Financial Regulation Weekly Bulletin - 24 March 2022

Click on the headings below to access each section:

General

• COVID-19 - FSB publishes report on financial stability, FinTech and market structure
• Online Safety Bill - revised text and explanatory notes published
• Financial stability - FPC publishes Summary and Record of meetings
• Russian invasion of Ukraine - FCA updates webpage on operational and cyber resilience
• Increased award limits - FOS publishes announcement
• Nature-related financial risks - NGFS publishes statement

Beyond Brexit

• Central clearing framework review - ESRB publishes response to European Commission’s targeted consultation

Banking and Finance

• CRR - Commission Delegated Regulation containing RTS on assessment methodology for use of IRB approach published in OJ
• CRD IV - EBA publishes final report and guidelines on common supervisory procedures and methodologies for SREP and supervisory stress testing
• CRR - EBA publishes final report on draft RTS on estimating default probabilities and losses given default
• Securitisation Regulation - ECB publishes guide on notification of securitisation transactions
• Central Bank Digital Currencies - HM Treasury and Bank of England publish response to House of Lords report
• Cryptoassets and decentralised finance - FPC publishes report on financial stability
• New forms of digital money - Bank of England publishes responses to discussion paper
• UK implementation of Basel III - PRA clarifies intended timetable
• Cryptoassets - PRA publishes Dear CEO Letter
• Priorities for credit regulation - FCA publishes speech
• Cryptoassets - FCA publishes notice
• Retail Banking Market Investigation Order 2017 - CMA publishes letters to two banks
• Retail Banking Market Investigation Order 2017 - CMA publishes letter to OBIE

Securities and Markets

• Emerging retail market conduct issues - IOSCO publishes consultation
• PRIIPs KID - European Commission adopts Delegated Regulation on extension of transitional arrangements
• MiFIR - Commission Delegated Regulation on derogation criteria for DRSPs published in OJ
• MiCA - ECON publishes report on proposed Regulation
• Central clearing - ECB publishes speech
• FX Global Code - Bank of England publishes statement of commitment
• COVID-19 - FCA publishes Primary Market Bulletin No.39
• Sustainable finance - IFRS Foundation announces alignment with GRI

Asset Management

• AIFMD and UCITS Directive - ESRB responds to European Commission’s proposed amendments
• Custody and fund services firms - FCA publishes portfolio letter
• British Steel Pension Scheme - NAO publishes report

Insurance

• 2021 EU-wide insurance sector stress test - EIOPA publishes recommendations
• Operational resilience in the insurance sector - FCA publishes webpage

Financial Crime

• AML/CFT - EBA publishes round 2 report on NCAs’ approaches to bank supervision
• AML/CTF controls in overseas jurisdictions - HM Treasury updates advisory notice