Banking

A guide to the remuneration materials available to PLC Financial Services subscribers.

An overview of the Bank of England (BoE), focusing on its responsibilities for UK financial stability. It considers the legal status of the BoE, its governance arrangements and the accountability mechanisms that apply to it. The note reflects the reforms made to the BoE's powers and governance made by the Financial Services Act 2012.

An overview of the key provisions of the Banking Bill.  The Bill was designed to improve the resilience of the UK financial systems, and support financial stability by strengthening depositor protection and providing mechanisms for dealing with banks in financial difficulties. The Bill was introduced in the House of Commons and received its first reading on 7 October 2008. It was rushed through Parliament and received Royal Assent on 12 February 2009. For information on the Banking Act 2009, see Practice note, The Banking Act 2009: an overview and Legislation tracker: the Banking Act 2009.

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.

An overview of derivatives, including an explanation of common types of derivatives, the key documentation and parties. The note also contains a link to a detailed note on derivatives in the United States.

An overview of the Banking Conduct Regime introduced by the FSA on 1 November 2009.  

This note provides an overview of the European Commission's proposed Regulation on key information documents (or KIDs) for investment products, which will introduce a new pan-European pre-contractual product disclosure document for packaged retail investment products (PRIPs). The proposed Regulation is sometimes referred to as the PRIPs Regulation.  The development of the KID forms an important part of the Commission's wider package of reforms on the regulation of PRIPs. For more information on the other strands of the Commission's work and the background to its proposals, see Practice note, Hot topics: Packaged retail investment products (PRIPs).

A note outlining the progress of the UK government's proposals for the Financial Services (Banking Reform) Bill (also referred to as the Banking Reform Bill). The main aim of the Bill is to give HM Treasury and the relevant regulators powers to implement the recommendations of the Independent Commission on Banking (ICB) on ring-fencing requirements for the banking sector. For more information on the recommendations of the ICB, see Practice note, The Vickers report on banking. The key primary source material table in this note contains links to key primary source material and related PLC Financial Services legal updates. It is not intended to be an exhaustive list of all relevant materials published by interested parties.

This practice note provides an overview of CRD IV (also referred to as CRD 4 or CRD4), a major package of reforms to the EU's capital requirements regime for credit institutions and investment firms. CRD IV will recast and replace the existing Capital Requirements Directive (2006/48/EC and 2006/49/EC) (CRD) with a new directive and regulation: the CRD IV Directive and the Capital Requirements Regulation (CRR). The main role of CRD IV will be to implement in the EU the key Basel III reforms agreed in December 2010. These include amendments to the definition of capital and counterparty credit risk and the introduction of a leverage ratio and liquidity requirements. For more information on Basel III, see Practice note, Basel III: an overview. For information about the UK implementation of CRD IV and Basel III, see Practice note, Hot topics, UK implementation of CRD IV. The key primary source material table in this document contains links to key primary source material and related PLC Financial Services legal updates. It is not intended to be an exhaustive list of all relevant materials published by interested parties.

An overview of the UK, EU and international reform of interest rate benchmarks, including the London Interbank Offered Rate (LIBOR). The note includes a discussion of the introduction of regulation for LIBOR under the Financial Services and Markets Act 2000 (FSMA), the further regulation and supervision of LIBOR activities by the Financial Conduct Authority (FCA), and enforcement actions by the FSA and other bodies relating to LIBOR, as well as financial misselling. The note also considers reviews of benchmarks being undertaken by EU and other international bodies. The key primary source material table in this note contains links to key primary source material and related PLC Financial Services legal updates. It is not intended to be an exhaustive list of all relevant materials published by interested parties.

This practice note outlines the European Commission's proposed Directive on residential mortgages and tracks both its progress and related developments. The key primary source material table in this note contains links to key primary source material and related PLC Financial Services Legal updates. It is not intended to be an exhaustive list of all relevant materials published by interested parties. For background to the proposed Directive and a detailed overview of the Commission's review of the EU mortgage markets, see Practice note, Review of the EU mortgage markets.

This practice note outlines the progress of the UK regulators' proposals relating to recovery plans and resolution packs (RRPs) (also known as "living wills"). It also considers the FSA's proposals for resolution packs relating to the Client Assets sourcebook (CASS), which now form part of the FCA Handbook. The key primary source material table in this note contains links to key primary source material and related PLC Financial Services legal updates. It is not intended to be an exhaustive list of all relevant materials published by interested parties.

This resources document contains links to key primary source material and related PLC Financial Services legal updates relating to the reform of the EU financial services supervisory framework up to the 1 January 2011. This is the date that the new framework, known as the European System of Financial Supervision (ESFS), became operational. This resources document is not intended to be an exhaustive list of all relevant material.

This resources document identifies and tracks the progress of key regulatory developments at European level relating to remuneration policies and practices in the financial services sector. It contains links to key primary source material and related PLC Financial Services content relating to these developments. However, it is not intended to be an exhaustive list of all European materials relevant to remuneration policies and practices in the financial services sector. For the full range of remuneration materials available to PLC Financial Services subscribers, including trackers, practice notes and articles, see Practice note, A guide to PLC Financial Services' remuneration materials.

This resources document identifies and tracks the progress of key financial services regulatory developments at UK level relating to remuneration policies and practices in the financial services sector. It contains links to key primary source material and PLC Financial Services content relating to these developments. However, it is not intended to be an exhaustive list of all UK materials relevant to remuneration policies and practices in the financial services sector. For an overview of the full range of remuneration materials available to PLC Financial Services subscribers, including trackers, practice notes and articles, see Practice note, A guide to PLC Financial Services' remuneration materials.