19 Nov 2021

Financial Regulation Weekly Bulletin - 18 November 2021

Includes developments in relation to: Solvency II; Climate-related financial risks; CRR; APP scams; and LIBOR

Click on the headings below to access each sections

General

  • Pre-paid funeral plans - FCA publishes Dear CEO letter

Beyond Brexit

  • Solvency II - HM Treasury publishes draft Regulations and explanatory guidance

Banking and Finance

  • Real-time gross settlement systems - CPMI publishes Consultative Report
  • Climate-related financial risks - Basel Committee publishes Consultation Paper
  • European Payment Institutions Federation - Commissioner McGuinness delivers speech at annual conference
  • CRR - Commission Implementing Regulation on mapping tables published in OJ
  • ESEP and EREP - EBA publishes two programmes
  • NSFR - EBA publishes report on the functioning of precious metals markets
  • PSD2 - European Commission publishes call for advice
  • Securitisation Regulation - ECB consults on draft Guide on securitisation transaction notification
  • FPC O-SII buffer framework - Bank of England publishes Consultation Paper
  • Domestic liquidity sub-groups - PRA publishes Policy Statement
  • CRR - PRA publishes webpage
  • Debt packagers - FCA publishes Consultation Paper
  • APP scams - PSR publishes Consultation Paper
  • SME Banking Undertakings - CMA publishes letter to Danske Bank

Securities and Markets

  • Commodity derivatives markets - IOSCO publishes Consultation Report on regulation and supervision
  • LIBOR - ESMA publishes letter to European Commission
  • LIBOR - ESMA publishes Final Report
  • CCP Recovery and Resolution Regulation - ESMA publishes six Consultation Papers
  • Critical Benchmarks (References and Administrators’ Liability) Bill - House of Lords publishes updated explanatory notes
  • Market conduct - FCA publishes Primary Market Bulletin No. 36 and Primary Market Technical Note
  • Market conduct - FCA publishes Market Watch issue 68
  • LIBOR - FCA publishes statement on legacy use of synthetic LIBOR rates and no new use of US dollar LIBOR, together with draft Notices and Feedback Statement FS21/11
  • Structured reporting - FCA and FRC publish joint Dear CEO letter

Asset Management

  • IFD - SREP - ESMA and EBA publish joint Consultation Paper
  • IFR - Pillar 2 requirements - EBA publishes Consultation Paper on draft RTS

Insurance

  • Diversity, equity and inclusion - IAIS publishes statement
  • Liquidity metrics - IAIS publishes Consultation Document
  • Solvency II - European Commission publishes Implementing Regulation for calculating technical provisions and basic own funds

Enforcement

  • AML - FCA fines Sunrise Brokers
Contact Information
Selmin Hakki
Senior PSL at Slaughter and May