Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

Retired Member 

Law Society sets out views on EMIR reporting requirements

The City of London Law Society (CLLS) regulatory law committee has published a memorandum on the potential legal uncertainties which may arise as to the application of the European Markets Infrastructure Regulation (EMIR) – and specifically its reporting requirements - to ordinary corporate transactions and arrangements (e.g. between companies and...

20 March 2014

Retired Member 

EBA consults on margin periods for risk under the CRR

The European Banking Authority (EBA) has published a consultation paper on draft regulatory technical standards (RTS) on the margin periods for risk used for the treatment of clearing members’ exposures to clients under the Capital Requirements Regulation (CRR). In order to incentivise the use of central counterparties (CCPs) the CRR introduces a ...

14 March 2014

Retired Member 

EBA analyses differences in leverage ratio definitions

EBA report on the impact of differences in leverage ratio definitions under the CRR identifies data issues at several banks The European Banking Authority (EBA) has published a report which contains a policy analysis and quantitative impact assessment aligning to the current Capital Requirements Regulation (CRR) definition of the leverage ratio ex...

14 March 2014

Retired Member 

EBA publishes fifth report on Basel III monitoring exercise

The European Banking Authority (EBA) has published its fifth report on the Basel III monitoring exercise on the European banking system. This was run in parallel with the exercise conducted by the Basel Committee on Banking Supervision at a global level and monitored the impact of the implementation of the Basel III requirements in the EU. A tota...

13 March 2014

Retired Member 

ERSB report gives an overview of macro-prudential policy

The European Systemic Risk Board (ESRB) has published a flagship report aimed at policy makers, which gives an overview of the new macro-prudential policy framework in the EU and provides an overview on how to operationalise the new macro-prudential instruments. The report is accompanied by a more detailed handbook which assists macro-prudential ...

13 March 2014

Retired Member 

HMRC updates guidance notes on UK FATCA regulations

HM Revenue & Customs (HMRC) has published updated guidance notes that reflect contributions from UK businesses and advisors on the HMRC webpage for the implementation of the International Tax Compliance (United States of America) Regulations 2013. The updated guidance notes supersede the version published on 14 August 2013. Further amendments ...

12 March 2014

Retired Member 

EIOPA updates Solvency II submission of information to NCAs

The European Insurance and Occupational Pensions Authority (EIOPA) has updated its questions and answers (Q&As) on the submission of information to national competent authorities (NCAs) in connection with the Solvency II Directive. Q&A 30 has been added. Related link: https://eiopa.europa.eu/publications/eiopa-guidelines/qa-on-eiopa-guidel...

12 March 2014

Retired Member 

EBA publishes procedure to settle cross-border disagreements

The European Banking Authority (EBA) has published a decision setting out the procedural rules to regulate the establishment and functioning of an independent panel to facilitate the impartial settlement of cross-border disagreements between competent authorities. The EBA decision includes rules on: the composition and appointment of the panel (Ar...

11 March 2014

Retired Member 

FCA opens test environment for CRD IV reporting

The Financial Conduct Authority (FCA) has updated its webpage on the supervisory reporting framework under the Capital Requirements Directive (CRD IV). All firms affected by CRD IV can now register with the FCA to take advantage of the test environment for their report. The aim is to ensure that both the technical construction and the software f...

11 March 2014

Retired Member 

FCA explains its role in regulating the commodity markets

The Financial Conduct Authority (FCA) has published a new webpage setting out its role in regulating the commodities markets. The FCA has set out its views on the regulatory challenges arising from commodity derivative markets and the key changes that will be introduced by implementing the G20 commitments reflected in the Markets in Financial Ins...

10 March 2014