Financial Regulation Weekly Bulletin - 3 September 2020

Click on the headings below to access each section:

General

• SMCR - Bank of England and Financial Services Act 2016 (Commencement No.6 and Transitional Provisions) (Amendment) Regulations 2020 published
• Regulatory cooperation - DBEIS publishes response to OECD review
• Conduct and culture - FCA publishes feedback for 2019/20 for wholesale banking supervision
• Extension of SMCR implementation period - FCA updates webpage
• COVID-19 - Changes to regulatory reporting
• COVID-19 - FCA publishes new webpage

Brexit

• Temporary permissions regime - Bank of England launches new website on operational readiness for the Temporary Permissions Regime
• Temporary permissions regime - PRA publishes ‘Dear CEO’ letter on operational readiness

Banking and Finance

• BRRD II Directive - European Commission publishes corrigendum
• Resolution Colleges - EBA publishes 2019 Annual Report on resolution colleges
• Economic downturn - EBA issues Opinion regarding the European Commission’s intention to amend the final draft RTS
• Reinventing the wheel (with more automation) - speech by Andrew Bailey, Governor of the Bank of England
• Agenda for Research - Bank of England releases 2020 Agenda for Research
• LIBOR transition - Recommendation on convention for referencing compounded in arrears SONIA in the sterling loan market

Securities and Markets

• Central Counterparties - European Commission adopts draft RTS for CCP colleges under EMIR 2.2
• Regulatory Technical Standards - ESMA publishes Call for Evidence in the context of its review of transparency requirements for equity and non-equity instruments
• CSDR regulatory technical standards on Settlement Discipline - Postponement until 1 February 2020

Asset Management

• Sustainable finance - FMLC publishes response to joint consultation paper on ESG disclosures

Financial Crime

• Frozen assets reporting - OFSI publishes guidance

Enforcement

• Financial Services Register Complaint - Financial Regulators Complaints Commissioner publishes Final Report
• Final Notice - Julian Rifat