Topic: Public consultations

UK’s crypto sector braces for “regulatory wave” following Treasury proposals

The UK government has published its long-awaited plans to regulate the crypto sector – with proposals on prudential, data reporting, operational resilience and consumer protection which it says are intended to be consistent with those of traditional financial services.

01 February 2023

UK payments regulation “not working as well as it could”, Treasury admits

The UK government has called for input on plans to “future-proof” its post-Brexit, post-PSD2 payments regime after admitting the current framework has failed to foster open banking as desired.

17 January 2023

FCA to extend Libor wind-down timetable

The FCA has suggested postponing the cessations of the Libor three-month sterling and the one, three, six-month US dollar interbank rate benchmarks until 2024.

30 November 2022

ADGM sustainable finance proposals emphasise taxonomy flexibility

A year ahead of the United Arab Emirates’ hosting of COP28, the financial regulator for Abu Dhabi’s financial free zone has released what it describes as deliberately flexible and non-prescriptive rules on green and “greening” finance, and a new ESG disclosures framework for regulated entities, allowing applicants to apply standards of their own choosing beyond those recommended by global standard-setters.

15 November 2022

Australia's prudential regulator announces big rethink

In something of a volte face, the Australian Prudential Regulation Authority has announced a project to simplify and remove regulations that have become too hard to understand, in every area except crypto – where it will build out its framework.

14 September 2022

“A more British style of regulation”: PRA wades into regulatory remit debate with new rulemaking approach

The UK’s Prudential Regulation Authority has said it will take on “wider rulemaking responsibilities” and take advantage of post-Brexit freedoms, amid political shifts over the proper mandate for regulators in the UK.

08 September 2022

SEC rolls out “prescriptive” clearing agency governance standards

The SEC has revised its rules on clearinghouse governance structure to mitigate conflict of interests, over objections from its Republican commissioners that the reforms are too “prescriptive”.

11 August 2022

EU sustainability reporting standard could mean “information overload”, consultees say

Sustainable investing groups have praised the EU’s draft Sustainability Reporting Standards, whose consultation period closed this week, but banking groups have called for a delay in implementation.

10 August 2022

Saudi Arabia unveils shariah compliance overhaul

Saudi Arabia’s capital markets regulator has issued a set of rules aiming to streamline how sharia compliance is monitored in the Kingdom, with the status quo creating “uncertainty” in how products are classified.

28 July 2022

EU agrees MiCA framework

The EU’s legislative bodies have reached agreement on the bloc’s regulatory framework for markets in crypto assets, placing stablecoins under EBA supervision and requiring their issuers to be EU-domiciled.

04 July 2022

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