Q&As

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These Q&As seek to briefly address common questions faced when dealing with Financial Services matters.

The Q&As supplement and link to other more detailed content within Lexis+® UK, but are intentionally short. It is anticipated that a brief Q&A will be most helpful when you need a quick overview of an issue and its likely impact. This might arise, for example, for lawyers needing to provide advice, provide business development or training at short notice. The Q&A content on Lexis+® UK is date stamped. This date is the publish date and

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Latest Financial Services News

EBA updates mapping and signposting tools to reflect latest Pillar 3 and reporting changes

The European Banking Authority (EBA) has published updates to its Pillar 3 mapping tool and supervisory reporting signposting tool to align with recent framework changes, and has enhanced its ‘reporting time traveller’ platform to reflect the most recent technical standards and templates.

ECON publishes draft reports on digital euro and provision of services in non-euro states

The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has published draft reports on the European Commission’s proposals to establish a digital euro and to provide for digital euro services by payment services providers in Member States whose currency is not the euro. The reports contain suggested amendments to the Commission’s proposals. Amendments to the Commission’s by Parliament are set out in two columns. Deletions are indicated in bold italics in the left-hand column. Replacements are indicated in bold italics in both columns. New text is indicated in bold italics in the right-hand column. The rapporteur’s explanatory statements at the end of the reports emphasise ensuring access to central bank money in the digital era, strengthening strategic autonomy in payments and prioritising an ‘offline’ digital euro, while making any ‘online’ version conditional on market outcomes.

FCA investigating 76 cases of non-financial misconduct

Law360, London: The Financial Conduct Authority (FCA) is currently investigating 76 cases of bullying, harassment or discrimination in the financial sector, a senior executive has told a parliamentary committee.

IOSCO publishes final report on single-name credit default swaps market

The International Organisation of Securities Commissions (IOSCO) has published its Final Report on the Single-Name Credit Default Swaps (CDS) Market in response to the Financial Stability Board’s request. The report analyses the market's structure, transparency and resilience, especially following the banking sector turmoil in March 2023. It highlights the market’s illiquidity and limited number of intermediaries and recommends enhancing post-trade transparency to improve price efficiency and reduce information asymmetries. The report complements the European Systemic Risk Board’s findings, focusing on legislative and regulatory frameworks across jurisdictions.

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