020, the UK Financial Conduct Authority (FCA) published a speech by Megan Butler, FCA Executive Director of Supervision,...more
6/10/2020
/ AML/CFT ,
Coronavirus/COVID-19 ,
Data Collection ,
ECON ,
European Banking Authority (EBA) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Implementing Technical Standards (ITS) ,
Interim Final Rules (IFR) ,
Investment ,
Libor ,
Pensions ,
Prudential Regulation Authority (PRA) ,
RTS ,
UK ,
UK Brexit ,
Wealth Management
Request to Pay: Pay.UK launches rules and standards framework -
Pay.UK has launched the Request to Pay Framework — the message standards, rules, and terms and conditions for the development of Request to Pay services. The...more
COVID-19: PRA Dear CEO letter on treatment of payment deferrals under IFRS 9 and CRR -
On 4 June 2020, the UK Prudential Regulation Authority (PRA) published a Dear CEO letter on International Financial Reporting Standard...more
6/9/2020
/ Basel Committee on Banking Supervision (BCBS) ,
Capital Requirements Regulation (CRR) ,
Coronavirus/COVID-19 ,
CRD IV Directive ,
EU ,
European Banking Authority (EBA) ,
Financial Markets ,
IFRS ,
Prudential Regulation Authority (PRA) ,
RTS ,
Single Resolution Board ,
Supervisory Highlights ,
UK
COVID-19: PRA letter to credit unions and direction modifying minimum provisioning requirements -
On 8 April 2020, the Prudential Regulation Authority (PRA) published a letter to directors, staff members and volunteers of...more
4/9/2020
/ Banks ,
Basel Committee on Banking Supervision (BCBS) ,
Basel III ,
Coronavirus/COVID-19 ,
EU ,
European Banking Authority (EBA) ,
Financial Institutions ,
Financial Services Industry ,
Liquidity ,
Prudential Regulation Authority (PRA) ,
UK
COVID-19: EBA statement on actions to mitigate financial crime risks -
On 31 March 2020, the European Banking Authority (EBA) published a statement on actions to mitigate financial crime risks in light of COVID-19....more
Recent regulatory developments of interest to financial institutions.
COVID-19: EBA and PRA approach to regulatory reporting and Pillar 3 disclosures -
On 2 April 2020, the PRA published a statement on amendments made to...more
COVID-19: UK Finance increases spending limit for contactless card payments -
On 24 March 2020, UK Finance has announced that, from 1 April 2020, it is increasing the spending limit for contactless card payments from £30...more
Recent regulatory developments of interest to financial institutions.
CRR: PRA PS5/20 on pre-issuance notification requirements -
Following its earlier consultation paper, CP20/19, the Prudential Regulation Authority...more
3/17/2020
/ Bank Fraud ,
Bank Recovery and Resolution Directive (BRRD) ,
Basel III ,
Coronavirus/COVID-19 ,
CRD IV Directive ,
CSDR ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Prudential Regulation Authority (PRA) ,
Regulatory Requirements ,
Risk Management ,
Securities Financing Transactions (SFTs)