Financial Regulation Weekly Bulletin – 9 November 2023

Click on the headings below to access each section:

General

• The Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) (No. 2) Order 2023 - draft statutory instrument and consultation response published
• Regulatory regime for systemic payment systems using stablecoins and related service providers - Bank of England publishes Discussion Paper
• Innovations in the use by deposit-takers of deposits, e-money and stablecoins - PRA publishes Dear CEO letter
• Fiat-backed stablecoins - FCA publishes Discussion Paper on its proposed regulatory regime

Banking and Finance

• Basel Framework - BCBS publishes finalised technical amendments
• BRRD and SRM Regulation - ECON votes to adopt draft report on MREL reform

Securities and Markets

• Cyber risk and digital resilience - ESMA announces new union strategic supervisory priority
• The Financial Services and Markets Act 2023 (Benchmarks and Capital Requirements) (Amendment) Regulations 2023 - draft statutory instrument published
• The Financial Services and Markets Act 2023 (Resolution of Central Counterparties: Calculation of Maximum Amounts for Cash Calls and Use of Specified Funds) Regulations 2023 - statutory instrument published
• The Financial Services and Markets Act 2023 (Resolution of Central Counterparties: Deferment of Provisions in Resolution Instruments) Regulations 2023 - statutory instrument published
• CCP supervisory stress test - Bank of England publishes 2023 results

Asset Management

• Financial crime and Consumer Duty outcomes - FCA publishes Dear CEO letter to wealth management and stockbroking firms

Financial Crime

• Anti-fraud systems and complaint handling - FCA publishes multi-firm review findings