From Lexology

PRA consultation on Phase 1 of a “simpler regime” - A further step on the road to graduated prudential regulation in the UK

Following its previous work on a new “strong and simple” prudential framework for non-systemic UK banks and building societies (see our previous blog…

08 March 2023

Acting Comptroller Hsu Seeks Global Supervisory Framework to Address Crypto Risk

In an address to the 2023 Institute of International Bankers Annual Washington Conference, Acting Comptroller of the Currency Michael J. Hsu…

08 March 2023

SFDR update alert: France's AMF proposes revisions to SFDR

On 10 February 2023 the French regulator (Autorité des Marchés Financiers (“AMF”)) published its proposals as to changes it believes the European…

07 March 2023

PRA to Consider Impact of Climate Change on Financial Stability

Under a proposed amendment to the UK’s Financial Services and Markets Bill, the Prudential Regulation Authority (PRA) could be empowered to review…

07 March 2023

Europe: ELTIF version 2 is approved

On 15 February 2023, the European Parliament adopted the regulatory reform of the European long-term investments funds (ELTIFs) regulation to…

06 March 2023

BPI and ABA Urge Regulators to Better Understand Risks from Digital Assets

In response to a Treasury request for comment on the use of digital assets in illicit finance activities (see previous coverage), the Bank Policy…

06 March 2023

EBA - legal certainty under PSD3 through merging and demerging of services

The Payment Services Directive (2015/2366 or “PSD2”) which came into effect in January 2018, arguably did not stand the test of time - loose drafting…

06 March 2023

Indonesia: Bank Indonesia's Policy on the use of Rupiah in International Activities

As mandated by Law No. 23 of 1999 on Bank Indonesia(“BI”), which was lastly amended by Law No. 6 of 2009, the establishment of BI, as the central…

06 March 2023

The Digital Pound: A penny for your thoughts

On 7 February 2023, the Bank of England (Bank) and HM Treasury (HMT) issued a consultation paper (Consultation Paper) and a technology working paper…

06 March 2023

Ireland: Central Bank (Individual Accountability Framework) Bill 2022 finalised

The Central Bank of Ireland (Individual Accountability Framework) Bill 2022 has now been finalised in the Houses of the Oireachtas and referred to…

06 March 2023

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