ISO 20022: BoE confirms go-live in April 2022 will be on like-for-like basis -
The Bank of England (BoE) has confirmed that it plans to go-live with the new messaging standard for UK payments, ISO 20022, in April 2022 on...more
COVID-19: PRA suspends guidance levels on fixed rate lending limits for non-systemic building societies -
On 11 August 2020, the UK Prudential Regulation Authority (PRA) published a letter (dated 31 July 2020) sent from...more
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
COVID-19: PRA PS19/20 on FSCS temporary high balances coverage extension -
On 4 August 2020, the UK Prudential Regulation Authority (PRA) published a policy statement, PS19/20, on the Financial Services Compensation Scheme...more
8/11/2020
/ Bank Recovery and Resolution Directive (BRRD) ,
Banks ,
Basel Committee on Banking Supervision (BCBS) ,
Capital Requirements Regulation (CRR) ,
Comment Period ,
Financial Regulatory Reform ,
FSCS ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
TLAC ,
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
Payments landscape review: HM Treasury call for evidence -
HM Treasury has published a call for evidence as part of the payments landscape review. The call for evidence is the first stage in the review, which was announced...more
EU Regulation on cross-border payments: European Commission adopts legislative proposal.
Australia: Open banking launches with the initiation of the Consumer Data Right. Customers of Australia's four major banks can choose...more
Safeguarding UK cash infrastructure: Joint Authorities Cash Strategy Group policy paper -
HM Treasury has published a policy paper of the Joint Authorities Cash Strategy (JACS) Group on safeguarding the UK's cash...more
EMIR: FCA revises breach notification form -
The UK Financial Conduct Authority (FCA) has published a revised version of its form for reporting errors or omissions in their trade reports under Article 9 of the European...more
COVID-19: FCA consults on updated temporary guidance for motor finance and HCSTC agreements -
On 3 July 2020, the UK Financial Conduct Authority (FCA) published for consultation updated temporary guidance for firms, which...more
7/15/2020
/ Automotive Loans ,
Coronavirus/COVID-19 ,
E-Money ,
Finance Lender ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Pawnbrokers ,
Payment Services Directive ,
Regulatory Agenda ,
RTO ,
UK
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 focussing on banking and finance. This week reports on the EBA's consultation on draft RTS on the prudential treatment of software assets....more