Financial Services Europe and International Update

The latest edition of Financial Services Europe and International Update from Dechert’s Financial Services Practice covers the following regulatory developments:

European Union and International Regulatory Developments

• The EU’s Transparency Directive: European Commission Proposal for an Amending Directive
• BCBS Consultation on Capitalisation of Exposures to CCPs
• Financial Stability Board Recommendations on Shadow Banking
• BCBS Adopts Basel Capital Framework Changes Relating to Trade Finance
• BCBS Consultation on Capitalisation of Exposures to CCPs
• EU Developments in the Fund Management Sector
• ESAs’ Joint Board of Appeal
• G20 Cannes Summit: Financial Services Issues
• Briefing Notes on CRD IV

UK Regulatory Developments

• FSA Guidance Consultation on Proportionality and Remuneration
• FSA Policy Statement on Remaining CRD III Amendments
• Legal Uncertainty in CASS and Arising from the Lehman Brothers Litigation
• First Investment Firm to Enter the New Special Administration Regime
• Structured Products: FSA Review Findings and Guidance Consultation on Retail Product Development and Governance
• FSA Policy Statement on Product Disclosure