Latest news

Latest news

FCA confirms Libor cessation in historic announcement 

Mar 5, 2021 Conduct

The official cessation announcement confirms the future loss of representativeness of all 35 Libor settings, and fixes the credit adjustment spread for the ISDA fallback methodology

Debate still rages over post-Brexit euro clearing

Mar 3, 2021 Compliance

A series of announcements over the past few days has placed the issue at the centre of discussions on the future of EU and UK financial services

Mifid II pushes OTC derivative trading to unregulated cloud

Mar 2, 2021 Compliance

The ambition to bring transparency to all areas of the financial market has fundamentally altered the way they operate, but some OTC derivatives are still slipping through the cracks

Bank of England tightens Libor loan transitioning screw as deadline looms

Feb 28, 2021 Conduct

As the deadline for ceasing all new Libor issuance draws near, the authorities publish two papers aiming to clarify key dates and conventions

Industry broadly supports Libor ‘big bang’ switch

Feb 25, 2021 Conduct

Early results from an LCH consultation on a conversion process for outstanding trades at Libor’s cessation date show that a majority of respondents are in favour of the proposed plan

EU post-Brexit landscape begins to shape up 

Feb 23, 2021 Compliance

Changes resulting from Brexit will continue to unfold for years to come, but early features of the new financial services landscape have started to emerge, with Amsterdam taking a strong lead

Buyside and sellside at odds over ESG data

Feb 22, 2021 Conduct

Banks are eagerly anticipating an updated Non-Financial Reporting Directive as a means of complying with the buyside’s increasingly intricate ESG-related demands

Brexit creates golden opportunity for EU CCPs 

Feb 18, 2021 Compliance

The European Commission's encouragement to move positions away from UK CCPs is creating an unprecedented chance for EU clearinghouses to increase their market share

Special reports

Latest report

Following more than 40 hours of interviews with 63 sources across financial services, Practice Insight’s landmark investigation into the accumulative impact of the financial crisis is now available