This week's edition of Financial Services weekly highlights includes: PRA fines U K Insurance Limited £10.6m for Solvency II miscalculation; Commission publishes report on preparedness of EU financial sector; FATF report examines risk of offshore Virtual Service Providers; plus dates for your diary.

This week's edition of Financial Services weekly highlights includes FCA Chair outlines ‘rebalancing risk’ strategy for growth and innovation; Commission proposes streamlined SFDR rules to simplify ESG disclosures; IAIS launches consultation on revised Application papers on recovery planning and resolution: plus dates for your diary.

This week's edition of EU Law weekly highlights includes analyses on EU progress towards ‘targeted’ legislation on AI and copyright, the Commission’s approval of a EU Designs Implementing Regulation, a revamp of EU telecom rules on ‘open internet’ principles, the implications of further delays to the Cloud and AI Development Act, and the Court of Justice’s decision on allowing news publishers to demand fair payment with social media companies. In addition this week, a joint letter was published by fossil fuel industry bodies calling for delays to the EU Methane Regulation, the EU Talent Pool Regulation was published in the Official Journal, and the Commission published its fifth State of the Schengen report, opened a consultation on the establishment of an EU Critical Raw Materials Centre, adopted an EU Fertiliser Action Plan, and launched a consultation on draft guidelines for the classification of high-risk AI systems under the EU AI Act.

This week's edition of Financial Services weekly highlights includes: UK Finance report calls on tech and telecoms firms to help fight fraud; MiFIR: Regulation on the suspension of the trading obligation for derivatives published in the OJ; ISDA paper examines digital assets and derivatives; plus dates for your diary.

This week's edition of Financial Services weekly highlights includes: New FCA, PRA and BoE regimes for operational incident and third-party reporting; ESMA publishes liquidity management guidelines for UCITS and open-ended AIFs; plus dates for your diary.

This edition of the Sustainable finance and ESG round-up from the Finance Group includes: (1) HM Treasury publishes Good Practice Guide —TCFD reporting; (2) Commission seeks views on simplifying the EU taxonomy criteria; and (3) ICMA publishes position paper on SFDR 2.0 for EU co-legislation process.

This week's edition of EU Law weekly highlights includes analyses of the provisional agreement on the Digital Omnibus on AI and EU short-term rental rules’ implementation. In addition this week, the European Parliament’s Employment and Social Affairs Committee endorsed a provisional agreement with EU governments on updated rules for the coordination of social security systems, the Commission adopted reports on the implementation of the Employers Sanctions Directive and the Seasonal Workers Directive, adopted recommendations to strengthen protections for vulnerable energy consumers, published three proposed regulations intended to simplify cross-border travel booking and strengthening rail passenger protections throughout the EU, launched a call for evidence to support its review on copyright in the Digital Single Market and a consultation on draft revised State aid rules for air transport, the Council adopted a regulation streamlining EU biocides rules by extending certain data protection periods and agreed on a negotiating position on simpler and clearer organic farming rules.

This week's edition of Financial Services weekly highlights includes: James Burnie, partner at gunnercooke LLP explores the new stablecoin regime following FSMA 2023; FCA, BoE and PRA set out their approach to AI; European Parliament adopts position at first reading of PSD3 and PSR proposals; European Parliament adopts proposed Solvency II amending Directive and IRRD; PRA publishes speech and Dear CRO letter on its thematic review of private equity-related financing activities, and FCA publishes final greenwashing guidance and proposes extension of sustainability disclosure and labelling regime to portfolio managers, plus dates for your diary over the coming week.

This week's edition of Financial Services weekly highlights includes: FCA speech outlines balanced approach to AI innovation and human oversight in financial markets; ESAs publish list of critical ICT third-party providers under DORA; IOSCO publishes final report on neo-broker regulation; plus dates for your diary.

This week's edition of Financial Services weekly highlights includes: FCA and PRA announce raft of measures to support growth of mutuals sector; EU bodies reach provisional agreement on simplified sustainability reporting and due diligence; BCBS publishes principles for management of third-party risk in the banking sector; plus dates for your diary.

This week's edition of Financial Services weekly highlights includes: PRA’s Dear CFO letter on significant risk transfer financing; ESMA’s first code package of GitHub; CRR: European Commission proposes permanent NSFR treatment for securities financing transactions; BIS launches Project AISE; plus dates for your diary over the coming week.

This week's edition of EU Law weekly highlights includes the publication of the EU Forced Labour Regulation, EU ESG Ratings Regulation, recast Urban Waste Water Treatment Directive, and EU Construction Products Regulation in the Official Journal and the commencement of application of the EU General Product Safety Regulation. In addition, this week, the Council of the EU adopted its position on the revised Package Travel Directive, a new Regulation governing plastic pellet loss, and the new Regulation on packaging and packaging waste, the European Banking Authority issued the final Guidelines on MiCA reporting requirements, the Council of the EU and European Parliament reached a provisional deal on benchmark reform, ESMA launched a consultation on the use of the European Single Electronic Format for sustainability reporting, and the European Commission launched a consultation on medical devices legislation and launched proceedings under the Digital Services Act against TikTok over election risks. The highlights also include analyses of a Court of Justice ruling which held that promotions for valuation and purchase of gold from consumers fall within the scope of the EU Unfair Commercial Practices Directive, emerging trends at the Unified Patent Court, voluntary guidance on EU’s AI literacy obligation, and examples of upcoming EU AI Act bans.