BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a...
This Practice Note looks at the regulated activity of accepting deposits (often referred to as deposit taking). Accepting deposits is a key hallmark of banks, credit...
Background to the regulated activities relating to benchmarks The London Inter-Bank Offered Rate (LIBOR) is a global benchmark for short term interest...
Background to the regulated activities relating to benchmarks The London Inter-Bank Offered Rate (LIBOR) is a global benchmark for short term interest rates. The...
BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...
AIFMD and the regulation of depositories The purpose of the depositary is to act as a legally separate organisation, responsible for holding the formal documents that...
Short selling, or 'going short', is a technique whereby traders sell shares or debt instruments ('securities') which they do not own at the time of entering into the...
Automated financial product advisers or robo-advisers are automated computer systems that provide financial planning services with little or no human intervention. They...
The work and foundations of BIS The Bank for International Settlements (BIS) assists central banks in relation to monetary and financial stability. Its head office is in...
Background to the BRRD This Practice Note summarises the core provisions included in the Bank Recovery and Resolution Directive 2014/59/EU (BRRD). The BRRD proposed a...
Purpose and application of BRRD technical standards and guidelines The Bank Recovery and Resolutions Directive 2014/59/EU (BRRD) mandates the European Banking Authority...
Rationale for bank ring-fencing transfer schemes (RFTS) Ring-fencing of day-to-day banking services (eg current accounts, savings and payments) and separation of retail...
The Financial Services (Banking Reform) Act 2013 (FS(BR)A 2013) received Royal Assent on 18 December 2013. . There are eight parts and ten schedules in FS(BR)A 2013....
Rationale for bank ring-fencing transfer schemes (RFTS) Ring-fencing of day-to-day banking services (eg current accounts, savings and payments) and separation of retail...
The Basel Committee on Banking Supervision (BCBS), consisting of the central banks of governors of the so-called G10 countries (Belgium, Canada, France, Germany, Italy,...
This note provides a legislative history of Basel II which preceded the Basel III reforms. For further information regarding Basel III and CRR and CRD IV, please see CRD...
BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...
BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...
Blockchain has erupted into mainstream consciousness with multiple consultations and discussions by regulators underway or completed around the world. Significant...
This Practice Note is in the process of being comprehensively updated to reflect the UK’s exit from the EU on 31 January 2020. As of exit day, the UK is no longer an EU...
This Practice Notice details the background and legislative history in relation to the CRD IV package, the latest package of major reforms to EU legislation on prudential...
Background to, and application of, CASS 9 Prior to 1 December 2014, most of the client information and reporting requirements in relation to client assets held by...
Regulating Central Securities Depositories Central securities depositories (CSDs) hold securities in a dematerialised form and provide a clearing and settlement service...
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a...
The work and foundations of the Committee on Payments and Market Infrastructures (CPMI) The Committee on Payments and Market Infrastructures (CPMI) is a forum housed...
BREXIT: The law as set out in this Practice Note may be affected by Brexit. For further details on the potential impact of Brexit on competition law, see Practice Note:...
