Treasury publishes market and wholesale updates

In the wake of the Leeds reform announcements, HM Treasury has published:

• recommendations for the FMI Committee from the Chancellor, required under the BoE Act;
• guidance on the government’s approach to designating overseas jurisdictions, including who is the lead regulator for various regimes;
• its plans for updating the regulatory framework for CCPs by creating a new rulebook for the BoE to follow;
• a revised version of the Banking Act special resolution regime code of practice;
• a new model for the next generation of UK retail payments infrastructure (and the BoE has published its Payments Vision Delivery Committee Update); and
• the government’s approach to digitalising the UK’s wholesale financial markets with an update on the Digital Gilt instrument pilot.