FIN.

Author - Jonny Williams

PRA publishes Pillar 2 policy statement

PRA has published its feedback to its consultation on updating the Pillar 2 capital framework in respect of capital buffers, and updated Statements of Policy and Supervisory Statements to include the changes.  The...

UK regulators announce data reforms

The FCA has released its new Data Strategy which outlines plans to develop its data capabilities through a renewed focus on the use of advanced analytics and automation techniques.  The FCA hopes this strategy, an...

FCA calls for input on open finance

FCA has launched a Call for Input on Open Finance. The concept builds on the principles of open banking and extends it to a wider range of products.  FCA has a vision that open finance will allow consumers and...

Basel Framework published

BIS has published a consolidated version of the standards prepared by the Basel Committee on Banking Supervision. The resulting Basel Framework pulls together the 14 standards and also includes current, historic and...

EP publishes position on NPLs

The European Parliament has published its draft report on the proposal for a Directive on credit servicers, credit purchasers and the recovery of collateral.  The proposal is intended to make sales of non-performing...

FCA endorses SEC no action letter

The FCA has endorsed SEC’s extension of its staff ‘no-action letter’ until 3 July 2023.  The no-action letter addresses potential conflicts between US regulation and MiFID 2. MiFID 2 permits investment...

FCA prosecutes for document destruction

FCA has brought its first prosecution for a destruction of documents offence under FSMA.  It has prosecuted Konstantin Vishnyak, who it was investigating for suspected insider dealing, for destroying documents which he...

BSB publishes Consumer Framework

BSB has published its Consumer Framework designed to show what good banking outcomes look like to consumers.  Following consultation feedback, the BSB has made some adjustments to its draft principles and examples of...