Financial Regulation Weekly Bulletin - 11 November 2021

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