1 min read
Includes developments in relation to: data sharing; the consumer duty; overseas appointed representatives; CRR; SRB bail-in; financial stability; UK stress testing; diversity in insurance; AML/CTF; money mules; and mistreatment of pension funds.
General
- Proposed Regulation to facilitate data sharing and re-use by financial sector authorities - ECB publishes opinion
- Consumer duty milestone - FCA webinar to be held
- Overseas appointed representatives - FCA publishes new webpage
Banking and Finance
- Disclosures under CRR - EBA publishes final report
- Standardised approach for counterparty credit risk under CRR - EBA publishes final report
- AT1, Tier 2 and TLAC-MREL instruments - EBA publishes monitoring report
- Bail-in - SRB publishes document on executing its decision
- Financial stability - Bank publishes record of FPC meeting and 2024 Financial Stability Report
- Stress testing the UK banking system - explanatory scenario exercise launched by Bank of England
Insurance
- Diverse consumers in the insurance sector - IAIS launches consultation
- Outcomes monitoring under the consumer duty - FCA publishes findings from multi-firm review
Financial Crime
- EU AML and CTF legislative proposals - EBA publishes its 2024/25 priorities
Enforcement
- Introduction of explicit money mule warnings - FCA rejects complainant's suggestion
- Mistreatment of pension funds - FCA takes action against individuals