Events listed in Banks
Insurer Resolution Regime: Consultation
ID 24523
Following the consulation on a new resolution regime for large, systemically important insurance and reinsurance undertakings including financial and insurance holding companies (please see eventid=19368 for details), the HM Treasury have now issued a consultation outcome paper in this context. Therein, the government briefly describes the responses it has received to the consultation, which were overall supportive, and sets out the Government’s response to ...
Exploratory study into management of sustainability risks by management companies ...
ID 24520
The Dutch Authority for the Financial Markets (AFM) conducted an exploratory study on how management companies of Dutch collective investment companies handle sustainability risks. The study was prompted by changes to the Undertaking for Collective Investment in Transferable Securities (UCITS) Directive and the delegated Alternative Investment Fund Managers Directive (AIFMD), which apply from 1 August 2022. It took place in two phases and focused ...
FCA Innovation explainer video
ID 24519
The Financial Conduct Authority (FCA) has published a first video to provide information to UK financial market firms on the options they have as regards the testing of innovative products and services or as regards the evaluation of such products and services in terms of applicable regulatory requirements. Specifically, the video briefly describes the pro-innovation support the FCA offers to firms of all sizes, ...
Federal Reserve Board releases results of survey of senior financial officers at ...
ID 24518
Following the semi-annual survey among senior financial officers at banks about their strategies and practices for managing reserve balances between May 5, 2023 and May 19, 2023, the Board of Governors of the Federal Reserve System (FED) has now published the results. The survey helps the regulator to gain an understanding of deposit pricing and behavior, bank liability management, the provision of financial services, ...
Interim Report of the Working Group on Capital Market Regulations
ID 24515
The FSA has recently released „Cabinet Office Order to Amend the Cabinet Office Order on Financial Instruments Business, etc.“ (only available in Japanese) following a comprehensive public consultation process. This development was instigated by recommendations delineated in the „Interim Report of the Working Group on Capital Market Regulations“ (only available in Japanese) a document crafted by the Working Group on Capital Market Regulations within .. ...
Digital Sandbox explainer video
ID 24514
The Financial Conduct Authority, FCA, has published a first brief digital sandbox explainer video to aid firms in their decision to participate in a sandbox and in their way along. Specifically, the video describes – the scope of the sandbox; – who the sandbox is for; – what support firms can expect from the regulator in the participation of the sandbox. Additional information on ...
Regulatory Sandbox explainer video
ID 24513
The Financial Conduct Authority, FCA, has published a first brief regulatory sandbox explainer video to aid firms in their decision to participate in a sandbox and in their way along. Specifically, the video describes – the scope of the sandbox; – who the sandbox is for; – what support firms can expect from the regulator in the participation of the sandbox. Additional information on ...
PRA Regulatory Digest – July 2023
ID 24509
The Prudential Regulation Authority (PRA) has published the latest version (July 2023) of its monthly regulatory digest. The digest outlines the Authority’s ongoing regulatory activities ranging from the launch of consultations, to the issuance of policy statements, to the implementation of regulatory changes and provides links to corresponding (legal) documents. The regulatory digest presents a viable source of information to stay up-to-date on regulatory ...
Silicon Valley Bank: BaFin erkennt Maßnahmen von US-Behörden an
ID 24505
Mit der Veröffentlichung einer Allgemeinverfügung hat die BaFin offiziell die Maßnahmen anerkannt, die die FDIC, die US-Einlagensicherungsbehörde, infolge des Ausfalls der Silicon Valley Bank ergriffen hat. Im März 2023 transferierte die FDIC bestimmte Geschäftsbereiche der US-basierten Bank zu einem Brückeninstitut und veräußerte in der Folge Teile des Geschäfts an die First-Citizens Bank & Trust Company in den Vereinigten Staaten. Dabei blieb das Geschäft der ...
OFSI General Licences
ID 24499
The Office of Financial Sanctions Implementation, OFSI, of the HM Treasury has issued a new General License INT/2023/3263556 in connection with the sanction measures imposed on the Russian Federation (SI 2019/855). Under General Licence INT/2023/3263556 from August 1st 2023, it is allowed to exchange monetary transactions (make or receive payments) to Irish GTLK and its subsidiaries, related to insolvency, despite the sanctions on Russian ...