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Showing 1 - 10 of 72 matches filtered by 'FS Eurozone and Single Market'

  • Brexit news for financial services firms- - from 12 October 2019 to 18 October 2019

    Commentary This week saw the successful conclusion of negotiations over the revised Withdrawal Agreement (“WA”) (see Document 2 below) and the Queen’s Speech (see Document 1 below). However, the outcome of the Brexit process remains uncertain and the new domestic legislative program is overshadowed by the prospects of a general election.
  • Brexit news for financial services firms - from 14 September 2019 to 27 September 2019

    FCA: Temporary transitional powers Further to the directions made on 28 March 2019, FCA has updated and published draft directions and updated its explanatory note providing guidance on the use of the TTP.
  • Brexit news for financial services firms – from 10 May 2019 to 24 May 2019

    1. PRA: Speech by Sam Woods: Stylish regulation Text of this speech, given on 16 May 2019 follows, in which Sam Woods considers the UK system of regulation post-Brexit, including comparing the UK and EU approaches to regulation. He sets out six principles for an effective regulation framework and suggests ...
  • Brexit update for financial services firms - week ending 13 July 2018

    The week in outline: Her Majesty’s Government (HMG) published its long awaited White Paper ‘The future relationship between the United Kingdom and the European Union’ on July 12. In summary, and as expected, HMG announced a major policy change with a new bifurcated approach to the trading relationship: HMG now ...
  • Brexit update for financial services firms - week ending 6 July 2018

    The week in outline: The week was dominated by domestic UK politics and the cabinet's Brexit 'away day' at Chequers. The cabinet statement (see document 1 below) released on Friday night confirmed the anticipated approach of HM Government (HMG). This high-level document is due to be followed by the publication ...
  • Brexit update for financial services firms - week ending 22 June 2018

    The week in outline: The week was dominated, again, by the EU (Withdrawal) Bill. The bill has completed the parliamentary process and now only awaits the formality of Royal Assent. The Act will repeal the European Communities Act 1972 and provide the mechanism for the domestication (or ‘on-shoring’ or ‘porting’) ...
  • Brexit update for financial services firms week ending 8 June 2018

    The week in outline: Verena Ross of ESMA has emphasised that Brexit requires ESMA to strengthen the Capital Market Union and reform third country treatment. This begs the question whether the EU is toughening its third country regime in financial services as a negotiation strategy and a failsafe against a ...
  • Brexit one year on: financial services

    Since the Brexit referendum, the UK’s financial services sector has moved relatively quickly to close out the risks to its business and clients. In stark contrast there has been little, if any, progress (despite much debate) in clarifying what will happen to the EU legal structure in which UK financial ...
  • Guidance of the European Central Bank on Non-Performing Loans/Exposures for Banks

    On 20 March, the European Central Bank (ECB) published a guide on non-performing loans ("Guidance to banks on non-performing loans", the Guidance) for banks. Said Guidance was published after a process beginning in 2014 when the ECB identified the key risk for Eurozone banks as the existence and maintenance of ...
  • A new UK/EU relationship in financial services: a bilateral regulatory partnership

    The proposals in the UK Prime Minister’s speech on 17th January and the White Paper on 2nd February will require a new construct for cross-border regulatory coordination between the EU and the UK, which will operate in a complex legal and regulatory environment (outside the EU/EEA single market). CMS and ...