Pre-2002 FLP publications are collected for reference here. FMLC publications—primarily reports and correspondence—go back to 2003. All are available to view or download as a PDF, with collected volumes on specific topics available here. The 10 most recent publications are listed below.
Use the search function to search for specific publications, or use the tag cloud to browse the most frequent tags. Please note that the practice of assigning an "issue number" to topics has been discontinued, although older publications continue to be tagged with their issue number.
Click here for a complete list of FMLC publications in reverse-chronological order.
Recent Publications
Together with the European Financial Markets Lawyers Group (the “EFMLG”)—a group of senior legal experts from the EU banking sector, hosted by the European Central Bank, dedicated to making analysis and undertaking initiatives intended to foster the harmonisation of laws …
22 March 2021The FMLC has also drawn attention to the possible overlap of the new regime for stablecoins with the existing regime under the E-Money Regulations.
2021 cryptoassets e-money Finance and Technology FinTech HM Treasury Report stablecoins Virtual Currencies22 March 2021The Committee has expressed the view that safe-harbour legislation would address the worst-case risks of frustration, avoidance or force majeure termination which, although they may have only a small chance of crystallising, would be potentially significant in their impact owing …
15 March 2021In order to have a better understanding of impact of Artificial Intelligence (“AI”) and Machine Learning (“ML”) on financial services, the Bank of England (the “BoE”) and the Financial Conduct Authority (the “FCA”) have established the Artificial Intelligence Public-Private Forum …
2021 Artificial Intelligence Bank of England Finance and Technology Financial Conduct Authority FinTech Letter machine learning03 February 2021To facilitate the transition of “tough legacy” contracts away from LIBOR, HM Government has introduced the Financial Services Bill 2019-21 (the “Financial Services Bill”) which grants new powers under to the Financial Conduct Authority (“FCA”) to help it manage an …
18 January 2021On 21 October 2020, HM Government published the Financial Services Bill 2019-21 (the “Bill”). The Bill amends the U.K.’s existing legislative framework for financial services in 17 distinct areas, addressing issues arising from the U.K’s departure from the E.U. In …
2021 Benchmark Transition Financial Collateral Arrangements (No.2) Regulations 2003 Financial Services Bill 2019-21 HM Treasury Letter LIBOR13 January 2021This note, published in pursuit of the FMLC’s educational remit, outlines some of the legal issues which arise in the context of monetary policy and monetary financing, and considers a recent judicial decision in relation to the distinction between monetary …
06 January 2021In March 2020, governments around the world took action to stall the advent of the novel coronavirus (Covid-19) by implementing a range of “social distancing” rules. These measures have meant that market participants may be unable to print and sign …
31 December 2020The FMLC Secretariat’s attention was drawn to an evidence gathering survey published ahead of the next public-private Innovation Working Group (“IWG”) on Legal Entity Identifiers (“LEIs”). The FMLC has published letters and papers in the past on the usefulness of …
09 December 2020The FMLC has submitted a response drawing attention to its work on cross-border cooperation in relation to financial services regulation, especially in the aftermath of the Global Financial Crisis. Divergent national approaches and differences present a serious challenge to effective …
25 November 2020