Financial Regulation Weekly Bulletin - 25 November 2021

Click on the headings below to access each section:

General

• FSB plenary - Summary of recent meeting published
• CMU action plan - European Commission publishes Communication on progress
• EU digital finance package - Council adopts position on MiCA and DORA
• Distributed ledger technology - European Parliament and European Council agree pilot regime

Beyond Brexit

• See the Banking and Finance section for an item on a speech relating to the future of UK financial services delivered by the Economic Secretary, John Glen MP. 

Banking and Finance

• G-SIBs - FSB publishes 2021 list and Basel Committee publishes assessment methodology
• Mortgage Credit Directive - European Commission launches public consultation
• CRD IV - Implementing Regulation containing amendments to ITS on benchmarking of internal models under CRD IV Directive published in OJ
• CRR and risk-weighted exposure amounts of collective investment undertakings - EBA publishes final report and draft RTS
• Management of climate and environmental risks - ECB publishes report
• Eurosystem oversight framework for electronic payment instruments, schemes and arrangements - ECB publishes framework
• SEPA payment scheme - EPC publishes revised guidance an updated version of its Creditor Identifier Overview and a clarification paper
• New directions for the future of UK financial services - Speech by economic secretary, John Glen MP
• Cross-border payments - Bank of England publishes speech by executive director for banking, payments and innovation
• Operational resilience, OCIR and financial and mixed activity holding companies - PRA publishes consultation paper (CP21/21)
• Open Banking lessons learned - CMA publishes terms of reference
• Open banking - UK Finance publishes report on future strategy
• Sustainable finance and the regulatory landscape - AFME published Guide

Securities and Markets

• ESG ratings and data products providers - IOSCO publishes final report
• LIBOR cessation - FSB publishes statement urging engagement and transition
• Margin calls - ESRB publishes compliance report
• CCP investment practices for highly liquid financial instruments and money market funds - ESMA publishes consultation paper
• Emissions allowances and derivatives thereof - ESMA publishes preliminary report
• BMR, CSDR, EMIR, ECSPR, MiFIR and the Securitisation Regulation - ESMA updates Q&As
• MiFID recovery package - ESMA publishes final report on draft RTS for new commodity derivatives framework
• EMIR - ESMA publishes discussion paper on clearing thresholds
• MAR - ESMA publishes annual report on administrative and criminal sanctions
• Establishment of a consolidated tape - Commission adopts proposals to amend MiFID II Directive and MiFIR
• European single access point - European Commission adopts legislative proposal
• UK EMIR - Bank of England and FCA publish joint consultation paper (CP21/31)
• Assessment of securitisation repositories - FCA publishes statement
• Code recognition scheme - FCA recognises updated FX Global Code and the Global Precious Metals Code
• UK IFPR - FCA publishes additional MIFIDPRU application forms

Asset Management

• Remuneration and governance under the IFD - EBA publishes revised guidelines
• UCITS and PRIIPs - European Parliament adopts quick fix amendments
• Changes to UCITS and AIFMs Directives - European Commission adopts legislative proposal
• ELTIF Regulation - European Commission adopts legislative proposal
• Principles of Remuneration for 2022 - IA publishes report and letter to chairs of FTSE 350 remuneration committees

Insurance

• IAIS annual general meeting and conference - Summary made available
• Solvency II - EIOPA publishes annual report on capital add-ons
• Solvency II review - PRA publishes speech
• General insurance pricing practices - FCA updates webpage with forms
• Non-workplace pensions - FCA publishes consultation paper (CP21/32)

Financial Crime

• Economic crime (anti-money laundering) levy - House of Commons publishes amendment paper to the Finance (No. 2) Bill
• AML and CTF - HM Treasury publishes supervision report 2019/20