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For the future facing view on financial services regulation

RegZone provides you with expert analysis and daily news from the fast-changing world of European financial institution regulation Created by CMS regulatory lawyers for those working in banking and finance, insurance, funds and asset management and securities and derivatives.

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Recent Articles

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    19/02/2024

    Financial Services Webinars On Demand

    Use the below link to view recordings of CMS financial services webinars available on demand. Webinars are a convenient way to stay informed and hear from our legal experts.   
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    08/02/2024

    UK government publishes delayed update on AI policy

    The UK government has published its delayed response to the consultation accompanying its March 2023 white paper on artificial intelligence (AI). It had been expected by the end of September 2023, but was delayed until after the AI Safety Summit at Bletchley Park in November 2023.The government has not put forward any legislative proposals at this stage and remains committed to a sector-by-sector approach to regulating AI. Instead, the government will continually review whether its approach of issuing non-binding principles to UK regulators remains appropriate, recognising that legislative action...
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    05/02/2024

    Belgium: Banker's oath

    On 15 January 2024, the law on the banking oath was published in the Belgian Official Gazette. The law impacts the banking sector and only applies to certain categories of managers and employees.What is the new law about?The new law provides a legal basis for some basic principles, including:introducing individual rules of conduct;taking a banking oath whereby the person in question undertakes to comply with the individual rules of conduct;establishing a central register of disciplinary sanctions and professional bans; andrequiring the bank service provider concerned, prior to appointment, to submit...
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    02/02/2024

    DORA obligations apply to different payment operators and processors in Spain

    Royal Decree-Law 8/2023 applies certain obligations of DORA Regulation to payment system operators, payment scheme operators, electronic payment arrangement operators, payment processors and other technological or technical service providers.On 28 December 2023, Royal Decree-Law 8/2023, of 27 December, adopting measures to address the economic and social consequences of the conflicts in Ukraine and the Middle East, as well as to mitigate the effects of the drought (hereinafter the "Royal Decree-Law"), was published in the Official State Gazette (BOE). Among other measures, the text includes certain...
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    30/01/2024

    PRA's review of ring-fencing rules: potential for relaxation in key pain points

    On 25 January 2024, the Prudential Regulation Authority (PRA) published a report setting out its conclusions following the PRA’s review of its ring-fencing rules undertaken during the course of 2023. This marks the first review carried out by the PRA since the ring-fencing regime became effective on 1 January 2019, delivering on its statutory duty to review its ring-fencing rules every five years from the regime’s inception.  The PRA review only covered the ring-fencing regime in so far as it is contained in the rules and associated guidance within the PRA Rulebook and any supplementary...
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    22/01/2024

    EU Proposals for a Regulation and a Directive on Anti-Money Laundering on the path to final adoption

    On 18 January 2024, the Council of the European Union and the European Parliament reached a provisional agreement on a part of the new anti-money laundering and counter terrorism financing (“AML/CTF”) package, which includes four texts:Regulation 2023/1113 on information accompanying transfers of funds and certain crypto-assets;Proposal for a Regulation establishing the Authority for AML/CTF (AMLA), for which a provisional agreement between the Council of the European Union and the European Parliament was reached on 13 December 2023;Proposal for a Regulation on the prevention of the...
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