Weekly highlights—12 July 2018

Weekly highlights—12 July 2018

Welcome to the weekly Financial Services highlights from the Financial Services team for the week ending 12 July 2018.

Brexit

ISDA responds to ECON draft report on cross-border regulation

The International Swaps and Derivatives Association (ISDA) published a comment paper on the European Parliament's April 2018 draft report on relationships between the EU and third countries concerning financial services regulation and supervision. ISDA says it supports a risk-based approach to the evaluation and recognition of the comparability of regulatory regimes in third-country jurisdictions.

AFME welcomes government statement on Brexit approach

The Association for Financial Markets in Europe (AFME) welcomed Theresa May’s announcement on the UK government’s proposed approach to Brexit. AFME said with businesses facing considerable uncertainty about the framework that will apply in less than eight months, it is now vital for the negotiations to make progress to provide certainty of a transition period and direction on the future trading relationship.

Financial Conduct Authority updates

FCA publishes research paper on price discrimination in financial services

The Financial Conduct Authority (FCA) published a research paper which sets out a framework for considering the fairness aspects of price discrimination and how best to balance them with economic considerations.

FCA policy development update for July 2018

The FCA published the latest version of its policy development update, which provides information on its recent and upcoming publications. Future publications include a policy statement on the EU Money Market Funds Regulation (CP18/4), which is expected in Q2 2018.

Regulatory architecture

EBA and ESMA guidelines on suitability assessment for management body members and key function holders

The European Banking Authority (EBA) and the

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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.