Financial Regulation Weekly Bulletin - 14 July 2022

Click on the headings below to access each section:

General

• Cryptoasset activities - FSB publishes statement on international regulation and supervision
• Climate-related financial risks - FSB publishes progress report on roadmap
• Cryptoassets - Treasury Committee launches inquiry
• FCA Chair and Board members - Appointed by HM Treasury
• Climate change risks - FPC publishes speech
• Crypto winter - Bank of England publishes speech
• Future of UK regulation - FCA publishes speech
• Inclusion measurement guide - FSSC publishes update

Beyond Brexit

• Temporary permissions regime - FCA updates webpage on rules

Banking and Finance

• Interlinking payment systems and application programming interfaces - CPMI publishes report
• 2021 bank resolvability assessment - published by SRB
• Economy-wide climate stress test - ECB publishes results
• Capital and Liquidity Buffers - PRA publishes speech
• SME collections and recoveries review - FCA publishes multi-firm review
• ABLV Bank AS v Single Resolution Board (SRB) EUECJ T-280/18

Securities and Markets

• Operational resilience during COVID-19 - IOSCO publishes Final Report (FR06/22)
• Stablecoin arrangements - CPMI and IOSCO publish joint guidance on application of the Principles for Financial Market Infrastructures
• Russian invasion of Ukraine - ESMA publishes statement on prospectus supervision
• EMIR - ESMA publishes statement on third country CCP recognition decisions
• Benchmarks Regulation - ESMA publishes consultation paper on RTS on form and content of application for recognition
• EMIR and MiFIR - ESMA publishes consultation paper on RTS on the CO and DTO
• CSDR - ESMA publishes consultation paper on amendment to cash penalty process for cleared transactions
• UK EMIR - PRA and FCA publish joint consultation paper on margin requirements for non-centrally cleared derivatives

Insurance

• Differential pricing practices - EIOPA publishes consultation paper
• Draft Pensions Dashboards Regulations 2022 - DWP publishes government response to consultation
• Solvency II Review - PRA publishes speech
• ISPVs - PRA publishes Consultation Paper (CP10/22) on updates to authorisation and supervision

Financial Crime

• Using AI to fight financial crime - ECB publishes speech
• The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) (No. 2) Regulations 2022 - Statutory instrument and explanatory memorandum published
• Russian invasion of Ukraine - NECC publishes red alert on financial sanctions evasion
• Russian invasion of Ukraine - Treasury Committee publishes FCA letter on sanctions

Enforcement

• Vladimir Consulting Limited v The Financial Conduct Authority UKUT 168 (TCC)