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Welcome to the weekly Financial Services highlights from the Lexis®PSL Financial Services team for the week ending 15 June 2017.
On 12 June 2017, the Financial Conduct Authority (FCA) published its quarterly consultation on proposed miscellaneous amendments to the Handbook. Comments are sought for Chapters 2 and 3 by 12 July 2017, and for Chapter 4 by 12 August 2017.
On 13 June 2017, the FCA updated its policy development update webpage. The update includes recent FCA publications and a list of upcoming publications arranged under the blocks of the FCA Handbook where the policy is likely to be given effect.
On 12 June 2017, the Bank of England (BoE) announced that its chief economist and executive director for monetary analysis and statistics, Andrew Haldane, had been reappointed for a further three-year term as a member of the Monetary Policy Committee, effective from 12 June 2017.
On 6 June 2017, the chair of the supervisory board of the European Central Bank (ECB), Danièle Nouy, said in a recent interview that further harmonisation of rules is needed to achieve banking union and a truly European banking market. She also urged banks to adapt their business models to the current environment of low interest rates.
On 7 June 2017, the chief executive of the Futures Industry Association (FIA) Europe, Simon Puleston Jones,
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