InVest — February 2014: general developments

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The Bank of England (BoE) has published a policy statement relating to the exercise of the Financial Policy Committee’s (FPC’s) powers to supplement capital requirements for the purposes of financial stability. The FPC has direction powers over sectoral capital requirements and the UK government proposes to make the FPC responsible for setting the countercyclical capital buffer.

The European Central Bank (ECB) has published an opinion on the European Commission’s proposed regulation on indices used as benchmarks in financial instruments and financial contracts.

The European Parliament has updated its procedure file on the review of the European System of Financial Supervision (ESFS). Parliament will vote on the final report at its 10–13 March 2014 plenary session…

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