Our blog, Financial services: Regulation tomorrow offers a convenient resource for those keeping track of the evolving and increasingly complex global financial services regulatory environment. It reports on financial services regulatory developments and provides insights and commentary across Africa, Asia, Australia, Canada, Europe and the United States. We cover a broad range of financial services regulatory topics including banking and capital adequacy regulation, clearing and settlement, anti-money laundering, insurance, regulation and compliance retail and wholesale conduct and securities regulation.
On 21 June 2017, the Queen delivered her Speech, outlining the government’s legislative agenda. The Queen’s Speech sets out 27 legislative bills, of which eight are entirely concerned with measures for leaving the European Union. Of particular relevance to insurance are: The Automated and Electric Vehicles Bill, which will extend compulsory motor vehicle insurance to […]
The European Supervisory Authorities have published final guidelines that set out factors that firms should consider when assessing the money laundering and terrorist financing (ML / TF) risk associated with a business relationship or occasional transaction. They also set out how firms should adjust the extent of their customer due diligence measures in a way […]
The supervision of large banks in the euro area is the responsibility of the European Central Bank (ECB). The Single Supervisory Mechanism (SSM), established in 2014, comprises the ECB and the national supervisory authorities of the participating Member States. The European Court of Auditors (ECA) has published a special report following an audit which examined […]