01/27/2021
Regulatory Approaches to the Tokenisation of Assets
The report also identifies some key regulatory issues in tokenised assets and markets that policymakers should be aware of and/or which may warrant attention by policymakers.
Legal, Regulation & Compliance
01/27/2021
Basel Committee proposes amendments to rules on haircut floors for securities financing transactions
Technical amendments are defined as changes in standards that are not substantial in nature but that cannot be unambiguously resolved based on the current text.
01/27/2021
LIBOR – are you ready for life without LIBOR from end-2021?
Speech by Edwin Schooling Latter, Director Markets and Wholesale Policy at the FCA, delivered at City & Financial's Managing LIBOR transition event on 26 January 2021.
01/27/2021
Ireland Update – Investment Limited Partnerships (Amendment) Act 2020 Update
The majority of the provisions of the Act will be commenced on 1 February 2021.
01/27/2021
Brexit - ESMA reminds firms about MiFID rules on reverse solicitation
This stands regardless of any contractual clause or disclaimer purporting to state, for example, that the third country firm will be deemed to respond to the exclusive initiative of the client.
01/27/2021
Govt urged to sort out 'mess' of investment taxes
Under the current structure, people generating the same overall level of income can attract very different tax bills, according to the legal form in which they work.
01/27/2021
EU sustainable investment rules need better corporate data: banking report
As the main providers of finance to companies across the EU, the ability of the banking system to track and report on whether corporate activities are sustainable or not could prove crucial in assessing the rules’ success or otherwise.
01/27/2021
The Status of EU–UK Data Flows Following Brexit
The transfer of personal data will be subject to a separate adequacy decision from the EU due in early 2021.
01/27/2021
Challenges of Regulatory Reporting 2021
These challenges are set to continue into 2021 and beyond, as the sector continues to deal with unprecedented levels of complex regulatory change and ongoing, large-scale external stress events.
01/27/2021
Joint statement by the FCA, FRC and PRA
A statement today by the FCA allowing listed companies an extra 2 months to publish their audited annual financial reports.
01/26/2021
EBA announces timing for the launch of its 2021 EU-wide stress test exercise
The European Banking Authority (EBA) will launch its 2021 EU-wide stress test exercise with the publication of the macroeconomic scenarios on 29 January at 18:00 CET.
01/26/2021
Algorithms and consumer harm: CMA publishes new research paper and launches call for information
The paper also tackles well-trodden ground regarding the potential for algorithmic collusive practices, discussing both explicit and tacit coordination between firms, as well as hub-and-spoke collusion.
01/25/2021
Cyprus UBO disclosure regime for entities and other legal arrangements
A draft bill (incorporating the requirements of the Fifth Money Laundering Directive) is expected to be approved by the House of Representatives in due course.
01/25/2021
Deutsche Bank starts probe in relation to engagement with some clients
Deutsche Bank is said to be probing if its staff mis-sold sophisticated investment banking products to clients
01/25/2021
UK firms told 'set up in EU to avoid trade disruption'
The Cheshire Cheese Company said it had been advised by an official to set up in the EU after it was forced to stop its exports to the bloc due to trade rules that came in on 1 January.
01/25/2021
EU regulators given new Priips deadline
McGuiness has written to the EU’s three main financial regulators to demand they agree with the regulatory technical standards covering the presentation of costs and performance scenarios, according to the FT.
01/25/2021
UK moves to regulate 'stable tokens' with EU cryptoasset reform looming
The consultation itself acknowledges the rapid pace of change in this area that has been accelerated not only by evolving technology and innovations but by changing consumer needs and expectations, including as a result of the coronavirus pandemic.
01/25/2021
European Commission issues looming deadline to EU regulators for shake-up of PRIIPs rules
EU regulators have been given an end of January deadline by the European Commission's financial services commissioner Mairead McGuinness to come to an agreement about the overhaul of PRIIPs rules, the Financial Times has reported.
01/25/2021
UK broker TP ICAP to stop serving some EU clients, blames COVID-19
TP ICAP said it needs to bulk up its Paris hub with between 60 and 100 staff.
01/25/2021
Deutsche probes alleged mis-selling of investment banking products
Investigation at German lender was triggered by client complaints last year