Events listed in report / study
Joint Regulatory Oversight Committee highlights 2023 progress and sets out future ...
ID 26334
On December 18, 2023, the Financial Conduct Authority (FCA) issued a press statement to inform that the Joint Regulatory Oversight Committee (JROC) has provided an update on the advancements in open banking which aims to introduce a new generation of payment products and services in the UK to promote accessibility to banking services, foster inclusion, and enhance the entire banking experience of customers. Currently, ...
Integration, Sustainability and Competitiveness: Reflections and recommendations ...
ID 26333
AFME published a report issuing reflections and recommendations for banking and capital markets policy in anticipation of the next EU legislative cycle. Highlighting challenges arising from strained public finances, demographic shifts, and a significant need for annual investments, the report underscores the critical importance of fostering open, deep, and integrated capital markets to support EU corporates and citizens. The recommendations put forth by AFME ...
SEC Issues Staff Report on Accredited Investor Definition
ID 26322
The U.S. Securities and Exchange Commission (SEC) has issued a press release to inform that it recently conducted a review of the „Accredited Investor“ definition as mandated by the Dodd-Frank Act. The review is typically conducted every four years and aims to ensure appropriate investor protection in the private securities marketplace (Regulation D securities market) where securities are exempt from registration and thus exempt ...
The EBA proposes a voluntary EU green loan label to help spur markets
ID 26313
EBA has issued an opinion and a report in response to the EC’s call for advice on green loans and mortgages. In this response, the EBA proposes the introduction of a voluntary EU label for green loans, aiming to stimulate the market and contribute to the EU’s sustainability objectives. The proposed label would be based on a common EU definition and integrated into the ...
FI Analysis No. 43: d-SRI: A systemic risk indicator for Sweden
ID 26272
The FI has performed an analysis on the Swedish economy using the d-SRI (developed by the ECB based on the risks that led to crises in the past) and data from the Swedish Central Bank to cater the country’s domestic condition. d-SRI is intended to detect early signs of an upcoming crisis caused by domestic factors. 6 factors that make up the d-SRI are: ...
OFSI Annual Reviews
ID 26263
The Office of Financial Sanctions Implementation (OFSI) has published its Annual Review 2022-23 which provides a comprehensive overview of the significant developments and achievements in the use of financial sanctions at both global and UK levels during 2022/2023 – which the review titles „a historic and transformative period“. The review underscores the critical role of financial sanctions in addressing threats to UK and global ...
Financial Stability Oversight Council Releases 2023 Annual Report
ID 26255
The Financial Stability Oversight Council has released its 2023 annual report on the state of play of the U.S. financial system and the soundness of the U.S. banking system in accordance with Section 112 of the Dodd-Frank Act. The report is published on a yearly basis to (1) outline major trends in financial markets and in particular the U.S. market; (2) identify and describe ...
Retail banking Consumer Duty multi-firm work
ID 26254
The Financial Conduct Authority (FCA) has published the findings from a review of the implementation of the Consumer Duty among retail banks, which became effective in July 2023. The review was conducted among 47 institutions to ascertain that customers are served the best way possible in alignment with the high product, price, and quality standards of the Duty. The FCA thereby – reviewed how ...
[ESMA81-168987738-671 ] Report on sanctions imposed under the Benchmarks Regulation ...
ID 26239
The report by ESMA on Administrative Sanctions and Measures and Criminal Sanctions under the Benchmarks Regulation in 2022 is the second annual report under the Benchmarks Regulation. In 2022, the report reveals that one administrative sanction and one administrative measure were imposed by two NCAs for infringements of the Benchmarks Regulation, with no criminal sanctions reported. The low number of sanctions in 2022 limits ...
Basel Committee publishes assessment reports on the implementation of its global ...
ID 26232
The BCBS published assessment reports evaluating the implementation of its global standards in Mexico and Switzerland. The assessments are conducted as part of the Committee’s RCAP, a comprehensive initiative aimed at evaluating the adherence of member jurisdictions to Basel standards. These assessment reports provide valuable insights into the regulatory frameworks of Mexico and Switzerland concerning NSFR, LEX, and LCR standards. The publication of such ...