Financial Regulation Weekly Bulletin - 21 May 2020

Click on the headings below to access each section:

General

• Corporate Insolvency and Governance Bill 2019-21 - first reading in the House of Commons
• Data collection in the UK financial sector - Bank of England updates webpage on review
• Data collection in the UK financial sector 0 Bank of England updates webpage on review
• Gregory and others v A.R.G. (Mansfield) Ltd [2020] EWHC 1133 (Ch)

Brexit

• Draft UK-EU Comprehensive Free Trade Agreement - published by HM Government

Banking and Finance

• CRR - European Parliament publishes timetable for proposal
• BRRD - EBA consults on draft RTS on the contractual recognition of stay powers
• BRRD - EBA publishes report on interlinkages between recovery and resolution planning
• COVID-19 - ECB publishes Opinion on amendments to the prudential framework
• Climate-related and environmental risks - ECB consults on draft Guide
• BRRD and SRM Regulation - SRB publishes consultation on its standardised valuation data set
• MREL - SRB publishes final MREL policy
• COVID-19 - FCA publishes response to inquiry
• Complaints - BBRS publishes interim findings of its live pilot

Securities and Markets

• COVID-19 - ESMA publishes statement on half-yearly financial reports
• Pre-cessation fallbacks - ISDA publishes report summarising responses to consultation on implementation proposals

Insurance

• COVID-19 - FCA publishes statement on BI insurance in light of its High Court test case
• Adams v Options Sipp UK LLP (formerly Carey Pensions UK LLP) and the Financial Conduct Authority [2020] EWHC 1229 (Ch)

Financial Crime

• AML and CTF - JMLSG consults on new sectoral guidance on pooled client accounts

Enforcement

• Anti-competitive arrangements in the financial services sector - CMA updates case timetable
• Burford Capital Ltd v London Stock Exchange Group plc [2020] EWHC 1183 (Comm)