Latest news

Latest news

NatWest releases compounded Sonia calculator

Jul 11, 2019 Conduct

The bank has published the first ever online compounded Sonia calculator to facilitate Libor transition efforts. Created in response to comments made by the Bank of England, the calculator marks a positive step forward in the shift away from interbank offered rates

Best practice: a guide to EU regulatory enforcement

Jul 17, 2019 Compliance

A focus on money laundering unites all European national regulators. Practice Insight has created a handy jurisdiction-by-jurisdiction guide to enforcement practices in the top four financial centres, highlighting crossovers and divergence

Emir Refit: frustration hits the industry as new rules come in

Jul 11, 2019 Conduct

As updates on clearing obligations as defined by European Market Infrastructure Regulation (Emir) came into play last month, associations and analysts discuss market reaction to the proposed changes with Practice Insight

Best practice: Libor legacy products

Jul 11, 2019 Conduct

Practice Insight, in consultation with EY, has drafted a product-by-product guide to the risks attached to Libor transitioning, with loans topping the list. Challenges were assessed according to four distinct but interlocking categories: product complexity, infrastructure challenges, client impacts and litigation risk

EU banks and buyside welcome tighter green regulations

Jul 10, 2019 Conduct

Firms are generally supportive of the European Commission’s Green Bond Standards, elements of which could enter legislation within the next two or three years. Taxonomy, independent verifiers and disclosure are most in need of tighter controls

Hong Kong market demands consensus on Honia

Jul 10, 2019 Conduct

Heavy reliance on local interbank offered rate Hibor means the jurisdiction is paving way for a multi-rate approach, bankers and industry associations tell Practice Insight

Ford leverages market position to support transition from Ibors

Jul 8, 2019 Conduct

The recent asset-backed securities are the first to utilise the US Alternative Reference Rates Committee's new post-Libor fallback language for securitisation. Here the company's lawyer explains how the deal came together

DAC6 fixes tax loopholes but confuses banks and corporates

Jul 4, 2019 Compliance

Two weeks ago, Practice Insight and International Tax Review revealed how loopholes in the Common Reporting Standard worked within international securities markets; this week we explore the problems with DAC6 – the EU regulation that is supposed to close the loopholes