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 The earlier "UK-EU settlement" agreed in February 2016 is no longer valid following a vote to leave.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 has indicated that notice will be given to the European Commission not later than March 2017 to 'trigger' Article 50 and begin the process.

Latest Reports

  • Fibre optic cables

    On 9 March 2017, the Financial Conduct Authority (FCA) announced that it had agreed a co-operation framework with its Japanese equivalent, the Financial Services Agency of Japan (JFSA). The co-operation framework aims to promote innovation in both Japan and the United Kingdom and speed up the regulatory approval process for ...

  • City, London

    This article first appeared on Practical Law and is published with the permission of the publishers The Enforcement Review – significant change or more of the same? The long running review of the FCA and PRA enforcement process has finally reached an end, at least for the FCA, with the ...

  • office abstract

    The new rules in relation to regulatory references, which form part of the senior managers and certification regime, come into force in one month’s time on 7 March 2017. The new rules will apply to banks, building societies, credit unions and PRA-designated investment firms, branches of foreign banks as well ...

  • European institutions, Luxembourg

    The European Commission is about to issue a new regulation ("Regulation") with a view to setting up a dedicated legal framework for money market funds ("MMF"). Largely in line with US regulation issued in 2016, these rules aim to provide more safety and establish adequate transparency requirements. MMFs play a ...

  • Canary Wharf, London

    This article first appeared on Practical Law and is published with the permission of the publishers. What a difference a year makes. A look back at FCA enforcement activity in 2016 reveals a dramatic drop both in the number and the size of financial penalties being imposed by the FCA. ...

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Agency Database

Future Dates

* Estimated date

  • *Early 2017

    European Commission document on accelerating CMU reform noted that by early 2017 the expert group would conclude work (regarding improving market infrastructure for cross-border investing).



  • 28 April 2017

    Deadline for responses to EIOPA's consultation paper on guidelines on complex insurance-based
    investment products.

  • *End of Q1 2017

    European Commission expected to publish the FICOD evaluation findings by this period.