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Brexit Implications for Financial Services
The UK’s financial services industry is not only very important to the UK economy, it is also extremely important to the EU economy. The loss of the financial services ‘passport’ …
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BOE to Consult on Sonia Clearing Mandate
By Helen Bartholomew
March 9, 2021, Risk
According to Tradeweb, Sonia swaps liquidity is already commensurate with sterling Libor instruments, even at longer maturities.
The OTC trading venue saw average daily volume …
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Blast from the Past: Trading venues decry disruptors as MTF battle heats up
By Ben St. Clair
January 14, 2020, Risk
Imagine, for a moment, a trading tool that allows buy-side users to send quote requests to multiple dealers in one click. The …
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Synthetic Libor powers give FCA ‘massive discretion’
By Helen Bartholomew
November 20, 2020, Risk
The UK financial regulator’s new powers for averting chaos in Libor’s stickiest contracts may be more potent than some envisaged, as two amendments …
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Libor fallback protocol: the X factor
By Alice Tchernookova
November 5, 2020, Practice Insight from IFLR
It had been many months, even years, in the making. The International Swaps and Derivatives’ Association’s (Isda) interbank offered rate …
UK banks starting to adopt US recommendations on contractual fallbacks for loans in the event of Libor’s demise
By Neil Roland
August 12, 2020, MLex
A growing number of UK banks are choosing to follow US recommendations on how to structure contractual fallbacks for loans from a group …
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Transparency vs clarity: the Mifid swaps conundrum
By Samuel Wilkes
July 29, 2020, Risk
Sometimes you just can’t do right for doing wrong – and regulators are no exception. As the European Securities and Markets Authority discovered …
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CSDR: UK firms will still have to comply with settlement discipline
By Alice Tchernookova
July 23, 2020, Practice Insight from IFLR
In an announcement that gave some initial pointers on the shape of post-Brexit financial services regulation, UK Chancellor Rishi Sunak …
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UK’s tough legacy fix spells trouble for US Libor transition
By Helen Bartholomew
July 22, 2020, Risk
In their rush to rid the financial world of Libor rates, regulators glossed over a stubborn problem: an untold number of so-called tough …
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Attention turns to Esma after UK quashes CSDR buy-ins
By Philip Alexander
June 29, 2020, Risk
The European Union could face renewed pressure to rethink its pending rules on settlement discipline following the UK government’s unilateral decision to opt …
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MiFID II Review to Look at Systematic Internalizers
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Blast From the Past: EU Tells Traders Working From Home: Take Notes if You Can’t Record Calls
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Blast From the Past: EU Watchdog to Nudge Bond Trades Closer to Real-Time Transparency
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Blast From the Past: Traders Across Europe Face Up to the Cost of Failure
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Blast From the Past: Passive Investing Boom Reaches Europe as Assets Hit $1 Trillion
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MiFID II Review to Look at Systematic Internalizers
-
Blast From the Past: EU Tells Traders Working From Home: Take Notes if You Can’t Record Calls
-
Blast From the Past: EU Watchdog to Nudge Bond Trades Closer to Real-Time Transparency
-
Blast From the Past: Traders Across Europe Face Up to the Cost of Failure
-
Blast From the Past: Passive Investing Boom Reaches Europe as Assets Hit $1 Trillion