Financial Regulation Weekly Bulletin - 23 March 2023

Click on the headings below to access each section:

General

• SME access to FOS - FCA publishes call for input
• Simplified advice regime - FCA publishes speech
• Climate Financial Risk Forum - Webpage updated with new materials
• FCA appointments - Joint Executive Directors of Enforcement and Market Oversight
• Authorisation timelines - FCA publishes service and performance metrics
• Increased award limits - announced by the FOS
• Complaints data - published by the FOS

Banking and Finance

• 2023 work initiatives - published by the BCBS
• Single Supervisory Mechanism - ECB decisions published in OJ
• Fundamental Review of the Trading Book - EBA consults on expanded reporting
• Customer vulnerability - LSB publishes report
• APP scams - LSB updates CRM Code
• Silicon Valley Bank - Correspondence with Treasury Committee published
• Competition within the savings and mortgage markets - Treasury Committee publishes letter
• Access to cash - PSR publishes call for views on first annual review of Specific Direction 12
• APP scams - PSR publishes Policy Statement (PS23/1)
• Closure of SME Liaison Panel - BBRS publishes statement
• Credit Suisse - Statements published by the FCA, Bank of England, EBA, the SRB and the ECB

Securities and Markets

• EMIR 3 - ESRB makes recommendations
• MAR and the insider lists regime - ESMA publishes concerns
• Diversity on listed company boards - Primary Market Bulletin published by the FCA
• Notification and disclosure of net short positions under the UK Short Selling Regulation - FCA publishes updated webpage
• ESG benchmarks review - FCA publishes Dear CEO letter highlighting widespread failings

Asset Management

• Macro-prudential supervision of investment funds - ESMA publishes speech

Insurance

• Value for Money - Blog published by the Pensions Regulator

Financial Crime

• AML/CTF - JMLSG publishes revised guidance