FCA

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Now Is the Time for Banks to Prepare for Interest Rate Benchmark Reform

By Rajesh Sadhwani, DXC
Originally published on the TABB FORUM

For years, the global financial industry has been grappling with what to do about benchmark interest rates for financial instruments, …

News

Splits emerge over ‘pre-cessation’ fallback triggers

By Robert Mackenzie Smith and Lukas Becker
August 12, 2019, Risk

Derivatives users are divided on whether and how to include pre-cessation triggers in fallbacks for legacy Libor swaps, raising …

News

Industry split over Libor-end trigger

By Louisa Chender
August 9, 2019, Global Investor Group

The derivatives industry is divided over whether and how to implement a so called “pre-cessation” trigger to mark the end of …

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The FCA’s Warning on Operational Resilience

By Paul Roberts, Milestone Group
Originally published on the TABB FORUM

Operational resilience increasingly is an area of concern for regulators in multiple jurisdictions, and outsourcing relationships are a particular …

News

FCA finds more authorized participants enter market during periods of stress

By Tom Eckett
August 8, 2019, ETF Stream

Financial Conduct Authority (FCA) research has found more authorized participants (APs) enter the market to take on the extra redemptions during periods …

News

Firms Struggle with SMCR Compliance and Preparations

By Josephine Gallagher
August 8, 2019, Waters Technology

Many financial institutions, including U.K.-based asset managers and market structure firms — known in regulatory speak as solo-regulated firms — mandated to …

MiFID, News