Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

Retired Member 

HM Treasury consults UK reporting requirements under CRD IV

Following consultation on country-by-country reporting under the fourth Capital Requirements Directive (CRD IV) HM Treasury is seeking final views on the country-by-country reporting draft legislation and draft guidance. The regulations require each institution to publicly disclose annually on a consolidated basis, by country of establishment: the...

12 December 2013

Retired Member 

New FCA webpage on CRD III rules

The FCA has published a new webpage containing information about investment firms which may continue to comply with CRD III (i.e. firms subject to the BIPRU prudential sourcebook for Banks, Building Societies and Investment Firms) rules from 1 January 2014, rather than moving to CRD IV (IFPRU the prudential sourcebook for investment firms and the C...

11 December 2013

Retired Member 

FCA details its pragmatic approach to reporting obligations

The Financial Conduct Authority (FCA) held the Markets Conference in November in which Martin Wheatley, Chief Executive, FCA, and David Lawton, Director of Markets, FCA, both delivered keynote speeches. Mr Wheatley surveyed the new global regulatory landscape and how it has changed in recent history, emphasising its global nature and tightened re...

09 December 2013

Retired Member 

FCA sets out conduct expectation for insurers

Clive Adamson, the Financial Conduct Authority’s (FCA) Director of Supervision, spoke at the Insurance Institute of London. In his speech, Mr Adamson discussed the FCA’s overall aim for the insurance industry, which is to work with it to enhance public trust, so that when consumers purchase insurance products and services, they can be confident th...

05 December 2013

Retired Member 

FCA publishes new webpage of approved person applications

The Financial Conduct Authority (FCA) has published a new webpage which gives information of the volumes of approved person applications for controlled functions that it has received and made a decision upon. These figures will be published every six months, starting with the period from 1 April 2013 to 30 September 2013. The information published ...

04 December 2013

Retired Member 

FCA confirms GABRIEL to be used for close links reporting

The Financial Conduct Authority (FCA) has detailed changes to its Handbook from September 2013 to November 2013. Changes to the Controllers and Close Links Reporting provisions require that these reports now be submitted electronically through the GABRIEL system. This is to reduce submission errors and issues with reports not being logged as rec...

04 December 2013

Retired Member 

ISDA members commit to begin trade reporting to MAS

The International Swaps and Derivatives Association (ISDA), on behalf of 20 industry participants, has submitted a letter to the Monetary Authority of Singapore (MAS) to drive trade reporting of over-the-counter (OTC) derivatives in Singapore ahead of the mandatory reporting timeline of April 1, 2014. As key participants in the OTC derivatives se...

02 December 2013

Retired Member 

MAS finalises derivative trade reporting rules-31 Oct 2013

The Monetary Authority of Singapore (MAS) has published its response to feedback received form its consultation on reporting of derivative contracts. The final requirements now appear in the Securities and Futures (Reporting of Derivatives Contracts) Regulations 2013. MAS provided comments on the feedback received and has confirmed that: there ...

02 December 2013

Retired Member 

CFTC allows use of LEIs for reporting regulations and more

The Commodities and Futures Trading Commission (CFTC) has confirmed that registered entities and swap counterparties subject to the CFTC swap data record keeping and reporting regulations concerning Legal Entity Identifiers (LEIs) can now comply with those regulations by using and LEI issued by an LEI provider endorsed by the Regulatory Oversight ...

29 November 2013

Retired Member 

ESMA publishes list non-EEA CCPs

The European Securities and Markets Authority has published a list of central counterparties (CCPs) established in non-EEA countries which have applied for recognition under article 25 of the European Market Infrastructure Regulation (EMIR). Related Link: http://www.esma.europa.eu/content/List-central-counterparties-CCPs-established-non-EEA-countr...

28 November 2013