Huw Jones
3 minute read
TV screens show the German DAX Index during a trading session at the Frankfurt stock exchange, amid the coronavirus disease (COVID-19) outbreak, in Frankfurt, Germany, December 30, 2020. REUTERS/Ralph Orlowski
The bulk of share trading in the European Union takes place on exchanges with relatively little inside banks, an industry body said on Tuesday in a bid to stop what it called bourses seeking to perpetuate their dominance .
The EU is reviewing its stock and bond trading rules, known as MiFID II, triggering a battle between exchanges and their top customers, the banks and large asset managers, over competition.
Government urged to add scam protections to Online Safety Bill
Group of organisations calls for the government to use the Online Safety Bill to protect people from cyber scams
Share this item with your network: By Published: 07 May 2021 0:01
A coalition of organisations representing consumers, civil society and business is urging the government to include protections from online cyber scams in the Online Safety Bill, warning that Westminster’s much-quoted ambition to make the UK “the safest place in the world” to be online risks being unattainable.
In joint letter presented today (7 May) to home secretary Priti Patel and digital secretary Oliver Dowden, the group will call on the government to include online scams in the bill to better protect consumers from “the devastating financial and emotional harm caused by these crimes”.
Consumer champions lobby govt for tougher online protection
By Michael Klimes 7
th May 2021 9:33 am
Seventeen of the most influential consumer groups have called on the government to crack down on internet scams.
They urge the government to include online scams in its proposed Online Safety Bill in a joint letter to the Home Secretary and Digital Secretary.
The organisations want consumers to be better protected against the financial and emotional harm caused by these crimes.
Scams have escalated in the past 12 months as Action Fraud figures showed £1.7bn was reportedly lost to scams in the last year.
Many criminals have shifted their activity online as Action Fraud estimates that in the year to June 2020, 85% of all fraud was cyber-enabled.
<p><span>ISDA and the Association for Financial Markets in Europe (AFME) have published their views and recommendations on key priorities in the sixth Capital Requirements Directive and the third Capital Requirements Regulation (CRD VI, CRR III).</span></p>
ISDA: Response To HM Treasury Consultation On The Implementation Of Basel III Standards Date
01/04/2021
On April 1, 2021, ISDA and the Association for Financial Markets in Europe submitted a joint response to HM Treasury (HMT) on its consultation on implementing the Basel III standards.
The UK Financial Services Bill allows HMT to revoke provisions from the Capital Requirements Regulation (CRR) so the Prudential Regulatory Authority (PRA) can introduce updated prudential rules for credit institutions and PRA-designated investment firms equivalent to the EU’s CRR2.
Chapter two of the consultation paper is a statement of how HMT intends to exercise its revocation power, and chapter three seeks respondents’ views on HMT’s approach to applying the standardized approach (SA) reporting requirements under the Fundamental Review of the Trading Book (FRTB).