Regulatory landscape

PIPELINE STAGE 1

Emerging issue or review of policy and existing regulation

PIPELINE STAGE 2

Intent aired by authorities (speech/ high level paper drafted by regulator)

PIPELINE STAGE 3

"Green paper"/ Proof of concept issued

PIPELINE STAGE 4

"White paper" / Proposal / Market Standards issued

PIPELINE STAGE 5

De facto standards agreed; directive/ legislation in place; post-implementation

Financial Stability & Reducing Systemic Risk Regulation promoting stabilising effects and reducing systemic risk
Trading Book Review
Macro-economic Levers/ESRB
Tax Avoidance
Risk-free status of Sovereign Debt
Liikanen Report on structure of EU banking
FSB Report on Systemically Important Insurers
Banking Union/Single Resolution Mechanism
Debt Valuation Adjustments (IAS 39)
Proposal on Money Market Funds
Recovery & Resolution Procedures for nonbanks
FPC Macro-Prudential Tools
Parliamentary Commission on Banking Standards
Crisis Management
Recovery & Resolution Directive
Omnibus II
Financial Transaction Tax - enchanced cooperation
Broadening the resolution regime to non-banks
Banking Reform Bill
CRD IV
EMIR/OTC Derivatives & Central Counterparties
Dodd-Frank Act:Banks/Corporates
Solvency II
FATCA
Bank Levy
Transparent, Safe & Competitive Single Market Regulation promoting Single Market for financial services
Payment Systems
Eurozone/Single Market Boundary
Emerging Markets/Capital Flow
Proposal on Securities Law Regulation
Commodities
Green Paper on on long term investment
Action Plan for SMEs
Cross-border debt recovery
LIBOR & other market indices
Covered Bonds
Financial Markets Infrastructure
Post-trade issues
Anti-Money Laundering Directive IV
MiFID II/MiFIR
Provision of services by Third Country Firms
Insurance Mediation Directive
MAD II/MAR
European Venture Capital Funds
Central Securities Depository Regulation
European Social Entrepreneurship Funds
Non- EEA immigration cap
Prospectus Directive
AIFM Directive
Financial Reporting
Offshore RMB Centre
Short-selling/CDS
Financial Supervision & Corporate Governance New structures to improve supervision of financial institutions and institutional governance arrangements
Competition Authorities
International Reg Convergence
Super-equivalence /Single Rule Book
International Reg Convergence
Extra-territoriality
Gender Targets for Boards of listed companies
Super- equivalence/Single Rule Book
Executive Compensation
Harmonising Insolvency Regimes
Review of European System of Financial Supervision
Corporate Governance & Company Law Action Plan
Banking Union/interaction with EBA
Banking Union/Single Supervisory Mechanism
Review of Transparency Directive
Statutory Audit Regulation
Global Accounting Standards
Financial Services Act: FPC, PRA, FCA responsibilities
Financial Sector sanctions
Dodd-Frank Act: Regulators
FCA/UKLA Approach to Supervision
Financial Conglomerates Directive
Internal Governance Guidelines
Consumer Protection Regulation promoting and protecting consumer interests
Payment Services
Collective Redress
Pension Reform
Variable Annuities
Islamic Financial Instruments
Consumer Credit
Retail Banking Package
EU Contract Law
Investor Compensation Schemes Directive
UCITS VI
Mortgage Market Review
Review of Client Assets Regime
Insurance Guarantee Schemes
Review of Unregulated CIS & Close substitutes
IORPS
Insurance Mediation Directive
Regulation on Key Information Documents for PRIPs
UCITS V
Data Protection Directive & Regulation
Deposit Guarantee Schemes Directive
Mortgage Credit
Investor Compensation Schemes Directive
Pension Reform
Dodd-Frank Act: Consumers
Statutory Audit Regulation Regulation

LEGEND:

High impact issue

Moderate / high impact issue

Moderate impact issue

Low impact issue

IRSG workstream area of activity

UK issue

Led by trade association