23 May 2016

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Commission specifies criteria for banks to hold easily 'bail-inable' instruments in case of resolution

The European Commission has taken an important step today towards ensuring the effectiveness of so-called ‘bail-in’ rules for banks and, more broadly, clarifying the overall EU resolution framework. Today’s proposed Delegated Regulation specifies the criteria that authorities responsible for resolving banks will need to consider when setting the minimum requirements for own funds and eligible …

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How the Blockchain will disrupt the Asset Management industry

Sometimes it feels like blockchain is all the talk in the financial services industry. Blockchain or distributed ledger technology is mostly known as the underlying principle of Bitcoin, the virtual currency. However, it has the potential to be applied in many other circumstances of the financial sector and industry professionals seem to come up every …

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FCA consults on guidance on wind-down planning

The FCA has published today a consultation on its proposals to issue an Approach Document for firms that are wishing to wind down their business in an orderly manner, including under stressed conditions. This guidance is likely to be of most relevance to all solo-regulated firms. Regulated firms and professional advisors have requested that the FCA …

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