Banking & finance

Reports, news and data relating to the Banking & Finance sector.

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Status:

A referendum on Britain's membership of the European Union was held on 23 June 2016. On 24 June 2016 it was announced that the UK voted to leave the EU. The earlier "UK-EU settlement" agreed in February 2016 is no longer valid following a vote to leave. The Government gave notice to the European Commission in March 2017 to 'trigger' Article 50 and begin the process.

Latest Reports

  • City, London

    The proposals in the UK Prime Minister’s speech on 17th January and the White Paper on 2nd February will require a new construct for cross-border regulatory coordination between the EU and the UK, which will operate in a complex legal and regulatory environment (outside the EU/EEA single market). CMS and ...

  • Frankfurt, Germany

    The Federal Financial Supervisory Authority (BaFin) recently issued an article with respect to BaFin´s own understanding on “Automated Investment Advice in Supervisory Practice" BaFin outlines its understanding of licensing requirements for investment advice rendered on robo advisory platforms The provision of investment advice is generally deemed as being the provision ...

  • CMS UK held a seminar on 4 September on 'Individual responsibility - extending SMCR to the entire industry', led by Simon Morris and Alison McHaffie.

    The seminar covered:

    1. What’s going on?
    2. What will it look like?
    3. The implementation project
    4. Senior managers
    5. Certified & other staff – and what fit and proper means
    6. The rules – and what they mean

    The seminar slides are available to view/download via the link in the title.

  • Fibre optic cables

    NAIH, Hungary’s Authority for Data Protection and Freedom of Information, issued a guidance on blockchain data protection. The guidance answers the questions of a private individual in a specific case, and NAIH published it because of public interest and the newness of the technology. The guidance provides a short description ...

  • office abstract

    In support of their November 2016 strategy to change UK payments systems, the Payments Strategy Forum (“PSF”) has published a public consultation titled a "Blueprint for the Future of UK Payments" The consultation paper notes that although UK payments systems are some of the best in the world, they are ...

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Agency Database

Future Dates

* Estimated date

  • *Summer 2017

    It is expected that ESMA will publish thematic reviews regarding supervisory convergence and Capital Markets Union during this period.

  • 2 November 2017

    Deadline for responses to the EBA's discussion paper on FinTech.

  • 17 November 2017

    Deadline for responses to European Commission's consultation paper on 'post-trade in a Capital Markets Union: dismantling barriers and strategy for the future'.