COVID-19: FCA proposes additional guidance for insurance and premium finance firms on customers in financial difficulty -
The FCA has published draft additional guidance for insurance and premium finance firms, setting...more
10/26/2020
/ Coronavirus/COVID-19 ,
ESRB ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
FSB ,
HM Treasury ,
Infectious Diseases ,
Libor ,
UK ,
Whistleblowers
BoE and CFTC MoU for supervision of cross-border clearing organisations -
The Bank of England (BoE) and the US Commodity Futures Trading Commission (CFTC) have signed an updated memorandum of understanding (MoU) regarding...more
10/26/2020
/ Bank of England ,
Central Counterparties ,
CFTC ,
EMIR ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
HM Treasury ,
Libor ,
RTS ,
Securities Regulation ,
UK ,
UK Brexit
Brexit: ESMA to recognise three UK CCPS from 1 January 2021 -
The European Securities and Markets Authority (ESMA) has announced that three central counterparties (CCPs) established in the UK will be recognized as...more
10/6/2020
/ EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Inter-Bank Offered Rates (IBORs) ,
ISDA ,
Libor ,
MiFID ,
MiFIR ,
REMIT ,
RTS ,
Sterling Overnight Index Average (SONIA) ,
UK ,
UK Brexit
Branch and ATM closures or conversions: FCA FG20/3 -
Following consultation, the UK Financial Conduct (FCA) has published finalised guidance, FG20/3, on branch and ATM closures or conversions. The guidance applies to...more
The Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020 -
The Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020 (SI 2020/991) have been published, together with an...more
9/21/2020
/ Anti-Money Laundering ,
Digital Assets ,
EU ,
FATF ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
FinTech ,
HMRC ,
Libor ,
MLD4 ,
Money Laundering ,
Terrorist Financing Regulations ,
UK
Credit unions: PRA 2020 annual assessment of category 5 credit unions -
The UK Prudential Regulation Authority (PRA) has updated its webpage on credit unions to publish letters sent to directors of category 5 credit...more
9/15/2020
/ Banks ,
Consumer Financial Products ,
Credit Unions ,
EU ,
Financial Services Industry ,
Leveraged Loans ,
Libor ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Supervisory Guidance ,
UK
COVID-19: PRA statement on application of IFRS 9 and capital requirements as mortgage payment deferrals come to an end -
On 26 August 2020, the UK Prudential Regulation Authority (PRA) published a statement to clarify its...more
9/8/2020
/ Bank Recovery and Resolution Directive (BRRD) ,
Capital Requirements Regulation (CRR) ,
Coronavirus/COVID-19 ,
European Banking Authority (EBA) ,
Financial Regulatory Reform ,
IFRS ,
Infectious Diseases ,
Libor ,
Prudential Regulation Authority (PRA) ,
RTS ,
Sterling Overnight Index Average (SONIA) ,
UK
AML/CTF supervision: HM Treasury annual report -
The Bank of England (BoE) has published the Financial Stability Report for August 2020 and the financial policy summary and record of the meetings of its Financial Policy...more
Title transfer collateral arrangements: FCA Dear CEO letter -
The UK Financial Conduct Authority (FCA) has published a Dear CEO letter to firms acting as brokers in wholesale financial markets, who currently, or may in the...more
8/4/2020
/ Coronavirus/COVID-19 ,
CSDR ,
Dear CEO Letter ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Libor ,
MiFID ,
MiFIR ,
RTS ,
Securities Regulation ,
UK
Draft Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020 -
HM Treasury has published draft Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020, together with a draft...more
7/21/2020
/ Coronavirus/COVID-19 ,
CRD V ,
EU ,
European Economic Area (EEA) ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Financial Services Industry ,
FSB ,
Libor ,
Money Laundering ,
SMCR ,
UK
LIBOR transition and PRA resolution-related rules: PRA statement -
The UK Prudential Regulation Authority (PRA) has published a statement outlining the PRA's view on the implications of LIBOR transition for contracts in...more
7/15/2020
/ AML/CFT ,
Basel Committee on Banking Supervision (BCBS) ,
BSA/AML ,
Coronavirus/COVID-19 ,
CRD V ,
European Economic Area (EEA) ,
FATF ,
Financial Institutions ,
FSB ,
Libor ,
Prudential Regulation Authority (PRA) ,
UK ,
UK Brexit
COVID-19: PRA statement to insurers on application of matching adjustment -
On 7 July 2020, the UK Prudential Regulation Authority (PRA) published a statement to insurers on the application of the matching adjustment (MA)...more
Recent regulatory developments of interest to all financial institutions. Includes updates on COVID-19, FCA guidance on assessing adequate financial resources, and European Commission draft legislation incorporating...more
6/17/2020
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Coronavirus/COVID-19 ,
ESRB ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Green Bonds ,
Libor ,
MiFID ,
Prudential Regulation Authority (PRA) ,
Solvency II ,
UCITS ,
UK ,
UK Brexit
Recent regulatory developments of interest to financial institutions and markets. Includes updates relating to MAR, MiFIR, EMIR, short selling, and more....more
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
COVID-19: PRA Dear CEO letter on IFRS 9, capital requirements and loan covenants -
On 26 March 2020, the Prudential Regulation Authority (PRA) published a Dear CEO letter giving guidance on consistent and robust...more
Card-acquiring market review: PSR update on timings -
The Payment Systems Regulatory (PSR) has published an update on when it intends to publish its interim report on the card-acquiring market review.
The PSR is planning to...more
Spring 2020 Budget: key financial services announcements -
The Chancellor of the Exchequer, Rishi Sunak, has delivered the Spring 2020 Budget. The Budget includes a number of measures of interest to financial services...more
3/16/2020
/ Bank of England ,
Budgets ,
China ,
Coronavirus/COVID-19 ,
Cybersecurity ,
European Economic Area (EEA) ,
FATF ,
Financial Services Industry ,
FPC ,
Green Bonds ,
Green Finance ,
HM Treasury ,
Infectious Diseases ,
Investment Funds ,
Libor ,
New Guidance ,
Prudential Regulation Authority (PRA) ,
Public Health ,
Risk Free Rates (RFRs) ,
Sterling Overnight Index Average (SONIA) ,
UK ,
UK Brexit
We are delighted to present the Spring 2020 edition of Hogan Lovells’ Debt Capital Markets Global Insights. This draws together a collection of articles from across our global network, reflecting on current events and topical...more
2/24/2020
/ ABS ,
Brazil ,
Capital Markets ,
Capital Requirements Regulation (CRR) ,
Credit Default Swaps ,
Cryptocurrency ,
Debt Market ,
EMIR ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
Green Bonds ,
Investment ,
Investors ,
ISDA ,
Libor ,
Luxembourg Stock Exchange ,
Mexico ,
New Legislation ,
Non-Performing Loans (NPL) ,
Noteholders ,
Regulatory Requirements ,
Securitization ,
SFTR ,
SMCR ,
Sterling Overnight Index Average (SONIA) ,
Sterling Risk-Free Reference Rates (SRFRR) ,
UK