FS weekly highlights—21 March 2019

FS weekly highlights—21 March 2019

In this issue


No-deal Brexit announcements
Brexit news
Brexit legislation
Regulatory architecture
UK regulator updates
European regulator updates
Prudential requirements
Risk management and controls
Culture and diversity
Financial crime
Enforcement and redress
Markets and trading
Regulation of capital markets
Investment funds and asset management
Banks and mutuals
Consumer credit, mortgage and home finance
Insurance and pensions
Payment services and systems
FinTech and virtual currencies
Sustainable finance
Dates for your diary


No-deal Brexit announcements


PRA and FCA agree memorandum of understanding template with EBA

The Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA) and European Banking Authority (EBA) announced that they agreed a template memorandum of understanding (MoU). The template sets out the expectations for supervisory co-operation and information-sharing arrangements between UK and EU/EEA national authorities. The FCA added that the UK authorities and EU/EEA national authorities intend to move swiftly to sign bilateral MoUs. These bilateral MoUs will allow supervisory co-operation in the event of a no-deal scenario. The chief executive of the FCA, Andrew Bailey, said: ‘The bilateral MoUs will ensure that there will be no interruption in exchange of supervisory information in the event of a no-deal exit from the EU’.

FCA Primary Market Bulletin 22 summarises changes to rules and guidance in a no deal

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About the author:
Prior to joining LexisNexis in 2018, Raphael carried out work placements at Willkie, Farr & Gallagher (sat in Debt Finance) and Macfarlanes (sat in Banking and Finance), through which he was able to gain knowledge about a wide variety of financial products and services. Raphael recently graduated in Law from King’s College London where he took a particular interest in modules such as Finance, Credit & Security and Transnational Company Law. Raphael has also worked as a Paralegal at Axiom Stone Solicitors in Mayfair, where he was involved in a wide range of contentious matters.