Latest news

Latest news

Market participants applaud push towards SOFR use in China

Jul 21, 2021 Compliance

Education and awareness raising work is still needed to urge banks to transition away from USD Libor, but application of the country’s domestic benchmark rate is increasing

Market concerned about long-term impact of Brexit and quantitative easing

Jul 26, 2021 Conduct

A post-Brexit race to the bottom in financial services tax together with unstoppable QE will exacerbate long-term socio-political risk

Banks must be ready for a multi-rate world

Jul 20, 2021 Conduct

Market participants need to make sure systems are equipped to deal with the alternative rates set to replace USD Libor, including new credit sensitive rates

Opinion: will the EU and UK ever get over their break-up?

Jul 19, 2021 Conduct

As regulatory divergence starts to show its face, Alice Tchernookova looks at why rebuilding the EU-UK relationship in the post-Brexit paradigm is a never-ending conundrum

Brexit: formal talks on future EU-UK relationship must start

Jul 14, 2021 Compliance

While the memorandum of understanding on financial services was widely welcomed by the industry, sources say the time has come to step things up and begin actual discussions

UK wholesale markets review eases Brexit anxieties 

Jul 13, 2021 Compliance

The much-anticipated consultation is a roadmap for regulatory divergence, but sources have questioned whether the UK’s plan to attract global business by simplifying rules is a genuine opportunity, or a Brexit fantasy

Sterling Libor market gears up for Q3 active transition deadline

Jul 12, 2021 Conduct

The Bank of England's risk-free rates working group has required that all active conversion of sterling Libor exposures be complete by late September – a milestone that many market participants say they will struggle to meet

Market needs more time for euro clearing shift

Jul 8, 2021 Compliance

Three key dates for the clearing of derivatives in the post-Brexit world are coming up in June next year, which market participants say could be a recipe for disaster

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