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