Idiosyncratic risk and Retained EU law: Difference between pages

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imported>Doug Williamson
(Expand for bank regulation context. Source: MCT bank regulation study material.)
 
imported>Doug Williamson
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#In the Capital Asset Pricing Model, the same as Diversifiable risk. Also known as Specific risk or Unsystematic risk.
''Law - UK - Brexit.''
#The concept is also important in bank regulation and stress testing. Regulated banks must be resilient both to shocks which are market-wide, and to shocks which are idiosyncratic or specific to the regulated entity.


Retained EU law in the UK is EU law that applied in the UK at the end of the Brexit transition period on 31 December 2020, and continues to apply.
Retained EU law is provided for under the UK's European Union (Withdrawal) Act 2018.
It includes:
*Domestic UK law which implemented former EU obligations.
*EU legislation which was directly applicable in the UK.  For example, the General Data Protection Regulation (GDPR), and other Regulations.
*Other rights and principles of EU law that had direct effect in the UK.  For example the right not to be discriminated against on the grounds of nationality.
EU Directives did not have direct effect in the UK.
Therefore they are not automatically retained EU law.
''Source: Pinsent Masons - Retained EU law in the UK after Brexit.''




== See also ==
== See also ==
* [[Diversifiable risk]]
* [[Benchmarks Regulation]]
* [[Stress test]]
* [[Brexit]]
* [[Brexit transition period]]
* [[Direct effect]]
* [[Directive]]
* [[EMIR]]
* [[European Union]]
* [[European Union (Withdrawal) Act 2018]]
* [[Gold-plating]]
* [[Law]]
* [[Regulation]]
* [[UK]]
__NOTOC__
 
==External link==
* [https://www.pinsentmasons.com/out-law/guides/retained-eu-law-uk-after-brexit Pinsent Masons - Retained EU law in the UK after Brexit]


[[Category:Financial_risk_management]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Revision as of 09:28, 17 March 2022

Law - UK - Brexit.

Retained EU law in the UK is EU law that applied in the UK at the end of the Brexit transition period on 31 December 2020, and continues to apply.

Retained EU law is provided for under the UK's European Union (Withdrawal) Act 2018.


It includes:

  • Domestic UK law which implemented former EU obligations.
  • EU legislation which was directly applicable in the UK. For example, the General Data Protection Regulation (GDPR), and other Regulations.
  • Other rights and principles of EU law that had direct effect in the UK. For example the right not to be discriminated against on the grounds of nationality.


EU Directives did not have direct effect in the UK.

Therefore they are not automatically retained EU law.


Source: Pinsent Masons - Retained EU law in the UK after Brexit.


See also


External link

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