COVID-19: IAIS consults on the impact for the insurance sector.
The UK Prudential Regulation Authority (PRA) has published a consultation paper, CP11/20, setting out its expectations and guidance relating to auditors' work...more
COVID-19: FCA guidance consultation on cancellations and refunds -
On 31 July 2020, the UK Financial Conduct Authority (FCA) published a guidance consultation on cancellation (for example, of holidays and events) and...more
8/4/2020
/ Coronavirus/COVID-19 ,
Cryptoassets ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
MiFID II ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
Prudential Regulation Authority (PRA) ,
UK ,
UK Brexit
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
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
Pillar 2A: PRA PS15/20 on reconciling capital requirements and macroprudential buffers -
Following its consultation in CP2/20, the UK Prudential Regulation Authority (PRA) has published feedback and a policy statement,...more
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 development focussing on banking and finance. Includes updates relating to COVID-19 regulatory response, CRR, and more....more
7/9/2020
/ Anti-Money Laundering ,
Bank Recovery and Resolution Directive (BRRD) ,
Banking Sector ,
Capital Requirements Regulation (CRR) ,
Coronavirus Business Interruption Loan Scheme (CBILS) ,
Coronavirus/COVID-19 ,
EU ,
European Central Bank ,
Financial Institutions ,
Financial Regulatory Agencies ,
Financial Services Industry ,
Prudential Regulation Authority (PRA) ,
Too Big to Fail ,
UK
Recent regulatory developments of interest to all financial institutions. Includes COVID-19 and Brexit-related updates, and more.
...more
7/9/2020
/ Banking Sector ,
Climate Change ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Agencies ,
Financial Services Industry ,
Mutual Recognition Agreement ,
Prudential Regulation Authority (PRA) ,
SMCR ,
Taxonomy ,
UK ,
UK Brexit
Recent regulatory developments focussing on banking and finance. Includes updates relating to COVID-19 regulatory response, CRR, and more....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
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 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
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...more
4/28/2020
/ Basel Committee on Banking Supervision (BCBS) ,
Capital Requirements ,
EU ,
European Central Bank ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
FSB ,
IOSCO ,
Loans ,
Prudential Regulation Authority (PRA) ,
Regulatory Requirements ,
Short Selling ,
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: PRA statement on decision by insurance companies to pause dividends -
On 8 April 2020, the Prudential Regulation Authority (PRA) published a statement welcoming the prudent decision of some insurance firms to...more
COVID-19: PRA and FCA statement on SMCR expectations of dual-regulated firms -
On 3 April 2020, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) published a joint statement on their...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: PRA Dear CEO letter to UK insurers about distribution of profits -
On 31 March 2020, the Prudential Regulation Authority (PRA) published a Dear CEO letter from Sam Woods, Bank of England (BoE) Deputy Governor...more
COVID-19: PRA statement on regulatory reporting amendments -
On 23 March 2020, the Prudential Regulation Authority (PRA) published a statement on COVID-19 regulatory reporting amendments for UK insurers. The PRA outlines...more
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
COVID-19: BoE and PRA measures -
The Bank of England (BoE) and Prudential Regulation Authority (PRA) have announced a number of measures aimed at alleviating operational burdens on PRA-regulated firms and BoE-regulated...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
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)
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