Events listed in information
New consolidated version: Council Regulation (EU) No 359/2011 of 12 April 2011 ...
ID 21409
A new consolidated version of Council Regulation (EU) No 359/2011 as regards „restrictive measures directed against certain persons, entities and bodies in view of the situation in Iran“ was published in the Official Journal (OJ) of the EU. The Regulation thereby contains amendments to its Annex I including a list of sanctioned individuals, firms, and bodies which were made by [Council Implementing Regulation (EU) ...
New consolidated version: Council Regulation (EU) 2020/1998 of 7 December 2020 ...
ID 21407
A new consolidated version of Council Regulation (EU) 2020/1998 with respect to sanction measures directed against persons and entities associated with serious human rights violations and abuses was published in the Official Journal (OJ) of the EU. The Regulation contains amendments to its Annex I setting out a list of sanctioned natural and legal persons, entities and bodies which were made by [Council Implementing ...
Letter from David Bailey and Charles Woods ‘UK Deposit Takers Supervision: 2023 ...
ID 21405
The Prudential Regulation Authority, PRA, has published a Dear CEO Letter addressed at chief executive officers (CEOs) of PRA-regulated financial institutions. Therein, the PRA specifies its 2023 (supervisory) priorities regarding depository institutions the key ones of which are briefly summarized below: (1) Credit risk: As global inflation and interest rates are at very high levels and as economic uncertainty continues to prevail, the PRA ...
EBA GL 2021 14 – GLs on internal governance for investment firms under ...
ID 21404
On 10 January 2023, the European Banking Authority (EBA) has published an updated version of the compliance table for its „Guidelines on internal governance under Directive (EU) 2019/2034“. To recall, these IFD Guidelines (EBA/GL/2021/14) were published in November 2021 to take effect five months from then and shall support the implementation of a „clear organisational structure with well‐defined, transparent and consistent lines of responsibility“, .. ...
New consolidated version: Commission Implementing Regulation (EU) 2016/1801 of 11 ...
ID 21402
A new consolidated version of Commission Implementing Regulation (EU) 2016/1801 as regards the mapping of relevant credit assessments for securitisations issued by external credit assessment institutions (ECAIs) to the credit quality steps set out in the Capital Requirements Regulation (CRR) was published in the Official Journal (OJ) of the EU. The consolidated version includes the amendments made by Commission Implementing Regulation (EU) 2022/2365 which ...
Innovation Hub: Market insights
ID 21400
The Financial Conduct Authority (FCA) has published an update on the level and area of participation in the FCA’s regulatory sandbox and innovation hub. The disclosed information contains data collected between 2014 and December 2022 and shows (1) the number of firms participating in the sandbox and hub by market sector; (2) the key technological areas and focus of participating firms; and (3) and ...
Letter from Nathanaël Benjamin and Rebecca Jackson ‘International banks active in ...
ID 21399
The Prudential Regulation Authority, PRA, has published a Dear CEO Letter addressed at chief executive officers (CEOs) of PRA-regulated international banks. Therein, the PRA specifies its 2023 (supervisory) priorities regarding international banks operating in the UK. The key priorities are briefly summarized below: (1) Financial resilience: As the economy is on a downside and as high financial market volatility persists, the PRA expects banks ...
Our Strategic Plan for 2023-25
ID 21398
The Bank of Italy has published its Strategic Plan for the 2023-2025 period, outlining five strategic objectives to be achieved through 17 action plans. These objectives include – strengthening the stability and safety of the financial system, – promoting innovation in economics and finance, – protecting bank and financial service customers, – promoting energy transition and protecting the environment, and – improving the organization’s ...
New consolidated version: Directive 2009/65/EC of the European Parliament and of ...
ID 21397
A new consolidated version of the Undertakings for Collective Investment in Transferable Securities Directive, UCITS Directive (Directive 2009/65/EC) was published in the Official Journal (OJ) of the EU. The version includes changes made by Directive (EU) 2021/2261. In particular, the UCITS Directive has been amended to prevent that EU UCITS that are sold as packaged retail and insurance-based investment products (PRIIPs) to investors will ...
Letter from Charlotte Gerken and Shoib Khan ‘Insurance Supervision: 2023 priorities’
ID 21396
The Prudential Regulation Authority, PRA, has published a Dear CEO Letter addressed at chief executive officers (CEOs) of PRA-regulated insurance enterprises. Therein, the PRA specifies its 2023 (supervisory) priorities regarding insurance and reinsurance undertakings operating in the UK. The key priorities are briefly summarized below: (1) Financial resilience: As the economic outlook is rather sobering with a forecasted recession in the UK and as ...