Latest news

Latest news

NY budget’s SOFR fallback proposal faces backlash

Jan 27, 2021 Compliance

Provisions within Governor Cuomo’s budget to make fallbacks to the rate mandatory have been met with objections, but sources argue the decision is good for the industry

Sterling Libor tough legacy fix could emerge this summer

Jan 28, 2021 Conduct

Two separate consultations on the FCA’s tough legacy powers are expected around springtime, with hopes for the legislation to be finalised by summer

EU mulls €STR convention switch

Jan 26, 2021 Conduct

The ECB’s euro risk-free rates working group is reportedly considering whether to encourage euro swaps market liquidity providers to adopt €STR-based quoting conventions

Brexit: firms no longer interested in equivalence

Jan 21, 2021 Compliance

Regulatory equivalence between EU and UK rules is a continuous source of contention for financial services, but sources say that they are past it

IHS Markit to publish SOFR credit spread adjustment in Q2

Jan 20, 2021 Conduct

The data and index provider has confirmed it will begin publishing its spread adjustment in the second quarter of this year, confirming market speculation

Market questions SMRC’s efficiency

Jan 19, 2021 Conduct

Four and a half years into the regime’s implementation, industry players remain uncertain it is living up to its task of holding senior managers accountable for their actions

Financial services continue to operate in no-deal Brexit settings

Jan 18, 2021 Compliance

Although a trade agreement has been signed between the EU and the UK, financial services firms say this has changed very little

Libor transition 2021: no time to die off

Jan 13, 2021 Conduct

UK authorities have just published a refresher of key upcoming deadlines and milestones, sending a clear message that there will be no backtracking from here onwards

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