On 4 January 2023, the European Commission published a letter it had sent to the European Banking Authority (EBA) being a provisional request for technical advice on certain delegated acts that the Commission intends to adopt under the Regulation on
Financial
CFPB Files Amicus Brief in TILA Suit, Impacts How Banks Collect on HELOCs
Recently, the CFPB filed an amicus brief in the U.S. Court of Appeals for the Fourth Circuit arguing that the court should reinstate a borrower’s putative class action claim against a national bank. The CFPB argued that the district court erred…
Corrigendum to Commission Delegated Regulation (EU) 2022/1288 of 6 April 2022 supplementing SFDR
On 27 December 2022, there was published in the Official Journal of the EU, a Corrigendum to Commission Delegated Regulation (EU) 2022/1288 of 6 April 2022 supplementing the Sustainable Finance Disclosure Regulation with regard to regulatory technical standards specifying the…
CRD IV RTS and ITS published in OJ
On 29 December 2022, there was published in the Official Journal of the EU:
- Commission Delegated Regulation (EU) 2022/2580 of 17 June 2022 supplementing the Capital Requirements Directive IV (CRD IV) with regard to regulatory technical standards specifying the information
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FCA updates webpage on Change in Control
On 23 December 2022, the FCA updated its webpage on change in control.
The webpage now notes that the FCA has been experiencing delays in allocating notifications to case officers in recent months and currently it is typically taking…
DORA published in the OJ
On 27 December 2022, there was published in the Official Journal of the European Union (OJ)
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FSCS publish article on covering compensation costs and tackling the root cause of harm
On 3 January 2023, the Financial Services Compensation Scheme (FSCS) published an article about the work it does to recover compensation costs and tackle the root causes of consumer harm.
The article addresses the following:
FSCS levy and the year…
In-House Corner: New Year’s Resolutions—Part 3
In this blog feature, our in-house readers share tips, anecdotes, and thoughts about topics that arise in their daily practice. Last year, we received so much feedback on the first two blogs relating to New Year’s resolutions that we have…
The Top Ten D&O Stories of 2022
The directors’ and officers’ liability environment is always changing, but 2022 was a particularly eventful year, with important consequences for the D&O insurance marketplace. The past year’s many developments also have significant implications for what may lie ahead in 2023…
SEC Adopts Amendments to Rule 10b5-1 and Related Disclosure Requirements
On December 14, 2022, the SEC adopted amendments to Rule 10b5-1 under the Securities Exchange Act of 1934 and added related new disclosure requirements. Rule 10b5-1 provides an affirmative defense to insider trading liability for individuals and companies in circumstances…