JROC has published proposals for the future open banking entity which asks stakeholders to comment on the future entity’s recommended structure, governance and funding for both its interim and longer-term model.  Responses are required by 20 May 2024.

BoE has published a note on the stress test, which will focus on two analytical components: the credit stress test and the credit reverse stress test.  This year, the stress test will not include a liquidity stress test component or analysis of the impact on the UK CCPs’ clearing member population and their clients.  The tests will assess the sufficiency of CCPs’ financial resources to absorb losses under a combination of BoE’s prescribed market stress scenario(s) and the simultaneous default of selected clearing member groups. and CCPs’ resilience to increasingly severe scenarios and assumptions, in order to identify potential combinations that might deplete CCPs’ prefunded and non-prefunded financial re­sources.

This HoC research briefing includes sections on cybersecurity in the financial services sector and the role of crypto­cur­ren­cies.

MEPs have adopted a proposal for the first stage of a European Deposit Insurance Scheme, operating as a liquidity scheme and providing loans to participating deposit insurance schemes.

MEPs have adopted a proposal for a harmonised framework to be established for the access of customer data processed by financial institutions across the financial sector beyond payment account data.  It is proposed that EBA establishes a register of authorised financial information service providers, as well as financial data access schemes agreed between data holders and data users.