FCA
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ARRC Chair to Market: SOFR Is the First Real Benchmark
By John Crabb
June 15, 2018, International Financial Law Review
The existing Libor rate is no longer fit for purpose, and the industry must prepare for its eventual decline and …
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Questions Remain on Scope of MiFID Extraterritoriality
By Samuel Wilkes
June 13, 2018, Risk
Global banking groups are still grappling with uncertainties surrounding the application of new European Union financial market rules on operations located outside the …
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BOE Pushes Banks to Improve Service in IT Failures
By Caroline Binham
June 13, 2018, Financial Times
The Bank of England will demand new minimum standards of service that it expects financial companies to deliver in the wake of …
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Andrew Bailey Says We’re Making a Lot of Progress on MiFID II
U.K. Financial Conduct Authority CEO Andrew Bailey discusses MiFID II and banking regulation overall. He speaks with Francine Lacqua on “Bloomberg Surveillance.”…
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FCA’s Bailey Promises Action on PRIIPs and MiFID II Failings
By Mike Sheen
June 12, 2018, Professional Adviser
FCA chief executive Andrew Bailey has said the regulator will take action to address the unintended negative implications of European regulatory standards …
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Can Platforms Keep Up with Product Governance Rules?
By Holly Black
June 11, 2018, Money Marketing
New regulations are causing confusion over which parts of the advice chain are responsible for checking products are appropriate for particular clients.…
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Some Banks Open to Committing to Libor Post-2021
By Robert Mackenzie Smith
June 11, 2018, Risk
A number of banks that submit pricing information on Libor are willing to continue supporting the benchmark even after the U.K. financial …
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Regulator Calls for Term Sonia as Transition Talk Ramps Up
By Helen Bartholomew
June 7, 2018, Risk
The group tasked with finding an alternative rate to sterling Libor is set to launch a public consultation on developing a term market …
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Buy-Side Lacks “Meaningful Testing” of MiFID II Records – Experts
By Louisa Chender
June 7, 2018, Global Investor Group
Although the buy-side has generally implemented recordkeeping requirements under MiFID II, a lack of “meaningful testing” of the new systems could …
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Top 5 Takeaways from the Irish Funds Annual Conference
By Adrian Whelan, Brown Brothers Harriman
Originally published at the On the Regs blog
The recent Irish Funds Annual Conference marked the 20th anniversary of the event. It also fell …
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