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

Friday, 18 May 2012
UK Government consultation on DPAs; FSA/BoE paper on designation of investment firms by the PRA; CRD 4 addenda

Thursday, 17 May 2012
EBA discussion paper on a template for recovery plans; High Court rejects claim against bank following SOCA notification; EBA publishes guidelines on Stressed VaR and IRC; FSA publishes finalised guidance on transaction reporting; FSA decision notice against BGC senior executive; FIG client seminar: Financial Crime - A panel discussion on the latest hot topics; Now available through FSnet: Client briefing “New Spanish banking regulations for cleaning up and sale of real estate related assets”

Wednesday, 16 May 2012
CRD 4 – Council Presidency compromise proposal and final text negotiation starts; Update on Solvency II for the London Market - speech by Julian Adams (FSA); Mortgage Credit Directive – indicative date for European Parliament plenary session; FSA fines bank and money laundering reporting officer; FIG client seminar: Financial Crime - A panel discussion on the latest hot topics

Tuesday, 15 May 2012
CRD 4 – Council presidency general approach; ESAs consult on Commission’s review of FCD; Commission Q&A on CRD; FSA publishes guidance on PFOF

Monday, 14 May 2012
Commerzbank bonus decision; EIOPA, Solvency II and the loss adjusting profession - speech by Gabriel Bernardino (EIOPA)

Friday, 11 May 2012
FSA feedback on recovery and resolution plan; FSB establishes enhanced disclosure task force; AFME briefings on CRD 4 related topics; Court of Appeal confirms a side letter was a non-binding agreement to agree; FSA and SEC impose fines for failing to manage a conflict of interest

Thursday, 10 May 2012
Queen’s Speech: Banking Reform Bill; Hong Kong SFC proposes to enhance sponsors regulatory regime; CRD 4 – indicative date for European Parliament plenary session; Responses to EBA questionnaire regarding Pillar 3 disclosures; LSB themed review of compliance with the UK Cards Association best practice guidelines and Lending Code credit card provisions; ABI Solvency II bulletin

Wednesday, 9 May 2012
ESMA call for evidence on transaction reporting; ESMA 2012 regulatory work programme; Responses to Commission consultation on the Acquisitions Directive; Commission guidance on the application of the CCD with regard to costs and APR; Council Presidency partial general approach on MAD 2; EIOPA opinion on external models/data used for the calculation of Solvency II capital requirements; FSA fines wholesale insurer for corporate governance failings and bans its executive chairman; Confiscation order of £570,000 made against insider dealer

Tuesday, 8 May 2012
Commission legislative initiatives for the remainder of 2012; Rebuilding trust and confidence in banks and bankers – speech by Martin Wheatley (FSA); Resolution: a progress report – speech by Paul Tucker (BoE); ECON to vote on Mortgage Credit Directive; BIS issues response to call for evidence on ADR legislation; FSA fines Car Supermarket for PPI sales monitoring failings

Friday, 4 May 2012
EU high-level expert group consults on reforming the structure of the EU banking sector; Hong Kong Securities and Futures (Amendment) Ordinance 2012; BCBS consults on review of trading book capital requirements; ECB report on shadow banking in the euro area; EBA report on the fulfilment of its Recommendation following the 2011 EU-wide stress test; Council Presidency compromise proposal on MAR; Now available through FSnet: Insurance and Reinsurance News – May 2012 issue

Thursday, 3 May 2012
FSCS levies for failed banks; Treasury sub-Committee publishes terms of reference for inquiry into MAS; FSA publishes further update to business plan milestones; Consumer Focus research finds uncertainty regarding continuous payment authority

Wednesday, 2 May 2012
Council Presidency compromise proposal on CRD 4; Financial Services Bill information; FSA fines small portfolio management firm and compliance officer for client money breaches; RDR newsletter; FOS news; FOS note on compensation for non-financial loss; Revised Lending Code

Tuesday, 1 May 2012
FSA consults on consumer redress scheme regarding unsuitable advice to invest in Arch cru funds; Treasury Select Committee announces terms of reference of corporate governance and remuneration for SIFIs inquiry; Court considers rationality of nil valuation; Prison sentence for man convicted of laundering boiler room funds; FSA feedback on regulatory prudent valuation return; FSB publishes blueprint on bilateral complaints handling processes; FSA Handbook Notice; FSCS sets 2012/13 levy at £265m

Monday, 30 April 2012
FSB interim report on securities lending and repos; Shadow banking - speeches by Paul Tucker (BoE), Michel Barnier (European Commission) and Vítor Constâncio (ECB); Developing a single rulebook in banking – speech by Andrea Enria (EBA); House of Lords’ EU Committee urges Government to opt-in to new Directive on Proceeds of Crime; FSA publishes policy statement and final rules on pension transfer value analysis assumptions; IOSCO consultation on MMF systemic risk analysis; FSA policy development update; ESMA approves Brazilian credit ratings for use in the EU; Court seeks to protect privileged information disseminated by FSA; Now available through FSnet "UK, EU and US regulatory update" seminar materials

Friday, 27 April 2012
AIFM Directive: ESMA starts cooperation discussions with non-EU supervisors; MAD: ESMA identifies divergences in the use of sanctions across the EU; Hong Kong Legislative Council approves statutory PSI regime; First FSA fine for a company in breach of rules on related party transactions; Liquidity and the regulation of markets – speech by David Lawton (FSA); IOSCO consults on principles of liquidity risk management for CISs; Commission reports on European financial stability and integration; Commission acts to ensure implementation of E-money Directive in some Member States

Thursday, 26 April 2012
Dodd-Frank Act: final rule regarding designation of non-bank SIFIs; Law Commission reviews unfair consumer terms legislation; FSA confirms TLPIs should not generally be promoted to UK investors; European fund classification categories

Wednesday, 25 April 2012
Delivering effective corporate governance: the financial regulator’s role – speech by Hector Sants (FSA); Tribunal overturns FSA decision to fine CEO; FSA consults on changes to the Training and Competence sourcebook; Commitment to help consumers regarding PPI claims

Tuesday, 24 April 2012
G20 Communiqué of finance ministers and central bank governors; Hong Kong regulator fines and revokes licence of IPO sponsor; FSA publishes factsheet on ETPs; SFO appoints new director

Monday, 23 April 2012
House of Commons report on the Financial Services Bill; ESMA final report on short selling and CDS; ECB consults on recommendations for the security of internet payments; Industry letter on concerns regarding extraterritorial legislation; FRC publishes consultation on UK Corporate Governance Code, Stewardship Code and Auditing Standards; Volcker Rule - clarification regarding conformance periodl; Dodd-Frank Act - Derivatives reform; OFT issues guidance on misleading trading names; JMLSG issues guidance on electronic money; House of Commons publishes response to report on cost of motor insurance; FIG client seminar: UK, EU and US regulatory update

Friday, 20 April 2012
The new approach to insurance regulation and the implementation of Solvency II – speech by Julian Adams (FSA); FSB principles for sound residential mortgage underwriting practices; Payments Council publishes independent governance review; LSB publishes reviews on unarranged overdraft opt-outs and credit assessment of consumer lending products; FIG client seminar: UK, EU and US regulatory update