This week has seen the FCA's response to the Competition and Markets Authority's final report into the effectiveness of competition in the retail banking market. In other news, the European Banking Authority has published a consultation containing guidelines for authorisation and registration under PSD2.
REGULATORY
Banks and finance platforms designated under Small and Medium Sized Business (Finance Platforms) Regulations 2015
HM Treasury has published a notice of designation listing the banks and finance platforms designated under the Small and Medium Sized Business (Finance Platforms) Regulations 2015. HM Treasury has the power to designate alternative finance providers under the Regulations which require designated banks to refer SME customers that they reject to finance platforms.
HM Treasury, 01 November 2016
UK
FSB: FinTech speech
The Financial Stability Board (FSB) has published a speech given by Svein Andresen, Secretary General which provides details of their work on FinTech.
The Financial Stability Board, 3 November 2016
HM Treasury responds to transposing BRRD consultation
HM Treasury has published its response to the consultation on the implementation of the Bank Recovery and Resolution Directive.
HM Treasury, 4 November 2016
HM Treasury response to CMA report on competition in the retail banking market
HM Treasury has published its response to the Competition and Markets Authority's (CMA) final report into the effectiveness of competition in the retail banking market.
HM Treasury, 3 November 2016
FCA response to CMA report on competition in the retail banking market
The FCA has published its response to the Competition and Markets Authority's (CMA) final report into the effectiveness of competition in the retail banking market.
Financial Conduct Authority, 3 November 2016
EU
Leaving the EU & financial services
The Economic Secretary to HM Treasury, Simon Kirkby has made a statement in the House of Commons providing information on financial services and Brexit.
UK Parliament, 3 November 2016
EBA consultation on guidelines for authorisation and registration under PSD2
The European Banking Authority (EBA) has published a consultation which contains draft guidelines on the information to be provided for the authorisation as a payment institution and an e-money institution, and for registration as an account information service provider (AISP).
EBA, November 2016
Harmonising supervisory rules for banks supervised by national competent authorities, ECB consults
The European Central Bank (ECB) has published a consultation on a guideline and a draft recommendation relating to the exercise of options and discretions (O&Ds) available for banks that it does not directly supervise. The ECB has also published an explanatory memorandum, a set of Q&As on the consultation, and a guide to O&Ds available under EU law.
European Central Bank, 3 November 2016
