(Published September 29, 2016) The Single Resolution Mechanism is one of the three pillars that are the key elements of the European Banking Union. The resolution mechanism was proposed in 2013 and came into force on 19th August 2014 and fully operational from January 2016 and its mission is to ensure the orderly resolution of failing banks, with as little impact as possible on the real economy and public finances of the participating EU countries and others. Learn from this commentary what financial institutions will need to do to be able to report, what kind of information will be required and how long they have left to get ready.
(Published September 20, 2016) CP 16/20, published in August, shows the Financial Conduct Authority (FCA) continuing to muddle its way towards the end of the PPI mis-selling crisis. The performs two functions. It reports on the feedback received in response to CP 15/39. It also suggests further changes in the light of that. Adam Samuel reports.