Banking & finance

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

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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 The earlier "UK-EU settlement" agreed in February 2016 is no longer valid following a vote to leave.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 ...

  • The FCA has published the findings from the regulatory sandbox’s first year in operation. Background The FCA’s regulatory sandbox (sandbox) allows firms to test new products, services and business models in a live market environment whilst maintaining appropriate consumer safeguards. The sandbox was established to support the FCA’s objectives of ...

  • Fibre optic cables

    The OECD opened a consultation on taxing the digital economy (here). The deadline for comments from the public was 13 October 2017 and all comments received will be made publicly available. A public consultation meeting will be held on 1 November 2017 at the University of California, Berkeley. Action 1 ...

  • City, London

    CMS UK held a seminar on 6 October on "MiFID II for buy-side firms: getting to the starting line", led by Ash Saluja, Karagh Gilliatt, and Aidan Campbell.

    The seminar gave an overview of MiFID II, EU and UK implementation, and potential impact areas.

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

  • Budapest, Hungary

    In September 2017, the Budapest Stock Exchange (BSE) opened Xtend, its first multilateral trading facility. Xtend is designed for medium-sized companies that plan substantial business growth, seek external funding to finance this expansion, and are able to fulfill certain transparency requirements. In Hungary, external funding for small and medium-sized enterprises ...

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Agency Database

Future Dates

* Estimated date

  • 8 December 2017

    Deadline for responses to the European Central Bank's draft guidance to banks regarding non-performing loans.

  • In the course of 2017

    Next phase of the post-implementation RDR review will be published by the FCA in this year; to be followed by a subsequent third phase of the review which will consider the longer-term implications.

  • 31 December 2017

    Deadline for EBA to submit report on the implementation of paragraphs 1, 8, 9 and 10 of Article 4 of the BRRD.