Fur­ther to CP23/17, FCA has now published detailed feedback and final policy, including the final text of Securitisation Sourcebook (SECN).  The projected date in force is 1 November 2024, subject to the revocation of the UK Securitisation Regulation and related technical stand­ards.

Fur­ther to CP15/23, FCA has published detailed feedback and final documentation, including templates.  The changes resulting from this PS will come into force on 1 November 2024, subject to the revocation of the Securitisation Regulation and related technical stand­ards.

The CP sets out proposals to make minor amendments to PRA rules and to add a new rule to the Policyholder Protection Part of the PRA Rulebook. Joint PRA and FCA proposals to make amendments to technical standards relating to risk mitigation techniques for OTC derivative contacts not cleared by a central counterparty are also included.  Responses are required by 30 May 2024.

Text of this speech of 30 April 2024 follows in which Sasha Mills outlines some key expectations for financial market infrastructures to address BoE’s operational resilience policy

BIS is consulting on proposed guidelines for counterparty credit risk management. These include key practices critical to resolving long-standing industry weaknesses in counterparty credit risk management, such as the need to conduct due diligence at initial onboarding and on an ongoing basis and developing a comprehensive credit risk mitigation strategy to effectively manage counterparty exposures..  Responses are required by 28 August 2024.