Resources & commentary

This page lists the IRSG's reports, position papers and other publications.

'The Great Repeal Bill': Domesticating EU Law

Report

A new report from the International Regulatory Strategy Group (IRSG) in collaboration with Linklaters, urges government not to use the Repeal Bill to make policy changes which could risk turning it into a legislative Pandora’s Box. Instead it should focus attention on the task of separating UK law from EU law and repealing the European Communities Act 1972 to ensure a continuing stable legal framework upon Brexit.

Published: 27/06/2017

IRSG example GDPR ready processor terms

Publication

The International Regulatory Strategy Group, in conjunction with Clifford Chance and DLA Piper, has produced a document to help inform organisations of the requirements arising from the implementation of the EU General Data Protection Regulation (GDPR) in relation to data governance and compliance controls in the supply chain.

The GDPR imposes stringent requirements for controllers appointing processors, including prescribing various matters which must be stipulated in a contract or other legal act (Article 28).
The European Commission and supervisory authorities have the power to adopt standard contractual clauses to meet these new requirements.  However, there is currently no example template to assist organisations as they tackle the sizeable “re-papering” challenge to ensure supply chains are GDPR ready for the implementation deadline of 25 May 2018. 
The IRSG Data workstream has therefore produced a suggested set of processor terms to help inform organisations of the new requirements and how they might be addressed.
Vivienne Artz, Managing Director and Global Head of Privacy Legal and Head of International for the Intellectual Property and Technology Law Group, Citi, (Chair of the IRSG Data work stream) commented:   “As the deadline for the implementation of the GDPR approaches, firms still have much work to do to prepare for its new requirements. This addendum relating to Article 28 (Processor Terms) provides a valuable contribution to this work, in the absence of official guidance in this area.   We are extremely grateful to DLA Piper and Clifford Chance for their work in producing this example template and we hope that it will assist firms in the financial services sector and beyond as they prepare for the GDPR May 2018 deadline.”
Published: 01/08/2017

IRSG response to public consultation on the operation of the European Supervisory Authorities

Publication

The International Regulatory Strategy Group (IRSG) welcomes the opportunity to respond to the Commission’s consultation into the operation of the  European Supervisory Authorities (ESAs).

Published: 23/05/2017

Financial Regulatory Group Calls for Bespoke Mutual Access Arrangement

Report

IRSG Report: 'Mutual Recognition - a Basis for Market Access After Brexit'

Published: 11/04/2017

IRSG response to Capital Markets Union Midterm Review Consultation

IRSG has responded to the EU Commission’s Capital Markets Union (CMU) Midterm Review consultation. It drew on themes set out in its responses to the Commission’s Call for Evidence on the EU’s Framework for Financial Services and Insolvency Consultation.

Published: 31/03/2017

IRSG Paper on CCPs post-Brexit

Report

IRSG Paper: "CCPs post-Brexit: Implications for the users of financial markets in the UK and EU27"

Published: 20/02/2017

IRSG Report on the EU's Third Country Regimes and Alternatives to Passporting

Report

IRSG Report: "The EU's Third Country Regimes and Alternatives to Passporting"

Published: 23/01/2017

IRSG Report on the Cumulative Impact of EU Financial Services Regulation

Report

IRSG Report: "The Cumulative Impact of EU Financial Services Regulation: Better Regulation for Jobs and Growth". 

Published: 15/06/2016

IRSG Report on Retail Financial Services

Report

IRSG Report: Retail financial services: bringing real benefits to Europe’s customers.

Retail financial services is an industry which has a profound impact on the lives of Europe’s 500 million people, helping them to save, buy homes and plan for their retirement. Across the globe the retail financial services landscape is evolving rapidly. The European Commission has recognised the challenges and opportunities this will bring for EU legislation and made policy development in this area a priority for the 2014-2019 mandate.
Financial services regulation has undergone significant reform as a result of the global financial crisis. Many of the changes were driven by a desire to restore and strengthen financial stability and increase consumer protection. Now that the new regulatory regime has been put in place, policymakers wish to ensure transparency and facilitate consumer choice through digital technologies and making markets more competitive.
In part driven by mobile and other digital technologies, customers’ expectations are rapidly evolving. At the same time disruptive technologies and innovative business models are being adopted by new entrants to financial services and established players alike. This changing landscape provides significant opportunities for the customers of financial services and the industry must respond to these developments. To leverage the full potential of these opportunities, a balanced and cooperative approach will be required from all stakeholders. Doing so will provide real benefits for all of Europe’s 28 Member States and 500 million people. This report illustrates how policymakers and regulators can help unlock the potential of the Single Market in Financial Services by approaching retail finance from the customer’s perspective.

Retail financial services is an industry which has a profound impact on the lives of Europe’s 500 million people, helping them to save, buy homes and plan for their retirement. Across the globe the retail financial services landscape is evolving rapidly. The European Commission has recognised the challenges and opportunities this will bring for EU legislation and made policy development in this area a priority for the 2014-2019 mandate.

 

Financial services regulation has undergone significant reform as a result of the global financial crisis. Many of the changes were driven by a desire to restore and strengthen financial stability and increase consumer protection. Now that the new regulatory regime has been put in place, policymakers wish to ensure transparency and facilitate consumer choice through digital technologies and making markets more competitive.

 

In part driven by mobile and other digital technologies, customers’ expectations are rapidly evolving. At the same time disruptive technologies and innovative business models are being adopted by new entrants to financial services and established players alike. This changing landscape provides significant opportunities for the customers of financial services and the industry must respond to these developments. To leverage the full potential of these opportunities, a balanced and cooperative approach will be required from all stakeholders. Doing so will provide real benefits for all of Europe’s 28 Member States and 500 million people. This report illustrates how policymakers and regulators can help unlock the potential of the Single Market in Financial Services by approaching retail finance from the customer’s perspective.

Published: 15/03/2016

IRSG Response to Capital Markets Union Action Plan

Position Paper

This letter, to Commissioner Hill, constitutes the IRSG's formal response to the CMU Action Plan.

Published: 14/12/2015

Weekly Report from Brussels - 7 July 2017

Report

The weekly report provides an overview of key developments in Brussels, as well as an overview of upcoming events and consultations.

Published: 07/07/2017

Weekly Report from Brussels - 30 June 2017

Report

The weekly report provides an overview of key developments in Brussels, as well as an overview of upcoming events and consultations.

Published: 30/06/2017

Weekly Report from Brussels - 23 June 2017

Report

The weekly report provides an overview of key developments in Brussels, as well as an overview of upcoming events and consultations.

Published: 23/06/2017

Weekly Report from Brussels - 16 June 2017

Report

The weekly report provides an overview of key developments in Brussels, as well as an overview of upcoming events and consultations.

Published: 16/06/2017

Weekly Report from Brussels - 9 June 2017

Report

The weekly report provides an overview of key developments in Brussels, as well as an overview of upcoming events and consultations.

Published: 09/06/2017

Weekly Report from Brussels - 2 June 2017

Report

The weekly report provides an overview of key developments in Brussels, as well as an overview of upcoming events and consultations.

Published: 02/06/2017

Weekly Report from Brussels - 26 May 2017

Report

The weekly report provides an overview of key developments in Brussels, as well as an overview of upcoming events and consultations.

Published: 26/05/2017

Weekly Report from Brussels - 19 May 2017

Report

The weekly report provides an overview of key developments in Brussels, as well as an overview of upcoming events and consultations.

Published: 19/05/2017

Weekly Report from Brussels - 12 May 2017

Report

The weekly report provides an overview of key developments in Brussels, as well as an overview of upcoming events and consultations.

Published: 12/05/2017

Weekly Report from Brussels - 5 May 2017

Report

The weekly report provides an overview of key developments in Brussels, as well as an overview of upcoming events and consultations.

Published: 05/05/2017