The FMLC would, nevertheless, encourage HM Treasury and HM Government to publish, wherever possible, guidance which might enable impacted firms and institutions to begin planning for the future.
This is a body established to coordinate at an international level, the work of national financial authorities in order to develop and promote the implementation of effective regulatory, supervisory and other financial sector policies.
The woman and La Roche will meet at Freshfields Bruckhaus Deringer, the firm which British regulator the Financial Conduct Authority appointed to investigate independently at the Swiss bank and report back.
Panel remarks by Mr Claudio Borio, Head of the Monetary and Economic Department of the BIS, at the High-level conference on "The new bank provisioning standards: implementation challenges and financial stability implications"
Both Mr Ferber and Mr Valiante separately admitted that PRIIPS and, in particular, the KID, were not fit for purpose.