Financial Regulation Weekly Bulletin – 28 September 2023

Click on the headings below to access each section:

General

• Data challenges in cross-border payments - FSB publishes report

• Appointed representative regime - FCA publishes webpage on use of data

• Diversity and inclusion in the financial sector - FCA and PRA launch consultations

• DORA - ESAs publish report on the landscape of ICT third-party providers

Sustainability

• Responsible Banking Principles - UNEP FI publishes progress report

• Prudential treatment of environmental and social risks - ESRB publishes advice

• SFDR - ESAs publish report on the extent of voluntary disclosure of principal adverse impacts

Banking and Finance

• Standardised information requirements to support sales of NPLs - European Commission adopts Implementing Regulation

• EBA launches 2023 EU-wide transparency exercise

• Alignment of ring-fencing and resolution regimes - HM Treasury publishes response to Call for Evidence

• Near-term reforms of the ring-fencing regime - HM Treasury launches consultation

• Basel 3.1 standards - PRA adjusts UK implementation date

• Capitalising FX exposures for market risk - PRA publishes consultation (CP17/23)

• Risks from third-country subsidiaries and branches - PRA consults on ring-fencing regime (CP20/23)

• Consumer credit product sales data reporting - FCA launches consultation (CP23/21)

• Supervisory priorities for corporate finance firms - FCA publishes portfolio letter

• Diversified indices under the CRR - Commission Implementing Regulation published in OJEU

Securities and Markets

• Annual Work Programme 2024 - Published by ESMA

Asset Management

• Financial promotions for high-risk investments - FCA publishes multi-firm review findings

• AIFMD II - European Parliament updates procedure file

Insurance

• Solvency II and matching adjustment reforms - PRA publishes Consultation Paper (CP19/23)

• BSPS consumer redress scheme - Reporting guide published by FCA

Financial Crime

• Tackling APP fraud - City of London Corporation and FCA launch joint data project

Enforcement

• Pension transfer advice failings - FCA takes action against two individuals