Covid-19 may drive market corrections and insolvencies – which could influence financial institutions’ stability sheets, increase exposures for directors and result in litigation. The FCA has printed a session paper, CP21/9, on changes to conduct and organisational requirements laid down in UK legal guidelines and regulations implementing the EU Markets in Financial Instruments Directive . The FCA states that the proposals are the primary output of the FCA and HM Treasury work on capital markets reform to ensure the UK regime it is tailored to the constructions of UK markets and preserve the very best regulatory standards. Dr Saporta explains that, under the federal government’s proposals for the new financial providers regulatory framework, the PRA is anticipated to maneuver from rule taker to rule maker for most areas of prudential coverage within its remit. To information its general method, it has a vision to be an accountable, responsive and accessible policymaker. Dr Saporta observes that realising this imaginative and prescient will take years of coordinated work, together with new laws setting out the regulatory framework and the transfer of rules from the statute e-book to the Rulebook.
The year-over-yr improve was driven by higher semi-custom product gross sales and EPYC …
