Banking & finance

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

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Status:

Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation (1286/2014) has been adopted but is not yet in force. The European Commission has delayed the entry into force by one year (previously expected to enter into force 31 December 2016). The PRIIPs Regulation and Delegated Regulations apply as of 1 January 2018.

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 ...

  • City, London

    In outline: On 11th April the EU published the text of the decision of the European Council in response to the UK’s request for a further extension of the Article 50 notice period (see Document 1 below and the UK acceptance at Document 2 below). The decision provides a second ...

  • Fibre optic cables

    In outline: The flow of Brexit related FS publications has slowed as we await the outcome of the UK’s application for a further extension of the Article 50 notice period (see Other publications below) and the special European Council on 10 April. The House of Commons European Scrutiny Committee published ...

  • UK Parliament, London

    In outline: This was due to be the week of the UK's departure from the EU and, despite the postponement of Brexit, there was a flurry of activity to complete the financial services (FS) regulatory regime for a no-deal scenario (the ND regime). Most of the measures were on the ...

  • City, London

    On 26 March the FCA published Mortgages Market Study: Final Report (MS16/2.3). The final report focuses on first-charge residential mortgages and considers whether there is healthy competition in the mortgage market and contains an update on remedies. The FCA had previously published its interim report (MS16/2.2) and the terms of ...

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Agency Database

Future Dates

* Estimated date

  • *Mid 2019

    Capital Markets Union to be completed by then

  • *Mid 2019

    The European Commission signposted in its roadmap document that mid-2019 is the period by which the following will be in place: fully functional backstop to the Single Resolution Fund; implementation of the European Deposit Insurance Scheme;  finalising all pending legislative initiatives for Capital Markets Union.

  • 31 December 2019

    Following PRA's policy statement (PS10/17) - operational continuity firms are expected to submit the template (PRA109) 45 business days after the first reporting period ending 31 December.