28 Apr 2023

Financial Regulation Weekly Bulletin – 27 April 2023

Includes developments in relation to: the regulation of digital assets; fintech; CRR; CRD IV; IFD; UK EMIR; liability driven investment; MiCA; and WTR.

Click on the headings below to access each section:

General

  • Work of the FCA - Treasury Committee publishes letter and response
  • Occasional Consultation Paper CP8/23 - published by PRA
  • Regulation of digital assets - FCA publishes speech
  • Fintech - FCA publishes speech
  • Complaints data - FCA publishes data for H2 2022
  • Mental health and money - Money & Pensions Service publishes guidance
  • Skills for the future of financial services - FSSC publishes report

Banking and Finance

  • CRR - EBA publishes final report on draft RTS specifying the determination by originator institutions of the exposure value of SES in securitisations
  • CRD IV and IFD - EBA publishes Consultation Paper on benchmarking diversity practices
  • Climate-related and environmental disclosures - ECB publishes report on 2022 supervisory assessment
  • Fostering a well-functioning credit market - FCA publishes speech

Securities and Markets

  • Financial stability aspects of commodities markets - FSB publishes report
  • Securitisation Regulation - EBA publishes Consultation Paper on the STS criteria for on-balance-sheet securitisation
  • CFD providers and market abuse - FCA publishes Market Watch No. 73
  • UK EMIR - FCA publishes final validation and XML Schemas

Asset Management

  • Asset Management Taskforce - HM Treasury publishes statement on re-establishing taskforce and launch of technology working group
  • Reserved Investor Fund (Contractual Scheme) - HM Treasury and HMRC publish Consultation Paper
  • Liability-driven investment - FCA publishes multi-firm review on guidance for asset managers

Insurance

  • Cyber risks - IAIS publishes global insurance market report
  • Climate insurance protection gap - ECB and EIOPA publish joint Discussion Paper
  • Multi-occupancy building insurance - FCA publishes Consultation Paper (CP23/8**) and multi-firm review
  • Buildings insurance in multi-occupancy residential buildings - UK Government and FCA publish correspondence
  • British Steel Pension Scheme consumer redress - FCA updates webpage on tools for firms
  • Bulk annuities - PRA publishes speech

Financial Crime

  • MiCA and WTR - European Parliament adopts texts
  • Cash-based money laundering - FCA publishes new webpage

 

This material is provided for general information only. It does not constitute legal or other professional advice.

Contact Information
Selmin Hakki
PSL Counsel at Slaughter and May