1 min read
Includes developments in relation to: data collection; FCA Handbook; payment systems; credit rating agencies; accelerated settlement; insurance stress test; Solvency II; reinsurance; FSMA 2023; and LIBOR and EURIBOR manipulation.
General
- Transforming data collection in the UK financial sector - Bank of England and FCA share future strategy
- FCA publishes Handbook Notice 117
Banking and Finance
- Payment systems MoU - Bank of England, PRA, FCA and PSR conduct 2023 review
Securities and Markets
- Credit Rating Agencies Regulation - ESMA publishes Consultation Paper containing proposed revisions
- Accelerated settlement - HM Treasury publishes independent report and response
Insurance
- Insurance stress test 2024 - EIOPA publishes details on scenario and timeline
- Solvency II - EIOPA publishes Consultation Paper on reassessment of natural catastrophe risks in standard formula
- Supervision of reinsurance concluded with third country insurance and reinsurance undertakings - EIOPA publishes supervisory statement
Enforcement
- Enforcement under FSMA 2023 - Bank of England and PRA launch consultation
- Unauthorised investment schemes - FCA secures High Court approval for settlement
- Hayes and another v R, [2024] EWCA Crim 304, 27 March 2024