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ARTICLE · 20 SEPTEMBER 2013

Financial Regulatory Developments (FReD) - 20 September 2013

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A summary of the most recent financial regulatory developments.

United KingdomFinance and Banking

HEADLINES

  • Commission publishes benchmark regulation proposal
  • FCA fines Axa Wealth for advice failings
  • FCA concerned at RDR inducements compliance
  • Current Account Service launches
  • FReD Live 24 September

EUROPEAN UNION AND INTERNATIONAL

Presidency of the Council of the EU (Presidency)

ECOFIN pushes for quick banking union: The Presidency has published the initial discussions of the informal meeting of Economic and Finance Ministers (ECOFIN). The ministers agreed that banking union is a priority to ensure financial stability. Because of this, ECOFIN says the Single Resolution Mechanism should also be finalised urgently. (Source: ECOFIN Pushes for Quick Banking Union)

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