As we await the Federal Reserve Board to finalize the LIBOR transition regulations set forth in its notice of proposed rulemaking – Regulation Implementing the Adjustable Interest Rate (LIBOR) Act,[1] we are grateful[2] that on 23 November
Financial
Insurance and common interest legal professional privilege
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New Regulation Tomorrow plus podcast – The importance of terminology and the “S” and “G” parts of ESG
In this episode of RT Plus on ESG, Haney Saadah touches on the FCA’s recent consultation paper on sustainability disclosure requirements. He also looks the importance of terminology and why the “S” and “G” parts of ESG are as important…
New Regulation Tomorrow plus podcast – NRF FS&M Bill sound bytes
In this episode of RT Plus focusing on the Financial Services and Markets Bill, Jonathan Herbst provides a general update on the Bill following its passage through the Committee Stage Spotify/ Apple podcasts
Diversity and inclusion: Driving change in our industry – Speech by Sheldon Mills
On 22 November 2022, the FCA published a speech by Sheldon Mills, Executive Director, Consumers and Competition, FCA, delivered at the Association of British Insurers (ABI) Diversity, Equity and Inclusion (D&I) conference.
In his speech, Mr Mills addressed the following:…
FCA publishes consultation paper on synthetic US dollar LIBOR and feedback to CP22/11
Introduction
On 23 November 2022, the FCA published Consultation Paper 22/11 ‘Consultation on ‘synthetic US dollar LIBOR and feedback to CP22/11’ (CP22/11).
In June 2022, the FCA consulted on ceasing ‘synthetic’ sterling LIBOR. The FCA also sought information on US…
House of Commons Sub-Committee letter on PRA CP8/22 ‘Remuneration: Unvested pay, Material Risk Takers and public appointments’
On 23 November 2022, the House of Commons’ Sub Committee on Financial Services Regulation (the Sub-Committee) published a letter by its interim chair, Angela Eagle, regarding PRA Consultation Paper 8/22 ‘Remuneration: Unvested pay, Material Risk Takers and public appointments’ (CP8/22).…
ACER updates its REMIT data reporting guidance
On 24 November 2022, the European Union Agency for the Cooperation of Energy Regulators (ACER) announced that it has updated its REMIT data reporting guidance.
Following extensive consultation with stakeholders launched in June 2022 that aimed to improve REMIT data…
Published in the OJ – Corrigendum to Commission Implementing Regulation (EU) 2022/1860
On 24 November 2022, there was published in the Official Journal of the European Union (OJ) Corrigendum to Commission Implementing Regulation (EU) 2022/1860 of 10 June 2022 laying down implanting technical standards for the application of the European Market Infrastructure…
Landmark US-UK Data Access Agreement Enters into Force
On 3 October 2022, the Data Access Agreement (DAA) between the UK and US (see our earlier blog here) came into force. In this blog post we look at this landmark agreement and consider its impact.
What is the…