There has been much speculation as to how far the UK’s regulatory regime might change post-Brexit. However, any changes will be constrained by international factors, not least its future relationship with the EU
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The PRA’s demanding liquidity framework is a commercial opportunity
The UK’s tougher approach to liquidity reporting is at first glance yet another demanding requirement imposing extra compliance burdens on firms. But seen from another angle the greater visibility it creates around liquidity could create commercial opportunities
Whistleblower slams FCA for not acting on complaint
The UK’s Financial Conduct Authority (FCA) has come in for strong criticism from a whistleblower who used to work at Lloyds Banking Group for not acting on her complaint despite acknowledging its seriousness.
ESMA consults on equivalence regime for third country CCPs
Three consultation papers looking at how third country central counterparties (TC-CCPs) should be regulated have been launched by the European Securities and Market Authority (ESMA) with feedback requested by July 29.
Consequences of MiFID still unfolding ahead of pending review
Market participants and trade associations are drawing up ‘wish lists’ ahead of the European Commission’s review of MiFID II and MiFIR
Consultation launched on Eonia changes and switchover
The working group on euro risk free-rates launched a consultation on the methodology changes to the euro overnight index average (Eonia) starting October 2019 and its planned discontinuation at the end of 2021.
European parliament approves EU banking package
The EU has passed its banking package designed to transpose revisions to the Basel framework into EU law, but not everyone is happy with the result.
FCA signals return to principles-based approach post Brexit
Following the possible departure of the UK from the EU, the Financial Conduct Authority (FCA) would favour a regulatory approach that focuses on the same outcomes, but with a lower regulatory burden on firms.
ECB consults on supervisory fees
The European Central Bank (ECB) is seeking feedback on proposed changes to its supervisory fees and levies on covered banks and the timing of their collection.
ESAs gain more powers, but European Commission disappointed
The three European Supervisory Authorities have gained more power, but not as much as the European Commission asked for, while reactions from industry are mixed.
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- EU moves towards its own crypto-asset regime
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