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

Tuesday, 3 March 2015
New FSDN and FSNet from Wednesday 4 March; Outcomes of the FATF plenary meeting; CRD 4 – EBA RTS and ITS on benchmarking portfolios; Bribery and corruption enforcement review – phase II terms of reference; BoE notification requirements for CCP qualifying holding notifications; CRD 4 – EBA publishes revised XBRL taxonomy for supervisory reporting; ESMA overview of all guidelines and technical standards; ESAs credit ratings by financial intermediaries consultation – deadline for comments extended; FCA handbook notice; Court considers whether contractual term is a penalty; Solvency II – EIOPA technical document regarding the risk free interest rate term structure; Solvency II – PRA 2015 data collection exercises

Monday, 2 March 2015
EBA Opinion on EU lending-based crowdfunding; PRA consultation paper on external auditors and actuaries; ELTIF Regulation – ECON supplementary report; BoE document on MI programme reforms; FCA policy statement on retirement risk warnings; CRD 4 - EBA single rulebook Q&As; CSD Regulation - EBA consults on draft RTS for CSDs; NAO report on financial services regulation, redress and advice; CRD 4 - PRA updates webpage; FATF updates on AML and CTF compliance; FATF report on financing the terrorist group ISIL; Solvency II – European Commission call for advice from EIOPA on the possible amendment of the Delegated Regulation; CMA consults on revised draft Private Motor Insurance Market Investigation Order 2015

Friday, 27 February 2015
New FSDN and FSNet from Wednesday 4 March; ISDA key principles and initiatives to improve regulatory transparency; MiFID 2 – Switching on the light without turning-off the tap – speech by Verena Ross (ESMA); IOSCO and CPMI monitoring reports on principles for financial market infrastructures; IOSCO and CPMI quantitative disclosure standards for CCPs; ECB Decision on annual supervisory fees under the SSM; Former corporate manager pleads guilty to insider dealing charges; FSB publishes responses to consultation on global securities financing data collection and aggregation; Hong Kong SFC obtains court order to wind up listed company; Now available through FSnet: insurance and reinsurance news – February 2015 issue – Solvency II and run-off

Thursday, 26 February 2015
New FSDN and FSNet from Wednesday 4 March;The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (Amendment) Regulations 2015;IOSCO final report on prudential standards in the securities sector;ESMA peer review report on best execution supervisory practices under MiFID;The future of payments systems: stability through change - speech by David Bailey (BoE);The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2015;ICAEW updated technical guidance on skilled persons reports;European Commission staff working document on the CMU;Report on implementation of IOSCO’s Principles for financial benchmarks;ECB guide for the assessment for card payment schemes against oversight standards;Financial Services and Markets Act 2000 (Miscellaneous Provisions) (No 2) Order 2015;CRR - EBA opinion on CVA risk;Now available through FSnet: Article on ‘UK enforcement round-up for 2014 and looking ahead’

Wednesday, 25 February 2015
New FSDN and FSNet from Wednesday 4 March; High Court rejects application for judicial review of FOS decision; CMA final report on payday lending; FCA consultation on changes to consumer credit rules and guidance; FCA fines Aviva Investors £17.6m for failing to manage conflicts of interest; FOS complaints data; From darkness cometh light? Some early messages from the Fair and Effective Markets Review consultation responses - speech by Andrew Hauser (BoE)

Tuesday, 24 February 2015
FCA and PRA consult on NEDs in respect of the SMR and the application of presumption of responsibility to senior managers; FCA and PRA consult on whistleblowing in deposit-takers, PRA-designated investment firms and insurers; FCA note on handling disclosures from whistleblowers; ESMA revised work programme for 2015; CLLS responds to FCA retail distribution and FEMR consultations; FCA publishes occasional paper on firms’ approach to consumer vulnerability; Hong Kong SFC bans former CEO of securities company for 12 months over internal control failures

Monday, 23 February 2015
CRR - amendment to the implementing regulation laying down ITS relating to supervisory reporting of institutions in OJ; CRD 4 - EBA single rulebook Q&As; IOSCO publishes responses to consultation on post-trade transparency in CDS market; FCA new webpage on fund authorisation and supervision; CSD Regulation – responses to ESMA consultation on implementing measures for settlement regime; Solvency II – PRA letter on equity release mortgages; EIOPA report on functioning of colleges and accomplishments of its 2014 action plan; Solvency II – PRA updates supervisory statement on recognition of deferred tax

Friday, 20 February 2015
Solvency II – PRA consults on applying EIOPA’s set 1 guidelines to PRA-authorised firms; ESMA consultation on MiFID 2/MiFIR transparency RTS; FCA feedback on “use of dealing commission” discussion paper; FCA launches first wholesale market study into investment and corporate banking competition; FCA materials on whistleblowing; Consultation on draft ITS amending ITS on supervisory reporting on Liquidity Coverage Ratio – EBA publishes responses; Now available through FSnet: Article on the recast EC Insolvency Regulation

Thursday, 19 February 2015
European Commission publishes Capital Markets Union Green Paper; FCA publishes thematic review of asset management firms and the risk of market abuse; EBA publishes opinion on review of CRR definition of “eligible capital”; Consultation on guidelines on asset segregation under AIFMD – ESMA publishes responses; Progress of EU legislation - indicative dates for European Parliament plenary sessions; Basel III monitoring – revised FAQs published by BCBS; IOSCO publishes responses to securitisation consultation; PRA liquidity waivers and modifications – extensions available

Wednesday, 18 February 2015
Ring-fenced banks – HM Treasury publishes response to consultation on draft pensions regulations; Insurance fraud taskforce publish terms of reference

Tuesday, 17 February 2015
Commission endorses ESMA regulatory technical standards on EMIR clearing obligation; ESMA technical advice on EuSEF and EuVECA Regulations now available; ESMA publishes its credit rating agency and trade repository annual report; CRR - Implementing Regulation on ITS on currencies with extremely narrow definition of central bank eligibility under CRR; BCBS provides updated Basel III implementation monitoring workbook; Lending Standards Board publishes pre-arrears themed review; BRRD member state Q&A document published; IAIS adopts new stakeholder engagement policies; FCA issues “Dear CEO” letter for firms providing certain pension schemes

Monday, 16 February 2015
Council of the EU agrees on negotiating mandate for Benchmark Regulation;EBA publishes new Q&As on the single rulebook;ELTIF Regulation to be considered at European Parliament plenary session;UK government comments on progress of MMF Regulation and Benchmark Regulation;FCA publishes data on its use of attestations;Solvency II – PRA directors’ update letter

Friday, 13 February 2015
Insurance Act 2015;FMLC letter to European Commission on proposed Regulation on reporting and transparency of SFTs;AIFMD - FCA update regarding Annex IV transparency reporting and Gabriel;Treasury Committee publishes agreement between FCA and banks on IRHPs;Regulation on benchmarks - indicative date for European Parliament plenary session;EIOPA letter on recovery and resolution;Monetary Authority of Singapore enters into novel settlement agreement with former CEO

Thursday, 12 February 2015
CRR - responses to EBA consultation on draft RTS on materiality threshold of past due credit obligations; FSB letter on financial reform priorities for 2015; G20 finance ministers and central bank governors' February 2015 communique; MAS consultation on reforms to OTC derivatives trading and the securities market

Wednesday, 11 February 2015
MLD 4/Wire Transfer Regulation - Council endorses agreement with European Parliament; EBA report on the implications of regulatory measures for banks’ business models; IA discussion paper on meaningful disclosure of costs and charges; AIFMD - Delegated Regulation on the information to be provided by ESMA by competent authorities - Council intention not to object; Solvency II – PRA review balance sheet, technical provisions and own funds

Tuesday, 10 February 2015
FCA policy development update; BRRD - responses to EBA consultation on draft guidelines on triggers for resolution; Proposed Regulation on benchmarks - negotiating mandate; ECB opinion on the review of the mission and organisation of the ESRB

Monday, 9 February 2015
FCA final guidance on TRUP; CRR - ECB draft decision on inclusion of interim or year-end profits in CET1; House of Lords Select Committee inquiry on CMU; BRRD – EBA single rulebook Q&As; BCBS updated FAQs on Basel III monitoring; FSB publishes responses to consultation on common international standard on TLAC for G-SIBs in resolution; FCA - PSR confirms payment strategy forum working group

Friday, 6 February 2015
Joint Forum report on credit risk management across sectors; IAIS launches thematic self-assessment and peer review on market conduct; FCA consults on buy-to-let mortgages; FCA modification by consent of COBS 13 and 14 with regard to access to pension funds

Thursday, 5 February 2015
IOSCO seeks better understanding of other CRA products and services; EMIR - ESMA feedback statement on clearing obligation for non-deliverable forwards; European Commission fines broker €14.9 million for facilitating cartels in Yen interest rate derivatives; FCA rules for independent governance committees for firms providing certain pension schemes; EIOPA technical advice on conflicts of interest in direct and intermediated sales of insurance-based investment products; EIOPA opinion on sales via the internet of insurance and pension products; Solvency II – EIOPA publishes symmetric adjustment of the equity capital charge; EIOPA starts work on infrastructure investments; Now available on FSnet: briefing “Recovery and resolution planning: Public consultation on a resolution regime for financial institutions in Hong Kong”

Wednesday, 4 February 2015
BCBS consultation on guidance on accounting for expected credit losses; MAR - ESMA final report on technical advice on delegated acts; Amending Regulation regarding ECB powers to impose sanctions in OJ; EMIR - further exemption for central clearing of OTC derivatives by pension funds recommended; ESMA call for evidence regarding competition, choice and conflicts of interest in the CRA industry; FMLC discussion paper on coordination in the reform of international financial regulation; FCA review of the regulatory regime for crowdfunding; Solvency II – EIOPA final reports on guidelines on the system of governance and own risk and solvency assessment; MiFID 2 – update on investor protection issues: FIG client seminar

Tuesday, 3 February 2015
BCBS – Basel III monitoring workbook and instructions; CRR – Amending Commission Delegated Regulation with regard to RTS for own funds; FMLC paper on FSB’s proposal for an international standard on TLAC; House of Lords EU Select Committee – report on the post-crisis EU financial regulatory framework; FCA prosecution - two defendants sentenced; FPC – new powers over housing market and leverage ratio for UK banks; Solvency II – EIOPA issues set 1 of guidelines in official EU languages; Solvency II – implications of EIOPA’s 2015 budget cuts; Solvency II – PRA updates webpage on internal model applications

Monday, 2 February 2015
EMIR – ESMA opinion on draft RTS on the clearing obligation for interest rate swaps; BRRD – EBA single rulebook Q&As; European Commission to consult on CMU; PRA consultation: depositor, dormant account and policyholder protection – amendments; AIFMD – FCA statement on Annex IV transparency reporting and GABRIEL; FCA to collect evidence on how the PPI complaints process is working; Insurance distribution in the single market – speech by Jonathan Hill (European Commission); FCA handbook notice

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