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| 1 | BCBS: ongoing initiatives An overview of the main initiatives currently being undertaken by the Basel Committee on Banking Supervision (BCBS) to address issues arising from the financial crisis, following agreement reached on the Basel III reforms in December 2010. For information on initiatives relating directly to the Basel III reforms, see Practice note, Basel III: an overview. | Practice Note: Overview | Maintained |
| 2 | Basel III: an overview This practice note provides a high-level overview of Basel III, a sequence of major reforms to the Basel II international prudential framework for capital requirements. The note considers the main Basel III reforms agreed in December 2010, as well as the additional capital requirements for global systemically important banks (G-SIBs) agreed in November 2011. For details of other ongoing initiatives being undertaken by the BCBS, see Practice note, Basel Committee on Banking Supervision: ongoing initiatives and for more information on the "Basel 2.5" reforms agreed in July 2009, see Practice note, Basel 2.5: an overview. For details of the EU implementation of the key Basel III reforms, see Practice note, Hot topics: CRD IV. | Practice Note: Overview | Maintained |
| 3 | CRD reform: overview An overview of work carried out by the European Commission to amend the Capital Requirements Directive (2006/48/EC and 2006/49/EC) (CRD). It summarises the proposals in each of the series of major amendments to the CRD, referred to individually as CRD II (2009/111/EC), CRD III (2010/76/EU) and CRD IV, and other amendments made to the CRD since its adoption. For more detailed information on CRD II, CRD III and CRD IV see Practice note, CRD II, Practice note, CRD III and Practice note, Hot topics: CRD IV. | Practice Note: Overview | Maintained |
| 4 | New UK financial services regulatory structure: a quick guide A quick guide to the changes to the UK financial services regulatory structure made by the Financial Services Act 2012. On 1 April 2013, the FSA was abolished and the majority of its functions transferred to two new regulators: the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). On the same date, the Bank of England (BoE) took over the FSA's responsibilities for financial market infrastructures and the Financial Policy Committee (FPC) was established on a statutory basis. For an index of PLC's resources on the new regulatory structure, see A guide to the new UK financial services regulatory structure: index. This is one of a series of quick guides: see Quick guides. | Practice Note: Overview | Maintained |
| 5 | Road Map to the Dodd-Frank Wall Street Reform and ... This Note tracks the rules and regulations which implement the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, as well as related regulations and developments, and includes links to summaries of the main areas of reform and other topical PLC resources. | Practice Note: Overview | Maintained |
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| 1 | Basel 2.5: an overview This practice note provides an overview of Basel 2.5 (also referred to as Basel II.5), a set of major reforms to Basel II that were agreed in July 2009. The Basel 2.5 reforms included measures relating to securitisation and trading book exposures and are due to be implemented by 31 December 2011. For more information on the Basel III reforms, see Practice note, Basel III: an overview. | Practice Notes | Maintained |
| 2 | Bribery Act 2010 A practice note about the Bribery Act 2010, which received Royal Assent in April 2010 and came into force on 1 July 2011. The background to the Act is described in Practice note, Bribery: law reform. PLC's materials on the Bribery Act are set out in Bribery Act 2010: toolkit. | Practice Notes | Maintained |
| 3 | LIBOR review and reform: overview for finance lawyers This note provides an overview of the proposals to reform LIBOR, focussing on those aspects that may impact existing and future finance agreements that refer to LIBOR. | Practice Notes | Maintained |
| 4 | Listing debt securities in London An overview of the rules and procedures for listing debt securities in London. | Practice Notes | Maintained |
| 5 | Selling debt securities: UK selling restrictions An overview of some of the restrictions that apply to offering and trading transferable securities, and the market practice on offering bonds in the UK. This note was previously called UK selling restrictions: debt securities. | Practice Notes | Maintained |
| 6 | New UK financial services regulatory structure: key regulatory ... On 1 April 2013, the FSA was abolished and the majority of its functions transferred to two new regulators: the FCA and the PRA. On the same date, the Bank of England (BoE) took over the FSA's responsibilities for financial market infrastructures and the Financial Policy Committee (FPC) was established on a statutory basis. This resources document contains links to key primary source material and related PLC Financial Services legal updates concerning the reforms. For an overview of the reforms, see Quick guide, New UK financial services regulatory structure. For an index to Practical Law's resources on the reforms, see Practice note, A guide to the new UK financial services regulatory structure: index. | Practice Notes | 03-Apr-2013 |
| 7 | Basel II: an overview This practice note provides a high-level overview of the Basel II capital adequacy framework. Please note that this note relates only to the Basel II framework as it stood at July 2006. For information on the Basel 2.5 and Basel III reforms, see Practice note: Basel 2.5: an overview and Practice note, Basel III: an overview. | Practice Notes | 04-Jul-2006 |
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| 1 | PLC Global Finance update for September 2011 United ... The United Kingdom update for September 2011 for the PLC Global Finance multi-jurisdictional monthly e-mail. | Articles | 18-Oct-2011 |
| 2 | Resolving the dilemma of British banking: the final report of ... In this article, based on a briefing, the Financial Regulation Group at Slaughter and May considers the final report of the Independent Commission on Banking (ICB), published on 12 September 2011, commenting on the practical implications of the ICB's recommendations and suggesting that some of the initial criticisms levelled at the report have been misplaced. An analysis of the practical implications of the ICB's recommendations for the insurance sector can be found in a related Slaughter and May article, see Article, The final report of the Independent Commission on Banking: implications for the insurance sector. | Articles | 23-Sep-2011 |
| 3 | Contingent convertible instruments and the brave new world ... This article examines the emergence of contingent convertible instruments as a potential means of boosting financial institutions' Tier 1 ratios in light of the ongoing global overhaul of the rules governing regulatory capital. | Articles | 06-Apr-2010 |
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| 1 | Legal cutover to the new UK regulatory regime for financial ... On 1 April 2013, the FSA will be abolished and the majority of its functions transferred to two new regulators: the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). On the same date, the Bank of England (BoE) will take over the FSA's responsibilities for financial market infrastructures and the Financial Policy Committee (FPC) will be established on a statutory basis. | Legal Update: archive | 28-Mar-2013 |
| 2 | ISDA guidance on discontinuation of LIBOR rates On 26 March 2013, the International Swaps and Derivatives Association (ISDA) published a guidance note and amendment letter in relation to the discontinuation of certain currencies and maturities of LIBOR. | Legal Update: archive | 26-Mar-2013 |
| 3 | FSA statement on CRD IV implementation timetable The FSA has published a statement on its expectations on the implementation of CRD IV, in the light of the delay in the adoption of the final text of the CRD IV legislation. | Legal Update: archive | 01-Aug-2012 |
| 4 | EMIR published in Official Journal The text of the Regulation on OTC derivatives, central counterparties and trade repositories (Regulation 648/2012) (EMIR) has been published in the Official Journal of the European Union (OJ). | Legal Update: archive | 27-Jul-2012 |
| 5 | Council of the EU adopts EMIR The Council of the EU has adopted EMIR (also known as the Regulation on over-the-counter (OTC) derivative transactions, central counterparties (CCPs) and trade repositories). | Legal Update: archive | 04-Jul-2012 |
| 6 | Short selling: Council adopts regulation The Council of the European Union has adopted the proposed regulation on short selling and certain aspects of credit default swaps. | Legal Update: archive | 21-Feb-2012 |
| 7 | BCBS oversight body endorses Basel III liquidity standard and ... The Bank for International Settlements has published a press release announcing that, at a meeting on 8 January 2012, the Basel Committee on Banking Supervision's (BCBS) oversight body endorsed the BCBS' strategy for assessing implementation of the Basel regulatory framework and its proposals on the liquidity coverage ratio. | Legal Update: archive | 09-Jan-2012 |
| 8 | European Commission publishes MiFID II legislative ... The European Commission has published legislative proposals to amend the Markets in Financial Instruments Directive (2004/39/EC) and its implementing legislation. The proposals consist of a Directive and a Regulation. Certain aspects of the proposals are of interest to finance lawyers. | Legal Update: archive | 26-Oct-2011 |
| 9 | European Commission publishes MiFID II legislative ... The European Commission has published legislative proposals to amend the Markets in Financial Instruments Directive (2004/39/EC). The proposals (referred to as MiFID II) consist of a Directive and a Regulation. They are intended to make financial markets more efficient, resilient and transparent, strengthen investor protection, increase the supervisory powers of regulators and provide clear operating rules for all trading activities. (Free access) | Legal Update: archive | 20-Oct-2011 |
| 10 | EBA Q&A on Article 122a of the CRD The European Banking Authority has published questions and answers on issues arising from the December 2010 guidelines on Article 122a of the Banking Consolidation Directive (2006/48/EC), which forms part of the Capital Requirements Directive (CRD). | Legal Update: archive | 29-Sep-2011 |
| 11 | BCBS FAQs on Basel III definition of capital and liquidity ... The Basel Committee on Banking Supervision has published frequently asked questions on the Basel III reforms relating to the definition of capital and the liquidity framework. | Legal Update: archive | 05-Jul-2011 |
| 12 | Loan participations: swaps under Dodd-Frank? New proposed refinements and interpretive guidance relating to rules defining key swap-related terms such as "swap" and "security-based swap" under the Dodd-Frank Act are likely to fail to exclude English law loan participations. | Legal Update: archive | 04-May-2011 |
| 13 | BCBS responses to interpretive issues on Basel II market risk ... The Basel Committee on Banking Supervision has published a document setting out its responses to interpretive issues concerning revisions to the July 2009 Basel II market risk framework. | Legal Update: archive | 14-Feb-2011 |
| 14 | CEBS guidelines to Article 122a of the CRD The Committee of European Banking Supervisors has published guidelines to Article 122a of the Capital Requirements Directive (2006/48/EC and 2006/49/EC) (CRD), reflecting amendments made by CRD 2 (2009/111/EC). | Legal Update: archive | 04-Jan-2011 |
| 15 | BCBS publishes text of Basel III rules The Basel Committee on Banking Supervision has published the text of the main Basel III reforms to the Basel II framework for capital requirements, together with the results of its Basel III quantitative impact study (QIS). | Legal Update: archive | 16-Dec-2010 |
| 16 | CFTC Issues Proposed Rules for Registration of Swap ... An update on the CFTC's proposed new rules under the Dodd-Frank Act creating a procedural framework for swap dealers and major swap participants to register with the CFTC and to establish a registration requirement that applies to foreign boards of trade. | Legal Update: archive | 17-Nov-2010 |
| 17 | Council of the EU adopts legislation on EU supervisory ... The Council of the EU has published a press release announcing that the legislation reforming the EU supervisory framework was adopted at a meeting of the Economic and Financial Affairs Council on 17 November 2010. | Legal Update: archive | 17-Nov-2010 |
| 18 | G20 endorse Basel III and draft legislation expected March ... The G20 has endorsed Basel III and the European Commission has stated that it intends to publish draft implementing legislation in March 2011. | Legal Update: archive | 15-Nov-2010 |
| 19 | The Lehman client money judgment: the Court of Appeal ... A new article, The Lehman client money judgment: the Court of Appeal overturns key aspects of the High Court decision, written by Patrick Buckingham, Stephen Gale and Laura Reynolds of Herbert Smith LLP considers the implications of the decision of the Court of Appeal in CRC Credit Fund Limited and others v GLG Investments Plc Sub-Fund: European Equity Fund and others [2010] EWCA Civ 917 (2 August 2010). | Legal Update: archive | 19-Aug-2010 |
| 20 | BCBS consultation on countercyclical capital buffer regime On 16 July 2010, the Bank for International Settlements published for consultation the proposals by the Basel Committee on Banking Supervision for a countercyclical capital buffer regime. | Legal Update: archive | 16-Jul-2010 |
| 21 | Congress Passes Dodd-Frank Financial Regulatory Reform ... An update on the Dodd-Frank Wall Street Reform and Consumer Protection Act. | Legal Update: archive | 15-Jul-2010 |
| 22 | Government announces new structure for UK financial ... The government has announced major changes to the UK's financial services regulatory structure including the abolition of the FSA in its current form. | Legal Update: archive | 17-Jun-2010 |
| 23 | BCBS consults on proposals to strengthen global capital and ... On 17 December 2009, the Bank for International Settlements published for consultation the proposals by the Basel Committee on Banking Supervision to strengthen the global regulation of banks' capital and liquidity. | Legal Update: archive | 17-Dec-2009 |
| 24 | G20 Leaders Publish Statement Following Pittsburgh Summit An update on the publication of the G20 leaders' statement following the Pittsburgh summit. | Legal Update: archive | 29-Sep-2009 |
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| 1 | PLC Global Finance update for July 2011 United Kingdom The United Kingdom update for July 2011 for the PLC Global Finance multi-jurisdictional monthly e-mail. | Articles: other | 11-Aug-2011 |