FS weekly highlights—5 November 2020

FS weekly highlights—5 November 2020

In this issue

 

 

Brexit news
Coronavirus (COVID-19)
UK, EU and international regulators and bodies
Prudential requirements
Risk management and controls
Financial crime
Complaints, compensation and claims management
Markets and trading
Regulation of benchmarks and IBOR reform
Regulation of capital markets
Regulation of derivatives
Banks and mutuals
Consumer credit, mortgage and home finance
Regulation of insurance
Payment services and systems
Fintech and cryptoassets
Sustainable finance
Dates for your diary

 

Brexit news

FCA announces open banking changes to limit Brexit payments disruption

The FCA announced changes to the open banking identification requirements aimed at limiting the risk of disruption to open banking services after Brexit. In policy statement PS20/13, Amendments to the open banking identification requirements (eIDAS certificates), the FCA says it will permit UK-based third-party providers (TPPs) to use an alternative to eIDAS certificates to access customer account information from account providers, or initiate payments, after Brexit. The FCA says firms must act to ensure they can continue to provide open banking services.

Sources: FCA announces changes to open banking identification requirements and  OBIE response to the FCA’s report on eIDAS consultation.

FCA confirms position on share trading obligation post-Brexit

The FCA confirmed

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About the author:
Prior to joining LexisNexis in 2016 as a paralegal, Lauren was an adjudicator at the Financial Ombudsman Service. There she resolved consumers’ complaints, and gained knowledge about a wide variety of financial products. Before this she studied Law at Nottingham Trent University.