Featured Product

    FCA Consults on Aspects of BBLS, BRRD2, and Senior Manager Regime

    December 08, 2020

    FCA has proposed guidance for firms that will be providing Pay as You Grow options under the Bounce Back Loan Scheme (BBLS) of UK government. The proposed guidance intended to help firms understand how they can use and offer these options in a manner compliant with Chapter 7 of the Consumer Credit Sourcebook (CONC). The consultation ends on December 18, 2020 while the final guidance will be published in early 2021. As part of the consultation paper CP20/23, FCA is consulting on miscellaneous amendments to its Handbook, including transposing Article 1(16) of the Bank Recovery and Resolution Directive (BRRD)2 into FCA rules, for which the comment period ends on February 04, 2021. As mentioned in CP20/23, FCA and PRA are also jointly consulting on clarifications on the expectations for temporary, long-term absences (longer than 12 weeks) under the Senior Mangers' regime. The feedback period for the joint consultation ends on January 04, 2021.

    Related Links

    Comment Due Date: December 18, 2020/January 04, 2021/February 04, 2020

    Keywords: Europe, UK, Banking, Insurance, Securities, COVID-19, BBLS, FCA Handbook, Senior Managers, BRRD2, Credit Risk, Consumer Credit, PRA, FCA

    Featured Experts
    Related Articles
    News

    ECB Amends Guideline on Temporary Collateral Easing Measures

    ECB published Guideline 2021/975, which amends Guideline ECB/2014/31, on the additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral.

    June 17, 2021 WebPage Regulatory News
    News

    EIOPA Releases Report on Artificial Intelligence Governance Principles

    EIOPA published a report, from the Consultative Expert Group on Digital Ethics, that sets out artificial intelligence governance principles for an ethical and trustworthy artificial intelligence in the insurance sector in EU.

    June 17, 2021 WebPage Regulatory News
    News

    HKMA to Increase Focus on Suptech and Regtech Cloud Adoption

    HKMA published the seventh and final issue of the Regtech Watch series, which outlines the three-year roadmap of HKMA to integrate supervisory technology, or suptech, into its processes.

    June 17, 2021 WebPage Regulatory News
    News

    EC Consults on Improving Transparency in Secondary Markets for NPLs

    EC launched a targeted consultation to improve transparency and efficiency in the secondary markets for nonperforming loans (NPLs).

    June 16, 2021 WebPage Regulatory News
    News

    BIS and Nordic Central Banks Launch Innovation Hub in Stockholm

    BIS, Danmarks Nationalbank, Central Bank of Iceland, Norges Bank, and Sveriges Riksbank launched an Innovation Hub in Stockholm, making this the fifth BIS Innovation Hub Center to be opened in the past two years.

    June 16, 2021 WebPage Regulatory News
    News

    FDIC Tech Sprint Aims to Explore Technologies to Reach Unbanked

    FDITECH, the technology lab of FDIC, announced a tech sprint that is designed to explore new technologies and techniques that would help expand the capabilities of community banks to meet the needs of unbanked individuals and households.

    June 16, 2021 WebPage Regulatory News
    News

    EC Releases Sustainable Finance Taxonomy Compass

    EC released the EU Taxonomy Compass, which visually represents the contents of the EU Taxonomy starting with the EU Taxonomy Climate Delegated Act.

    June 16, 2021 WebPage Regulatory News
    News

    FDIC Proposes Amendments to Real Estate Lending Standards

    FDIC is seeking comments on a rule to amend the interagency guidelines for real estate lending policies—also known as the Real Estate Lending Standards.

    June 15, 2021 WebPage Regulatory News
    News

    EIOPA to Consider Liquidity Risk in Stress Test for 2021

    EIOPA published its annual report, which sets out the work done in 2020 and indicates the planned work areas for the coming months.

    June 15, 2021 WebPage Regulatory News
    News

    ESRB Paper Discusses Measurement of Impact of Bank Failure via Lending

    The ESRB paper that presents an analytical framework that assesses and quantifies the potential impact of a bank failure on the real economy through the lending function.

    June 15, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7116