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26 Oct 2020, 8:50 pm
On 22 October 2020, HM Treasury issued a statement following the third meeting of the UK – US Financial Regulatory Working Group which met virtually on 20 October 2020. [read post]
24 Oct 2020, 7:34 pm
In a classic Trump pivot, the President seemed to catch Vice-president off-guard by asserting: “But let me just tell you, they [the Obama Administration] built cages….It was hm. [read post]
23 Oct 2020, 1:44 am
Following that HM Treasury published certain consultation papers and other policy documents containing details of the key reforms that the UK Government intended to include in the Bill. [read post]
22 Oct 2020, 8:50 pm
CP17/20 should be read in conjunction with CP12/20, which set out the PRA’s proposed approach to implementing other elements of CRD V, and HM Treasury’s (HMT) approach to implementing aspects of CRD V and CRR II that require legislative changes in order to implement them in the UK. [read post]
22 Oct 2020, 8:50 pm
On 21 October 2020, HM Treasury published a Policy Paper ‘Amendments to the Benchmarks Regulation to support LIBOR transition’. [read post]
20 Oct 2020, 8:56 pm
On 19 October 2020, HM Treasury issued phase II of its consultation on the financial services future regulatory framework review. [read post]
19 Oct 2020, 10:10 am
View: HM Treasury published Call for Evidence on the review of Solvency II in the UK [read post]
16 Oct 2020, 8:55 pm
On 15 October 2020, HM Treasury published its response to the consultation that it published in July 2020 concerning updating the UK’s prudential regime before the end of the transition period. [read post]
16 Oct 2020, 8:55 pm
The two provisions HM Treasury is intending to transpose into regulatory rules includes the new Article 44a of BRRD II using FCA rules. [read post]
16 Oct 2020, 8:55 pm
On 15 October 2020, HM Treasury issued a call for evidence concerning access to cash. [read post]
16 Oct 2020, 9:00 am
At present, The Bank of England, Financial Conduct Authority, Payment Systems Regulator, and HM Treasury each have specific roles and responsibilities for oversight of the cash system. . . . [read post]
15 Oct 2020, 8:55 pm
This will ensure that, when HM Treasury’s EU Exit instruments come into force at the end of the transition period, they will not refer to outdated versions of underlying EU regulations HM Treasury has also made further statutory instruments to ensure that the retained EU law operates effectively after the transition period. [read post]
15 Oct 2020, 9:00 am
At present, The Bank of England, Financial Conduct Authority, Payment Systems Regulator, and HM Treasury each have specific roles and responsibilities for oversight of the cash system. . . . [read post]
9 Oct 2020, 8:55 pm
On 8 October 2020, HM Treasury published a letter from John Glen MP, Economic Secretary to HM Treasury, to Baroness Donaghy, Chair of the House of Lords’ EU Services Sub-Committee. [read post]
6 Oct 2020, 7:34 am
’s new aircraft carrier, HMS Queen Elizabeth, is expected to make a freedom of navigation operation next year in the South China Sea as part of its first voyage. [read post]
5 Oct 2020, 8:55 pm
As a next step, the updated guidance will be subject to approval by HM Treasury before formal publication. [read post]
5 Oct 2020, 7:05 am
On October 1, 2020, the Hamburg Data Protection Authority (“Hamburg DPA”) fined H&M, the Swedish clothing company, over €35 million for illegally surveilling employees at its service center in Nuremberg. [read post]
2 Oct 2020, 8:55 pm
The Equivalence Determinations for Financial Services and Miscellaneous Provisions (Amendment etc) (EU Exit) Regulations 2019 would have enabled HM Treasury and the UK regulators to be ready for exit day had a deal not been reached with the EU. [read post]
1 Oct 2020, 8:02 am
HM Treasury has also made a significant number of statutory instruments which amend UK legislation and EU law which will be incorporated into UK law under the European Union (Withdrawal) Act 2018 (known as onshoring). [read post]
30 Sep 2020, 8:55 pm
The FCA will continue to work with HM Treasury as it develops the approaches to collections and recovery activities relating to scheme loans. [read post]
