Financial Regulation Weekly Bulletin - 6 June 2024

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Includes developments in relation to: MiCA; DORA; greenwashing; cybersecurity; SDR; cryptoassets; MREL; CRR; cloud services; business banking; LIBOR; IFR; IFD; and Solvency II.

General

  • Governance, conflicts of interest and remuneration under MiCA - EBA publishes final reports on draft RTS and guidelines
  • Registers of information under DORA - ESAs publish materials for ‘dry run’
  • Greenwashing in the financial sector - ESAs publish reports
  • Cybersecurity - ESAs enter into MoU with ENISA
  • Digital Markets, Competition and Consumers Act 2024 - full text published
  • SDR and investment labels regime - FCA publishes updated webpage
  • Departure of Managing Director announced by PSR
  • Digital assets - FMLC publishes report on governing law and jurisdiction

Banking and Finance

  • MREL - European Commission adopts ITS on supervisory reporting and public disclosures
  • Operational risk loss under CRR - EBA consults on draft RTS
  • Outsourcing cloud services - ECB consults on guide
  • Building Societies Act 1986 (Amendment) Act 2024 - full text published
  • RAF assessment and disclosures - modification by consent offered by PRA
  • Closure of scheme - announced by BBRS

Securities and Markets

  • Leveraged loans and CLOs - IOSCO publishes report on good practices
  • MiCA - ESMA publishes final report on RTS
  • Publication of synthetic US dollar LIBOR - FCA notice of first decision

Asset Management

  • IFD and IFR prudential framework - EBA and ESMA publish discussion paper

Insurance

  • Review of Solvency II and reform of the MA - PRA publishes Policy Statement (PS10/24)