Weekly highlights—19 April 2018

Weekly highlights—19 April 2018

Welcome to the weekly Financial Services highlights from the Financial Services team for the week ending 19 April 2018.

Brexit

UK government publishes draft legislation to preserve EU financial regulation after Brexit

The UK government published a draft statutory instrument—Financial Regulators' Powers (Technical Standards) (Amendment etc.) (EU Exit) Regulations 2018—the purpose of which is to help inform parliamentary scrutiny of the European Union Withdrawal Bill, and to provide Parliament with as much detail as possible on HM Treasury's proposal to allocate responsibility for 'onshored' EU financial services regulation to UK authorities.

Central Bank of Ireland deputy governor speaks on Brexit

The Bank for International Settlements (BIS) published details of a speech given by the deputy governor (prudential regulation) of the Central Bank of Ireland (CBI), Mr Ed Sibley, to the DCU Brexit Institute, Dublin, in which he noted that when it comes to the financial sector, Brexit will have broad, fundamental impacts, and will substantively alter the functioning of the UK, Irish, and European financial systems.

Financial Conduct Authority updates

FCA publishes video on its business plan for 2018/19

The FCA released a video and transcript of its CEO Andrew Bailey discussing the FCA’s business plan for 2018/19.

Regulatory architecture

ECB recommends changes to EBA regulation proposals

The European Central Bank (ECB) issued an opinion on a proposal to amend the regulation establishing the European Banking Authority (EBA) (Regulation (EU) 1093/2010) and related legal acts. The ECB said it welcomes the proposed regulation's objective of fostering effective and consistent prudential supervision and regulation across Europe, but it raised a number of issues and recommended several amendments to the proposal.

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.