Financial Regulation Weekly Bulletin - 18 April 2024

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Includes developments in relation to: financial data access; DORA; cyber resilience; transition plans; climate scenario analysis; EDIS; MREL reforms; ISO 20022 migration; motor finance complaints; matching adjustment reforms; and APP scams.

General

  • Legislative proposal for a framework for financial data access - ECON votes to adopt draft report on proposed Regulation
  • DORA - ESAs launch consultation on joint examination teams
  • Macroprudential tools for cyber resilience - ESRB publishes report
  • FCA and Bank of England - HMT publishes MoU
  • Transition plans - NGFS publishes package of reports

Banking and Finance

  • Climate scenario analysis - BCBS publishes discussion paper
  • EDIS Regulation - ECON adopts report
  • MREL reforms - Council publishes adopted text of proposed Directive
  • ISO 20022 migration - Bank of England publishes policy statement and consultation paper
  • Innovation in UK payments - Bank of England publishes speech
  • Motor finance complaints - FCA publishes statement and Dear CEO letter

Securities and Markets

  • Enhancing liquidity preparedness for margin and collateral calls - FSB launches consultation report
  • IOSCO publishes 2024-2025 work plan

Asset Management

  • Applying for authorisation in the asset management sector - FCA publishes guidance

Insurance

  • Matching adjustment reforms - PRA publishes statement

Financial Crime

  • Authorised push payment scams - PSR launches consultation into reimbursement requirement