Supervisory Statements News Today

Hymans Robertson article on the latest on Consumer Duty

In April this year the Bank of England (the Bank) shared a series of proposals focused on outsourcing and third-party risk management within financial market infrastructure firms...

On 14 April 2022, the Bank of England (BoE) published three consultation papers on "Outsourcing and third party risk management" applicable to Financial Market Infrastructures (FMIs)....

Brexit Please see the other sections for product-specific updates relating to Brexit. Please see our Brexit financial services webpage which contains, amongst other things, tables detailing Brexit statutory instruments, equivalence decisions, EEA transitional regimes and UK regulators’ publications.  FCA and PRA on passporting in and out of Gibraltar after the transition period On 31 December, the FCA published a new webpage on Gibraltar passporting arrangements, with the PRA publishing its ...

Recent regulatory developments focussing on banking and finance.  Contents End of Brexit transition period: BoE and SRB cooperation arrangement MREL and resolvability for mid-tier banks: BoE extends deadline MREL: BoE discussion paper CRD V implementation and designation of firms within certain consolidation groups: PRA PS29/20 International banks: PRA CP2/21 on approach to branch and subsidiary supervision Transposing BRRD II: PRA PS28/20 LIBOR transition: Working Group paper on credit adjust...

To embed, copy and paste the code into your website or blog: Recent regulatory developments focussing on banking and finance. See developments of broader scope in the Related Materials links. Contents CRR II: PRA CP22/20 on designation of firms within certain consolidation groups Systemic risk buffer rates: PRA update BRRD: PRA PS25/20 on simplified obligations for recovery planning BRRD II: FCA statement on transposition COVID-19: FCA guidance consultation on BBLS and collecting debts Bank mer...