Latest news

Latest news

Brexit: finance firms make last-ditch appeal for a deal as tensions escalate

Oct 21, 2020 Conduct

As the negotiating standoff continues, market participants are increasingly worried that politics will prevail over economics and are calling on negotiators to revise their positions

US election 2020: what a Biden/Harris administration would mean for financial regulation

Oct 21, 2020 Compliance

We asked a number of DC-based lawyers and experts what the financial regulatory space may look like under Joe Biden

FSB publishes Libor transition roadmap

Oct 16, 2020 Conduct

The Financial Stability Board’s roadmap supplements existing timelines in other jurisdictions. Market participants believe it’s largely aimed at markets outside the US and UK

Buyside Libor transition: time is running out

Oct 15, 2020 Conduct

The buyside has made good progress on the transition compared to this time last year, but the road ahead is still long

All eyes on SOFR basis swap auction as discounting switch looms

Oct 15, 2020 Conduct

As the market prepares to unwind basis swaps this coming weekend, CCPs and traders are hopeful that the auction process will go smoothly

EU Libor tough legacy fix creates litigation risk

Oct 14, 2020 Conduct

While most agree that some form of remedy is needed for tough legacy contracts across all Libor currencies, early criticism has emerged on the EU’s proposed solution

Brexit: firms brace for immediate enforcement

Oct 13, 2020 Compliance

Both the FCA and European regulators are suggesting that forbearance is likely to be in short supply in January 2021. The question is: will enforcement be driven by political considerations?

Market concerned by post-Brexit regulatory divergence

Oct 8, 2020 Compliance

With just one quarter to go until the end of the transition period and limited progress on equivalence decisions, market participants are increasingly worried about future cross-border relations