Banking and finance

Recent Articles

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    05/02/2025

    European Commission advisory body outlines proposal for revamped Taxonomy

    On 5 February 2025, the Platform on Sustainable Finance (the “Platform”) – an advisory body to the European Commission (“EC”) – published a report setting out its recommendations to simplifying reporting under the EU Taxonomy Regulation (the “Report”).BackgroundIn March 2023, the EC gave a mandate to the Platform to help simplify and improve the effectiveness of the Taxonomy Regulation by enhancing its usability.A pivotal development in this regard is the announcement by EC President Ursula von der Leyen in November 2024 to consolidate EU...
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    03/02/2025

    Financial Services Webinars On Demand

    View recordings of CMS financial services webinars available on demand.Webinars are a convenient way to stay informed and hear from our legal experts.Webinars On Demand
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    30/01/2025

    FCA publishes Discussion Paper on Admissions & Disclosures and Market Abuse Regime for Cryptoassets

    On 26 November 2024, the Financial Conduct Authority (“FCA”) published its proposed timetable to implement a new UK financial services regulatory regime relating to cryptoassets, which we outlined in our article here. On 16 December 2024, the FCA subsequently published its first discussion paper (DP24/4) in this respect, on the proposed new admissions and disclosures and market abuse regimes for cryptoassets (the “Discussion Paper”). The Discussion Paper is part of a series of publications expected from the FCA, which will be published during 2025, designed to facilitate...
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    29/01/2025

    European Commission publishes update on Omnibus Regulation

    On 29 January 2025, the European Commission published a communication to the European Parliament, the European Council, the Council of the EU, the European Economic and Social Committee and the Committee of the Regions, entitled “A Competitiveness Compass for the EU” (the “Competitiveness Compass”).The Competitiveness Compass reiterates the European Commission’s desire to deliver “an unprecedented simplification effort” by reducing the costs of all administrative burdens, including reporting burdens, by at least 25% and 35% for all companies and SMEs,...
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    29/01/2025

    Sustainable Finance Regulation 2025 Timeline

    Our sustainable finance timeline sets out recent and expected EU, US, UK and International regulatory developments relating to sustainable finance in 2025.  
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    21/01/2025

    European Commission advisory body outlines proposal for revamped SFDR

    On 17 December 2024, the Platform on Sustainable Finance (the “Platform”) – an advisory body to the European Commission (“EC”) – published a briefing note for the EC outlining its proposal for a new categorisation system for sustainable finance products under the EU Sustainable Finance Disclosure Regulation (“SFDR”).BackgroundDespite only coming into effect in March 2021, the implementation of the SFDR has been widely criticised. Consequently, in December 2022, the Commissioner for Financial Services, Financial Stability and Capital Markets Union...
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