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Prudential Regulation Review
Prudential Regulatory Review is a monthly newsletter dedicated to summarising all major risk and regulatory updates.
Prudential Regulation Review - latest edition
October saw a number of important regulatory changes and announcements.
The ESAs published a joint consultation paper on reforming the PRIIP’s key information document (KID). The consultation, which includes proposals relating to performance, costs, and multi-option products, seeks to respond to criticisms of the information contained within the PRIIP’s KID, particularly in the area of stress scenarios. It also covers the application of the PRIIPs Regulation to UCITS funds once their exemption from scope expires on 31 December 2021. The consultation contains more substantial changes than those proposed in the ESAs’ previous consultation in November 2018.
At the international level, the G7 working group on stablecoins published a report investigating the impact of global stablecoins. The report outlines the risks global stablecoins pose to financial stability, monetary policy and competition, and recommends that regulators continue efforts to determine the most appropriate regulatory treatment of stablecoins.
Other topics covered include:
- Capital Markets
- Investment Management
- Central Bank of Ireland