Financial Regulatory Developments (FReD) - 26 July 2013

HEADLINES

• Commission publishes payment services proposals
• Commission updates work programme
• ESMA approves more AIFMD MoUs
• Treasury makes AIFMD Third Country Regulations
• AIFMD takes effect and FCA publishes more funds forms

EUROPEAN UNION AND INTERNATIONAL

G-20

G-20 finance ministers and central bank governors meet in Moscow: G-20 finance ministers and central bank governors have met in Moscow. Regarding financial regulation, the communiqué highlights the G-20 support for:

• FSB's monitoring of the impact of reform on the supply of long-term investment;
• an assessment, which G-20 has requested from FSB and the International Monetary Fund, on the cross-border consistency and implications for financial stability of bank structural reforms;