16 Dec 2022

Financial Regulation Weekly Bulletin

Includes developments in relation to: the Edinburgh Reforms; the UK Green Taxonomy; Basel III; Single Supervisory Mechanism; LIBOR cessation; and liquidity management framework.

Click on the headings below to access each section:


  • Sustainable finance - EBA publishes roadmap
  • Financial Services and Markets Bill - First reading in House of Lords and revised text published
  • UK Financial Services - Edinburgh Reforms unveiled
  • Building a smarter financial services framework for the UK - HM Treasury publishes Policy Statement
  • Remit, recommendations and priorities for the FCA and the PRA - Letter sent by HM Treasury
  • UK Green Taxonomy - House of Commons publishes statement
  • Approaches to diversity and inclusion in financial services - FCA publishes multi-firm review
  • Regulatory initiatives grid - FCA updates timeline
  • Climate Financial Risk Forum - FCA updates webpage
  • ESG and the FCA - New ESG Advisory Committee established
  • Compensation framework review - FCA publishes Feedback Statement (FS22/5)
  • Financial stability - FPC publishes Summary and Record of meetings
  • Regulation of unbacked cryptoassets - UK Finance publishes report

Banking and Finance

  • Basel III - BCBS publishes evaluation report
  • Overall recovery capacity in recovery planning - EBA publishes Consultation Paper
  • Transparency and level of fees and charges for retail banking products - EBA publishes thematic review
  • Single Supervisory Mechanism - ECB publishes priorities for 2023-25
  • Ring-fencing regime reform - HM Treasury responds to Ring-fencing and Proprietary Trading Independent Review
  • Building Societies Act 1986 - HM Treasury responds to consultation
  • Modernisation of consumer credit legislation - HM Treasury announces plans
  • Payment Account Regulations - HM Treasury consults on proposed changes to information requirements
  • Wholesale cash distribution - Bank of England publishes Consultation Paper on supervisory approach
  • Statutory debt repayment plan - HM Treasury publishes response to Consultation Paper

Securities and Markets

  • Review of the securitisation prudential framework - ESAs publish joint advice to the European Commission
  • Wholesale markets reform - Investor reporting and other measures announced
  • Review of the Short Selling Regulation - HM Treasury publishes call for evidence
  • Primary Market Bulletin - published by the FCA
  • LIBOR cessation - FCA publishes notice of first decision to IBA

Asset Management

  • Liquidity management framework in open-ended funds
  • A new retail disclosure framework - HM Treasury publishes Consultation Paper on repealing PRIIPs and FCA publishes Discussion Paper (DP22/6)


  • Individual insurer monitoring assessment methodology - IAIS publish Consultation Paper
  • Framework for the assessment and mitigation of systemic risk and discontinuance of G-SIIs - FSB publishes statement
  • Cost of living - FCA publishes Dear CEO letter to life insurers


  • Publication of misleading information - FCA publishes Final Notice against bank and Decisions Notices against two individuals for breach of Listing Rules


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