12 Nov 2021

Financial Regulation Weekly Bulletin - 11 November 2021

Includes developments in relation to: the Future Regulatory Framework Review; Pillar 3 disclosures; CRR; crowdfunding; and pre-paid funeral plans.

Click on the headings below to access each section:

General

  • Climate-related litigation against financial institutions - NGFS publishes technical document
  • Annual levy - FSCS publishes update on 2021/22 levy and forecast on 2022/23 levy

Beyond Brexit

  • Future Regulatory Framework Review - HM Treasury publishes consultation paper
  • The Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2021 (2021 No. 1252)
  • EMIR - The Bank of England consults on approach to ‘tiering’ non-UK CCPs
  • CCP equivalence - European Commission publishes statement on extension of UK-based CCP equivalence

Banking and Finance

  • Climate-related financial risks, prudential treatment of cryptoassets, G-SIB assessment methodology - Basel Committee provides update
  • Pillar 3 disclosure requirements - Basel Committee publishes revised market risk disclosures and voluntary disclosure of sovereign exposures templates
  • Economic and Financial Affairs Council - Outcome of meeting published
  • EU CRR - EBA publishes final report on institutions’ Pillar 3 disclosures on interest rate risk exposures
  • CRD IV - EBA publishes final report on common assessment methodology for credit institution authorisation
  • Machine learning - EBA publishes discussion paper
  • CRR - EBA publishes final report relating to draft RTS on minimum loss given default values
  • BRRD - EBA publishes final report and guidelines on recovery plan indicators
  • Crowdfunding service providers - EBA publishes final report relating to draft RTS
  • Central Bank Digital Currencies - HM Treasury and Bank of England publish statement
  • COVID-19 - Bank of England publishes ‘Dear CEO’ Letter to FMIs on the distribution of profits
  • Occasional Consultation Paper - PRA publishes Policy Statement on responses
  • Bank ring-fencing legislation - FMLC publishes report on issues of legal uncertainty

Securities and Markets

  • UCITS and PRIIPS - Reports on use of key information documents under the UCITS Directive and EU PRIIPS Regulation
  • Crowdfunding - ESMA publishes final report on draft technical standards
  • EMIR - EBA publishes consultation paper relating to RTS on initial margin model validation

Insurance

  • Supervisory colleges - IAIS publishes application paper
  • Insurer culture - IAIS publishes issues paper
  • Pre-paid funeral plans - FCA publishes Policy Statement
  • General insurance pricing practices - FCA updates webpage on final rules
  • The Occupational and Personal Pension Schemes (Conditions for Transfers) Regulations 2021 - DWP publishes response

Financial Crime

  • Anti-money laundering and terrorism financing - IAIS publishes application paper
Contact Information
Selmin Hakki
Senior PSL at Slaughter and May