• Banking & Finance
  • Banking & Finance

Banking & finance

Reports, news and data relating to the Banking & Finance sector.

Access the full Reform Tracker

Status:

Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation (1286/2014) has been adopted but is not yet in force. The European Commission has delayed the entry into force by one year (previously expected to enter into force 31 December 2016). The PRIIPs Regulation and Delegated Regulations apply as of 1 January 2018.

Latest Reports

  • emobility image

    Top report

    FCA sets out cryptoasset business registration and fee requirements

    16.10.2019

    On 15 October 2019, the Financial Conduct Authority (“FCA”) published consultation paper CP19/29: Recovery of costs of supervising cryptoasset businesses under the proposed anti-money laundering regulations: fee proposals (“CP19/29”).  

  • Car fuel image

    FCA consulting on discretionary commission models and disclosure in motor finance

    15.10.2019

    Following the publication in March this year of the findings from its review of the motor finance sector, the FCA has today opened a consultation on plans to: implement a ban on discretionary commission arrangements in the motor finance sector; and update the commission disclosure requirements in the Consumer Credit Sourcebook (“CONC”), part of the FCA handbook, for all providers of consumer...

  • Glass sky

    Brexit news for financial services firms - from 5 October 2019 to 11 October 2019

    15.10.2019

    Commentary Writing on the weekend of 11/12th October and as the Hallowe’en deadline approaches, it seems to get more, rather than less, difficult to predict the Brexit flightpath and the ultimate destination. Of the multitude of possibilities, virtually none, if any, can now be ruled out. The UK may or may not leave the EU. If it leaves, it may do so under an Article 50 Withdrawal Agreement (WA)...

  • waiting for interview

    EBA comments on the implementation of its new Outsourcing Guidelines

    14.10.2019

    EBA says progress has been slow and more needs to be done by banks to be operationally resilient and resolution ready.

  • Coins image

    FCA publish rules in relation to Overdraft Pricing and Competition Remedies

    08.10.2019

    As part of its review into high-cost credit, the FCA has published new rules designed to simplify and improve transparency of overdraft pricing. The rules, coming into force on 6 April 2020,  require firms to publish a range of overdraft pricing details – with a view to increasing consumers’ awareness of firms’ overdraft charging structures. Firms will be under an obligation to publicise, on a quarterly...

See more reports

Jargon Buster

Jargon Buster search

Don’t recognise an acronym or term? Simply search for it!

Access the full database

Useful links

Agency Database

Access full app

Future Dates

* Estimated date

  • *31 October 2019

    Exit date is:

    •  31 October 2019 if the UK holds European Elections, but UK Parliament has not ratified the WA before that date; or
    •  The 1st day of the month after ratification if UK Parliament ratifies the WA before October 2019.

  • 31 December 2019

    Following PRA's policy statement (PS10/17) - operational continuity firms are expected to submit the template (PRA109) 45 business days after the first reporting period ending 31 December.

  • *2020

    The date by which all references to CRA ratings in laws and regulations relating to banks are to be removed. This will be done by the Commission based on technical advice from ESMA. EIOPA will be responsible for implementation.

Access full app

Latest sector news

  • 22.10.2019

    ESMA: European common enforcement priorities for 2019 annual financial reports

    ESMA’s statement highlights the priorities that European enforcers will consider when examining the 2019 annual financial reports of listed companies, including IFRS 9 (financial Instruments for... credit institutions),the potential implications of the transition from one interest rate benchmark rate to another and the importance of disclosures analysing the possible impacts of Brexit.
    Supporting links:
    Show more Show less
  • 22.10.2019

    HoC European Scrutiny Committee: 1st Report of Session 2019-20

    Sections 1, 4 and 10 of the report consider the Brexit UK contributions to the EU budget in 2019 and 2020 in the event of no... deal, financial support for European businesses from the EU budget in the event of no deal and UK access to the EU market for financial services after Brexit respectively. With regard to the last of these, the Committee has asked HMT to clarify by 31 October 2019 if the Government is seeking any changes to the sections of the Political Declaration on the future UK-EU relationship related to financial services; to confirm if the Government is considering seeking equivalence under EU law post-Brexit; and, if so, under which specific pieces of EU legislation such equivalence is being prioritised.
    Supporting links:
    Show more Show less
  • 22.10.2019

    TSC: Brexit economic analysis

    TSC has commented on Sajid Javid’s letter with regard to the above, saying “the Government must … urgently explain why the previous analysis of an FTA... does not correspond to the FTA in the political declaration and provide clarity on what the impact is of the current proposal”.
    Supporting links:
    Show more Show less
  • 22.10.2019

    Goods Mortgages Bill

    The text of the Bill, which is intended to make provision for a new form of non-possessory security that may be created over goods owned by... individuals and to repeal the Bills of Sales Acts 1878 and 1882, follows. The first reading took place on 21 October 2019. The second reading (debate on the Bill) is yet to be scheduled.
    Supporting links:
    Show more Show less
  • 22.10.2019

    FRC: Climate-related corporate reporting

    FRC’s report suggests that companies are falling short of investors’ expectations for clearer reporting on climate-related issues.
    Supporting links:

See more news

News Wizard

Download a PDF of all News Items related to this topic.

Date range:
Advanced Wizard Advanced Wizard

Partner Details

Expand team

View full team