Weekly highlights—1 March 2018

Weekly highlights—1 March 2018

Welcome to the weekly Financial Services highlights from the Financial Services team for the week ending 1 March 2018.

Brexit

Nicky Morgan says businesses urgently need Brexit transition details

The chair of the Treasury Select Committee, Nicky Morgan MP, commented on the government’s response to the Committee’s December 2017 report on transitional arrangements for exiting the EU. The report concluded that an agreement between the UK and EU on transitional arrangements was urgent. While welcoming the fact that the overall framework for transitional arrangements recommended in the report had largely been accepted by the government, Ms Morgan said ‘Key questions remain unanswered and details are in short supply.

Financial Conduct Authority updates

FCA publishes Handbook Notice 52

The Financial Conduct Authority (FCA) published Handbook Notice No. 52, which includes changes to the FCA Handbook made by the FCA board on 22 February 2018, together with feedback on consultations that will not have a separate policy statement. The Handbook Notice includes four instruments.

Regulatory architecture

Almost all senior RBS restructuring employees worked at GRG

The Treasury Committee published a Supplementary Evidence Addendum submitted by RBS which states that 136 of the 182 current RBS restructuring employees (75%) and 30 of the 32 current RBS restructuring employees at senior manager grade or above (94%) previously worked in RBS' Global Restructuring Group (GRG).

FSB reports good progress in peer review of Singapore

The Financial Stability Board (FSB) published its peer review of Singapore, which focused on the macroprudential policy framework, and the framework for resolution of financial institutions. The review examined the steps taken by the authorities to implement reforms in these areas, including by following up on relevant

Subscription Form

Related Articles:
Latest Articles:

Already a subscriber? Login
RELX (UK) Limited, trading as LexisNexis, and our LexisNexis Legal & Professional group companies will contact you to confirm your email address. You can manage your communication preferences via our Preference Centre. You can learn more about how we handle your personal data and your rights by reviewing our  Privacy Policy.

Access this article and thousands of others like it free by subscribing to our blog.

Read full article

Already a subscriber? Login

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.