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ARTICLE · 08 JANUARY 2019

Regulation Round Up December 2018

Proskauer Rose LLP
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The European Central Bank ("ECB") published a document setting out its cyber resilient oversign expectations for financial market infrastructures.

United KingdomFinance and Banking
Andrew Wingfield
Andrew Wingfield
Richard Bull
Richard Bull
John Verwey
John Verwey
Jade-Alexandra Fearns
Jade-Alexandra Fearns
Amar Unadkat
Amar Unadkat
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On 4 December 2018, the Council of the EU published a press release announcing that it has agreed its position regarding the "banking package". The banking package consists of the European Commission's proposed revisions to the Capital Requirements Regulation (575/2013) ("CRR"), CRD IV Directive (2013/36/EU), Bank Recovery and Resolution Directive (2014/59/EU) and the Regulation establishing the Single Resolution Mechanism (806/2014) as regards loss-absorbing and recapitalisation capacity for credit institutions and investment firms.

The Deposit Guarantee Scheme and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (2018/1285) were published.

The Basel Committee on Banking Supervision published a report that identifies, describes and compares the range of observed bank, regulatory and supervisory cyber-resilience practices across jurisdictions. 

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