Financial Regulation Weekly Bulletin - 4 April 2024

Click on the headings below to access each section:

General

• Transforming data collection in the UK financial sector - Bank of England and FCA share future strategy
• FCA publishes Handbook Notice 117

Banking and Finance

• Payment systems MoU - Bank of England, PRA, FCA and PSR conduct 2023 review

Securities and Markets

• Credit Rating Agencies Regulation - ESMA publishes Consultation Paper containing proposed revisions
• Accelerated settlement - HM Treasury publishes independent report and response

Insurance

• Insurance stress test 2024 - EIOPA publishes details on scenario and timeline
• Solvency II - EIOPA publishes Consultation Paper on reassessment of natural catastrophe risks in standard formula
• Supervision of reinsurance concluded with third country insurance and reinsurance undertakings - EIOPA publishes supervisory statement

Enforcement

• Enforcement under FSMA 2023 - Bank of England and PRA launch consultation
• Unauthorised investment schemes - FCA secures High Court approval for settlement
• Hayes and another v R, [2024] EWCA Crim 304, 27 March 2024