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As the year draws to a close, regulators have been busy publishing their last reports of the year. HMT published its AML/CFT supervision report for 2020-2022, the Joint Regulatory...
The Government’s plans to scrap the bankers’ bonus cap moved a step closer to reality this week, as the PRA and FCA published a consultation paper fleshing out how they propose...
For material risk takers (MRTs) and firms who may have grappled with remuneration restrictions when seeking public appointments, there is relief in sight. In a pragmatic move, the PRA...
Reports on key recent regulatory developments focussing on banking and finance. Contents COVID-19: PRA update on disclosure of exposures subject to COVID-19 response measures Prudential framework for non-systemic banks and building societies: PRA DP1/21 "Higher paid material risk taker": PRA CP9/21 on correcting definition Remuneration benchmarking and remuneration high earners reporting templates: PRA statement BRRD: European Commission adopts Delegated Regulation on contractual recognition of stay powers CRR: EBA consults on draft ITS on supervisory reporting relating to additional liquid...
Brexit Please see the Other Developments section for the MoU agreed between the ECB, FCA and BoE on post-Brexit supervisory cooperation, effective from 1 January. Capital Markets Please see the Markets and Markets Infrastructure section for a speech by Mairead McGuinness, European Commissioner for Financial Services, Financial Stability, and Capital Markets Union on future regulatory developments. Consumer / Retail Please see the Markets and Markets Infrastructure section for a statement by Steven Maijoor, ESMA Chair, to the EP’s Economic and Monetary Affairs Committee relating to GameSto...