Dear all, Following our previous communications, I felt it the right time to remind you that you remain front of mind for us and to give you an update on what we at Met Facilities are doing to ensure there continues to be minimal disruption to your normal service. We are living in uncertain and […]

The Financial Conduct Authority published a statement on its second review of the market for pensions and market advice. The review will focus on consumer advice on retirement income. Due to an increasing number of alternatives available in retirement planning, the FCA deems it vital that consumers receive good advice when they gain access to […]

The European Systemic Risk Board published a letter to the Director General for Financial Stability, Financial Services and Capital Markets Union to the EU Commission. The letter consisted of the shortcomings of the current framework of the Alternative Investment Fund Managers Directive. One noticeable feature was the statistic that the ESRB estimates that half of […]

The European Securities and Markets Authority published a Consultation Paper outlining proposed changes to the Markets in Financial Instruments Regulation regime for Equity Exchange-Traded Funds and related instruments. The proposed changes are based on the analysis of the impact of the current regime, which came into effect in January 2018. Under MiFIR, Competent Authorities and […]

The European Securities and Markets Authority issued a press release, launching a Common Supervisory Action with National Competent Authorities on the supervision of Undertakings for the Collective Investment in Transferable Securities Managers’ liquidity risk management across the European Union. NCAs have agreed to simultaneously assess whether market participants in their jurisdictions adhere to the rules […]

The Financial Conduct Authority published a press release on the information relevant to firms during the Brexit implementation period. During the implementation period, ending on 30 December 2020, European Union law will still apply to all UK firms. Therefore, there are no changes to the reporting obligations for firms under the European Market Infrastructure Regulation. […]

The European Banking Authority published a new bench-marking report on diversity practices in Credit Institutions and Investment Firms analysing the development since its 2015 diversity bench-marking exercise. Despite the Capital Requirements Directive (CRD) introducing a requirement for Institutions to take into account the diversity of the Management Body when recruiting new members and implement a […]

The European Banking Authority published a Final Report on the Development, Implementation, and Adoption of ‘Big Data and Advanced Analytics in the Banking Sector. The Report identifies recent Trends, Challenges and Possible Approaches in the Regulator’s efforts to maintain Technological Neutrality giving Firms the freedom to choose their own Tools and Technologies when pursuing ‘BD&AA’; […]

The Financial Conduct Authority published a Report on the use of Risk Modelling and other Portfolio Management Tools in the Asset Management Sector, based on interviews from Senior Managers at 10 Asset Management Firms of varying sizes and Operating Models. The FCA found varied approaches to the use of Portfolio Management Tools: A Single-Provider approach, […]

The European Banking Authority published a Consultation Paper on draft Regulatory Technical Standards. The Paper describes how Institutions should calculate Capital Requirements for Market Risks on the Non-Trading Book positions that are subject to Foreign Exchange Risk or Commodity Risk, under the Fundamental Review of the Trading Book. According to the draft ‘RTS’, Institutions should […]

The European Central Bank published a recommendation on Dividend Distribution Policies, which relates to Credit Institutions paying Dividends in 2020 for the 2019 Financial Year.   Credit Institutions should establish Dividend Policies, using conservative and prudent assumptions, after any Distribution, to satisfy the Applicable Capital Requirements and the outcomes of the Supervisory Review and Evaluation […]

The European Securities and Markets Authority published a Consultation Paper on draft Guidelines on Securitisation Repository Data Completeness and Consistency Thresholds under the Securitisation Regulation. In November 2019, the European Commission published Regulatory Technical Standards, supplementing the Securitisation Regulation by specifying certain Securitisation Repository Operational Standards for Data Collection and Verification. These ‘RTS’ set out […]