The CFTC’s recommendation to switch interdealer trading conventions from Libor to SOFR next month is hoped to bring a much-needed impulse for the US transition to risk-free rates
While the EU wants to tighten restrictions on dark pool trading, the UK has made it clear that it is open for business and will take a softer approach to pre-trade transparency
Recent changes made to insider list rules and PDMR dealings under the Market Abuse Regulation are the first signs of a difference in approach between the UK and the EU
Malaysian banks are taking a wait-and-see approach on Klibor, but they also have to take on Libor-related challenges around cash products and customer engagement
With equivalence now off the cards, market participants think the UK’s tailored approach will mean making its own rulebook slimmer and more competitive in a bid to offset the loss of investment to Europe
With the second consultation on the UK’s new Investment Firms Prudential Regime now closed, market participants have just over six months left to prepare for the new rules
Banks and corporates will be testing new reference curves to build market depth and ensure price discovery, as the country tries to reduce its more than $500 billion of Libor exposure
Panellists at an FIA event discussed the legitimacy of the euro clearing shift requested by the European Commission, drawing parallels with sovereignty issues raised during the Brexit campaign
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
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