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Financial Services Daily News: this month's daily news (last 30 days)

Friday, 23 January 2015
SRM Regulation – Council Implementing Regulation with regard to ex ante contributions to the SRF in OJ; Council of the EU approves amendments to ECB’s sanction powers; REMIT – ACER guidance; FCA guidance on what constitutes retail investment advice; FCA feedback on retrospective application of rules; DECC to continue implementation of new criminal offences in the energy markets; PRA letter on transfers of insurance business under Part VII FSMA; Lloyd’s market bulletin on distribution costs, broker remuneration and additional charges; FCA fines and bans former senior executives of Martin Brokers for compliance failings in relation to LIBOR

Thursday, 22 January 2015
Joint statement on the FSB’s final report on FX benchmarks; CRR – ITS on supervisory reporting relating to asset encumbrance, single data point model and validation rules in OJ; Regulation on interchange fees – Council reaches agreement with European Parliament; REMIT - ACER issues requirements for the registration of RRMs; Consultation launched on the UK financial services trade association landscape; FCA guidance on copy trading in the CFD retail market; Recovery and resolution planning – Hong Kong update; FCA issues “Dear CEO” letter to high-cost short-term lenders; Hong Kong court orders current and former directors of listed company to compensate the company RMB18.69 million; FCA updates guidance on reporting requirements relating to consumer credit activities; Upper Tribunal finds that non-executive director not fit and proper

Wednesday, 21 January 2015
ESMA list of NCAs complying with guidelines on cooperation arrangements and information exchange; AIFMD - FCA Q&A on using Gabriel for transparency information; Financial stability – speech by Jon Cunliffe (BoE); FCA cash savings market study report; UK Government guidance on cyber security for businesses; FSCS plan and budget for 2015/2016; ENISA research on network and information security; FCA fines Reckitt Benckiser Group Plc £539,800 for listing rule failures

Tuesday, 20 January 2015
CRR and BRRD – Commission Delegated Regulations in OJ; AIFMD – ESMA issues responses to call for evidence on passport and third country AIFMs; Speech to the Asia Financial Forum - Steven Maijoor (ESMA); CRD 4 - PRA consults on assessing capital adequacy under pillar 2; PRA and FCA consult on management expenses level limit; House of Commons ESC report on Benchmarks Regulation; EMIR - Hong Kong SFC signs MoU with ESMA on cooperation arrangements for Hong Kong-established CCPs; Solvency II – Delegated Regulation published in OJ; Solvency II – PRA updates list of reporting schedules for firms with non-December year ends; Former Weavering Capital (UK) Limited founder and hedge fund manager convicted of fraud

Monday, 19 January 2015
EBA impact assessment of LCR requirements on EU banks; BRRD - FCA and PRA policy statements; CRD 4 – EBA single rulebook Q&As; UKRN begins consultation on work programme for 2015-2016; Lauren Honeyben appointed counsel; Chris Chapman appointed counsel

Friday, 16 January 2015
US-EU financial markets regulatory dialogue; EBA issues responses to discussion paper on simple, standard and transparent securitisations; FCA consults on its competition powers; MLD 4 – House of Lords EU Committee comments on HM Treasury proposal to challenge legal basis; Elisabeth Øverland appointed Counsel; UK wholesale markets – under the regulatory spotlight: FIG client seminar

Thursday, 15 January 2015
BRRD – EBA consults on draft ITS on resolution planning procedures, forms and templates; CRR – EBA issues responses to consultation on draft ITS on the mapping of ECAIs’ credit assessments; FCA message on AIFMD Annex IV transparency reporting

Wednesday, 14 January 2015
BCBS issues responses to consultation on operational risk capital framework; BRRD – EBA issues responses to consultation on draft guidelines on triggers for use of early intervention measures; BRRD – EBA issues responses to consultation on draft guidelines about group financial support; DGS Directive – EBA issues responses to consultation on draft guidelines on payment commitments; MLD 4 and MLR – Council presidency final compromise text; Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) Regulations 2015

Tuesday, 13 January 2015
Delegated Regulations under CRR (concerning LCR and leverage ratio) and Solvency II to become EU law; Lloyd’s market bulletin on systems and controls for international sanctions compliance; EIOPA updated webpage on LEI guidelines; Hong Kong SFC bans trader for life

Monday, 12 January 2015
ESMA updated Q&As on the application of the AIFMD; ESMA updated Q&As on the application of the guidelines on ETFs and other UCITS issues; CRD 4 – single rulebook Q&As; RBI - revised framework for Basel III leverage ratio; ACER launches new REMIT portal; Unauthorised forex investment fraudster convicted; Solvency II – ECON letter to European Commission

Friday, 9 January 2015
EMIR - ESMA publishes review of CCP colleges; Regulation on reporting and transparency of SFTs – ECON draft report; MMF Regulation - indicative date for European Parliament plenary session

Thursday, 8 January 2015
Liikanen Regulation – ECON draft report; CRR – ESRB expresses views on when to use Article 459 to impose stricter prudential requirements for exposures; FCA fines sponsor for breaches of listing rules; CMA consults on draft Private Motor Insurance Market Investigation Order 2015; ICO requires FCA to disclose information; Court confirms that investors’ claims time barred under the Limitation Act 1980

Wednesday, 7 January 2015
CRA Regulation – RTS in OJ; MiFID - responses to ESMA consultation on guidelines to clarify the definition of derivatives; The Bank Recovery and Resolution Order 2014; Latvian Council Presidency programme H1 2015; FOS consults on plans and budget for 2015/16

Tuesday, 6 January 2015
EMIR – FMLC letter on draft RTS on risk mitigation techniques for non-centrally cleared OTC derivatives; Notification for a change in controller – intragroup transactions; The Banks and Building Societies (Depositor Preference and Priorities) Order 2014; Transaction reporting of derivatives – reliance on ICE Futures Europe-FCA feed; RBI signs MoU on supervisory cooperation and exchange of information with US regulators; Solvency II - EIOPA update on data point model and XBRL taxonomy design; Solvency II - EIOPA consults on equivalence assessments of Bermuda, Japan and Switzerland; Solvency II – EIOPA note to firms on reporting and disclosure requirements; EIOPA risk dashboard; Solvency II – EIOPA consults on draft ITS on the equity index for the equity capital charge; Solvency II – European Parliament rejects motion for resolution to object to Delegated Regulation; Now available through FSnet: briefing on Ukraine/Russia sanctions

Monday, 5 January 2015
CPMI/IOSCO assessment methodology relating to FMIs; FCD – ESAs draft final RTS on significant risk concentrations and intra-group transactions; CRR – EBA draft technical standards on CCB disclosure; CRR – EBA draft technical standards on data waiver permission; CRR – EBA guidelines on disclosure requirements for the EU banking sector; CRR – EBA updates list of CET1 capital instruments; Liikanen Regulation – Council Presidency progress report; ESMA consults on different share classes of UCITS; ESAs discussion paper on use of credit ratings by financial intermediaries; Lloyd’s Solvency II and risk assurance guidance notes; Commercial Court upholds claim against fund manager for breach of fiduciary duty; Now available through FSnet: insurance and reinsurance news – December 2014 issue – Senior insurance managers regime – what does it mean for you?

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