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Showing 11 - 20 of 12218 matches filtered by 'Banking and finance'

  • BoE/FCA/RFRWG: Next steps for LIBOR transition in 2020

    16/01/2020
    BoE, FCA and the Working Group on Sterling Risk-Free Reference Rates have published documents which outline priorities and milestones for 2020... on LIBOR transition. BoE/FCA have published a joint letter to senior managers of UK banks and insurers which sets out the initial expectations of the regulators and a statement which encourages market makers to switch the convention for sterling interest rate swaps from LIBOR to SONIA on 2 March 2020. RFRWG has published documents which include details of its priorities and milestones; a report on benchmark rates; lessons learned from recent conversions of legacy LIBOR contracts and a factsheet. All of these may be downloaded via the following link.
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  • BIS: Speech by Denis Beau: Stablecoins - a good or a bad solution to improve our payment systems?

    16/01/2020
    Text of this speech by the First Deputy Governor of the Bank of France, which was given on 15 January 2020,... follows.
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  • HMT: Financial Inclusion Policy Forum meeting

    16/01/2020
    HMT has now published a summary of the meeting which took place on 7 October 2019.
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  • FCA: Enterprise Act Report

    16/01/2020
    FCA published its annual report covering the reporting period 21 June 2018 to 20 June 2019 in July 2019 and was... not due to publish its next report until July 2020. Due to the early General Election, FCA was required to publish a report on any regulatory provisions under the Enterprise Act for the period covering 21 June 2019 to 12 December 2019.
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  • BIS: Speech by Margarita Delgado: The European Banking Union

    16/01/2020
    Text of this speech by the Deputy Governor of the Bank of Spain, which was given on 14 January 2020, follows,... in which she discusses aspects of the SSM, the Banking Union and Capital Markets Union.
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  • EC: Regulation in relation to financial reporting and interest rate benchmark reform

    16/01/2020
    Commission Regulation (EU) 2020/34 of 15 January 2020 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with... the IAS with regard to IAS 39, IFRS 7 and 9 has been published in the Official Journal.
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  • EBA: Peer review report on the application of regulatory technical standards on identified staff

    16/01/2020
    EBA’s report looks at the application by competent authorities of its regulatory technical standards on the criteria to identify categories of... staff whose professional activities have a material impact on an institution’s risk profile. It covers the period from 1 January 2015 to 31 December 2017. EBA notes a number of best practices and weaknesses from competent authorities and concludes that there are no deficiencies nor major issues regarding the application of the standards.
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  • IOSCO: Clock synchronisation

    16/01/2020
    IOSCO’s report recommends that trading venues and their participants synchronise the clocks they use for timestamping a reportable event with coordinated... universal time.
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  • FSCS: Plan and Budget 2020/21

    16/01/2020
    FSCS has set out its expected management costs, the latest forecast of potential claims volumes and initial forecasts with regard to... the annual levy and a supplementary levy relating to the Life Distribution, Pensions and Investment Intermediation class due to be raised on firms before the end of the current period.
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  • The Individual Savings Account (Amendment) Regulations 2020/30

    15/01/2020
    The SI amends the Individual Savings Account Regulations 1998/1870 to enable investments in a CTF to be transferred to an ISA... post maturity and for any transferred investments to be disregarded for the purposes of the overall ISA subscription limit. In addition, an amendment to the definition of “recognised UCITS” is made in order to ensure that it remains effective post-Brexit. (Dates in force: see paragraph 1 of the SI)
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