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

Monday, 1 September 2014
CRD 4 – EBA single rulebook Q&As; JMLSG final approved guidance on consumer credit providers; FCA bans and fines former director for promoting unregulated CIS; Solvency II - PRA update note on implementation; FCA thematic review findings on PPI complaints mis-sales

Friday, 29 August 2014
EU legislation published in the Official Journal;SFC concludes consultation on exemptions for disclosure obligations relating to the implementation of Shanghai–Hong Kong Connect; FCA fines banks for failings in advised ortgage business;

Thursday, 28 August 2014
Skilled persons reviews under FSMA - PRA and FCA letters

Wednesday, 27 August 2014
Joint Committee of ESAs issues translations of guidelines for complaints-handling for the securities and banking sectors; CRD 4 – Final draft RTS on the identification of the geographical location of relevant credit exposures; Reports and guidance regarding global LEI; FCA publishes letters clarifying their use of attestations

Tuesday, 26 August 2014
Hong Kong SFC issues supplemental consultation conclusions on regulation of IPO sponsors; ICC releases guidance paper on the use of sanctions clauses; ESMA opinion on the application of guidelines on MMFs; CRD 4 – EBA single rulebook Q&As; PRA supervisory statement on valuation risk for insurers; PRA supervisory statement on subordinated guarantees and quality of capital for insurers

Friday, 22 August 2014
Barriers to reporting to trade repositories - ODRG letter to FSB; MAR - ESMA issues level 2 consultation response forms; ECB identifies systemically important payments systems; EMIR reporting - FCA new webpages; FCA calls for examples of retrospective application of regulatory rules; LSB themed review of subscribers' handling of customers in financial difficulties; FSCS outlook; Solvency II – EIOPA updated Q&As on submission of information to NCAs

Thursday, 21 August 2014
FSB issues responses to consultation on FX benchmarks; EMIR - ESMA issues responses to consultation on clearing obligation; EBA issues template for 2014 EU-wide bank stress test

Wednesday, 20 August 2014
PRA updates timetable for Solvency II implementation activity; Payments Council to extend retry process for bounced payments; FOS news

Tuesday, 19 August 2014
Solvency II - EIOPA updates information on guidelines on submission of information to NCAs; Hong Kong SFC reprimands and fines responsible officer

Monday, 18 August 2014
Hong Kong SFC reprimands and fines client advisor

Friday, 15 August 2014
CRD 4 – EBA single rulebook Q&As; Upper Tribunal prohibits insurance broker from performing regulated activities

Thursday, 14 August 2014
FCA statement to firms regarding financial promotions; JMLSG guidance consultation – rectification; Updated AML guidance for money service businesses; Court orders disclosure of documents retained by defendants’ solicitors

Wednesday, 13 August 2014
ICE Libor - Consultation on handling errors identified post-rate publication

Tuesday, 12 August 2014
PRA consults on transposing Solvency II; Court of Appeal finds that a bank account holder was facilitating money laundering

Monday, 11 August 2014
ECB publishes comprehensive assessment stress test manual; Commission reports on ESAs and ESRB; AIFMD – ESMA issues translations of reporting obligations guidelines; PRIIPs KID Regulation - Commission requests EIOPA's advice on possible delegated acts; Court considers meaning of market quotation provisions in 1992 ISDA contracts; MAS consults on leverage ratio disclosure requirements for banks incorporated in Singapore

Friday, 8 August 2014
FCA fines insurance firm for failing to have appropriate systems and controls; Court orders disclosure of identities of bank customers

Thursday, 7 August 2014
IOSCO launches public information repository for central OTC derivatives clearing requirements; Deadline extended for BCBS consultation on Pillar 3 disclosure; ESMA guidelines on CPSS-IOSCO principles for FMIs in respect of CCPs; Consultation on proposed criminal offences for energy market abuse; FCA guidance consultation regarding financial promotions in social media; FCA consults on rules for independent governance committees; Solvency II - HM Treasury consults on remaining policy issues for UK transposition; BoE announces departure of Julian Adams; Court of Appeal considers whether banks are obliged to check that name and account details match when debiting accounts; Now available through FSnet: client briefing on “UK banking – the new regulatory regime for individuals”

Wednesday, 6 August 2014
CRR – EBA issues final RTS on the treatment of equity exposures under the IRB approach; MiFIR – EBA consults on criteria for intervention on structured deposits; MiFID 2/MiFIR – ESMA issues responses to its consultation on level 2 measures; SSM Regulation – ECB report on operational implementation; CRA 3 Regulation – ESMA report on staffing and resources; Ring-fencing under the Banking Reform Act – The Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014; FCA policy development update; FCA guidance consultation regarding loan to income ratios in mortgage lending; FCA uses product intervention to restrict retail distribution of CoCos; FCA handbook notice; Court dismisses application to declare lack of jurisdiction

Tuesday, 5 August 2014
IOSCO survey on price formation in commodity derivatives markets; Basel III monitoring; CRR – EBA revised set of Q&As on supervisory reporting; FCA on new capital framework for SIPP operators; ICE benchmark administration completes ISDAFIX transition; Court finds bank liable for negligent customer reference; IAIS consults on meeting participation procedures and development of supervisory and supporting material

Monday, 4 August 2014
BRRD – FCA consults on implementation; ESMA updated guidelines on ETFs and other UCITS issues; SEPA Migration Regulation on credit transfers and direct debits; CRD 4 – EBA single rulebook Q&As; Regulation of high-frequency trading – House of Lords Committee letter to FCA; Reminder to FCA - regulated firms and issuers after developments in Ukraine; Joint Trade Association letter on unique trade identifier; Updated “The Way Forward” by EU-US insurance dialogue project; Solvency II - EIOPA update on DPM and XBRL taxonomy design

Friday, 1 August 2014
Now available through FSnet: client briefing on “Coordinated sectoral sanctions on Russia and Russian persons”; MiFID/EMIR – Commission letter on definition of FX spot contract; Joint Committee of the ESAs reminds financial institutions of their responsibilities regarding own financial products; CRR - EBA issues final draft ITS on supervisory reporting for institutions; EIOPA issues the underlying assumptions in the standard formula for the SCR calculation; BoE discussion paper on procyclicality and structural trends in investment allocation by insurance companies and pension funds; CRD 4 – PRA and FCA disclosure documents; ABI response to EIOPA discussion paper on conflicts of interest in direct and intermediated sales of insurance-based investment products; FCA finds firms fail to deliver best execution; HKMA circular on issues and good practices in relation to the sale of investment products; OECD on the governance of regulators; Mortgage lenders and intermediaries – a governance framework

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