News

Search Filters

Advanced Search Advanced Search
Date range:

Showing 51 - 60 of 16921 matches

  • BoE/FCA: Machine learning in UK financial services

    16/10/2019
    This report sets out the findings of a survey of around 300 financial services firms which requested information on the nature... of deployment of machine learning, the business areas where it is used and the maturity of applications. Around a third of the firms responded to the survey. The survey indicates that machine learning is increasingly being used in UK financial services, particularly in the banking and insurance sectors and that firms are seeking additional guidance on how to interpret current regulation. BoE and FCA intend to establish a public-private group to explore some of the questions and technical areas covered in this report.
    Support Information
    Show more Show less
  • FCA: FS19/6: Climate change and green finance

    16/10/2019
    Further to DP18/8, FCA’s FS sets out its proposals to improve climate change disclosures by issuers and information to consumers on... green financial products and services. FCA intends to: consult on new rules to improve climate-related disclosures by certain firms and clarifying existing obligations; finalise rule changes requiring IGCs to oversee and report on firms’ ESG and stewardship policies, as well as separate rule changes to facilitate investment in patient capital opportunities; publish a FS in response to a joint DP with FRC on stewardship setting out actions to address the most significant barriers to effective stewardship and clarify its expectations around consumers’ access to green financial products and services.
    Support Information
    Show more Show less
  • EBA/EIOPA/ESMA: Amendments to the PRIIPs KID

    16/10/2019
    The ESAs have published a consultation on amendments to rules concerning the PRIIPs KID. Proposed changes concern: performance scenarios for... retail investors; costs information; issues for various types of funds and PRIIPs offering multi-option products. Responses are required by 13 January 2020.
    Support Information
    Show more Show less
  • FSB: Implementation and effects of the G20 financial regulatory reforms

    16/10/2019
    FSB has published its fifth annual report on the reforms, which recommends that regulators and supervisors should promote the timely, full... and consistent implementation of remaining reforms; that frameworks for cross-border cooperation be enhanced and that authorities should consider any unintended consequences of the reform. The report includes a table summarising the state of play in FSB jurisdictions. Survey responses by its member jurisdictions on implementation of other areas of reform, summary tables and jurisdiction profiles on implementation progress have also been published – all available via the following link.
    Support Information
    Show more Show less
  • FCA: PPI update

    16/10/2019
    FCA reports that it is aware that firms will not be able to meet their normal complaint handling times following the... increased number of complaints in the run-up to the August deadline and warns complainants that firms have advised that it is possible that final responses to complaints may not be received until summer 2020. FCA assures complainants that they will not lose out financially from any delay.
    Support Information
    Show more Show less
  • FCA: PPI – claims management companies

    16/10/2019
    FCA has published the text of a “Dear CEO” letter which reminds claims management companies of FCA’s expectations with regard to... PPI customers and relevant financial promotions.
    Support Information
    Show more Show less
  • EBA: Opinion on the deadline for the migration to SCA for e-commerce card-based payment transactions

    16/10/2019
    EBA’s Opinion on the deadline for the migration is set at 31 December 2020 and details the expected actions to be... taken during the migration period. It also recommends actions for national competent authorities in relation to the matter, including with regard to the liability regime under Article 74 of PSD2.
    Support Information
    Show more Show less
  • EBA: Draft guidelines on the treatment of structural FX under 352(2) of CRR

    16/10/2019
    EBA’s consultation sets out draft guidelines intended to set a regulatory framework on structural FX to address the observed diversity in... its application across the EU, particularly with regard to the structural nature of FX positions. Responses are required by 17 January 2020.
    Support Information
    Show more Show less
  • PRA: PS24/19: Large exposures: reciprocation of French measure

    15/10/2019
    Further to CP15/19, this PS provides PRA’s final rule with regard to CRR Article 395(1). The policy comes into effect... on 1 January 2020.
    Support Information
    Show more Show less
  • EIOPA: Consultation paper on the Opinion on the 2020 review of Solvency II

    15/10/2019
    EIOPA’s consultation relates to the EC’s February 2019 call for advice on the 2020 review. This consultation covers all areas... of the call for advice except insurance guarantee schemes and most topics on reporting and disclosure which have been consulted upon at an earlier stage. Responses are required by 15 January 2020.
    Support Information
    Show more Show less