Financial Regulation Weekly Bulletin - 16 March 2023

Click on the headings below to access each section:

General

• Digital technologies - HM Treasury publishes Digital Technologies Report and its response
• Fast-growing UK firms - FCA publishes findings of multi-firm review
• Perimeter report - published by FCA

Banking and Finance

• Silicon Valley Bank - Bank of England publishes statement and Transfer Instrument
• The Amendments of the Law (Resolution of Silicon Valley Bank UK Limited) Order 2023 - Order and explanatory memorandum published
• Climate change adaptation - PRA publishes report on climate-related risks and the regulatory capital frameworks
• Non-performing exposures - PRA publishes Consultation Paper (CP6/23)
• Support for mortgage borrowers - FCA publishes finalised guidance (FG23/2)
• Payment firms - FCA publishes Portfolio Letter

Asset Management

• AIFMD, EuSEF and EuVECA Regulations, Crowdfunding Regulation - ESMA updates Q&As

Insurance

• Insurance Core Principles 9 and 10 - IAIS publishes Peer Review of Supervisory Review and Measures
• Supervision of climate-related risks - IAIS publishes Consultation Paper
• Differential pricing practices - EIOPA publishes Supervisory Statement and Feedback Statement

Financial Crime

• Transparency and beneficial ownership of legal persons and arrangements - FAFT publishes guidance
• Countering ransomware financing - FATF publishes report
• Breaches of financial sanctions - OFSI publishes updated guidance on enforcement and monetary penalties

Enforcement

• Penalty statements - PSR publishes Consultation Paper