Encyclopaedia of Banking Law (EBL) Bulletin: July 2014

The July 2014 edition of the Encyclopaedia of Banking Law Bulletin is now available.  It covers the period from May-July 2014 and includes:

  • Regulatory developments from the:
    • Financial Conduct Authority
    • Prudential Regulatory Authority (PRA)
    • Bank for International Settlements
    • Financial Stability Board
    • International Association of Insurance Supervisors, and
    • International Swaps and Derivatives Association
  • European developments, covering:
    • new harmonised guidelines for handling consumer complaints across the EU from the European Securities and Markets Authority and the European Banking Authority (EBA)
    • the Bank Recovery and Resolution Directive and Directive on Deposit Guarantee Schemes
    • the new single interactive rulebook from the EBA, and
    • the European Commission’s review of the financial regulation agenda
  • Islamic finance developments, including:
    • information about the UK government’s first Islamic bond issue
    • an announcement from the PRA relating to its decision to allow Sharia-compliant firms to include a wider set of assets in their liquid assets buffers, and
    • the IFSB-IRTI releases the ‘Mid-Term Review of the Ten-Year Framework and Strategies for Islamic Financial Services Industry Development’, and
  • International developments, covering:
    • revised Guidelines for Public Debt Management from the International Monetary Fund-World Bank
    • the Final Paper on Point Of Sale Disclosure in the Insurance, Banking and Securities Sectors from the Joint Forum
    • a new approach for measuring counterparty credit risk exposures from the Basel Committee
    • information about the Dubai Financial Services Authority's consultation on major regulatory changes, and
    • information about the new Centralized Clearing Mechanism for OTC financial derivatives established by the People’s Bank of China

The full bulletin is available to download here.

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