News analysis on how banks and asset managers are implementing conduct-focused rules, including investor protection under Mifid II’s product governance frameworks and the integrity of Libor.
As banks kick off the colossal task of repapering thousands of contracts based on Libor, the need for a financial market-wide approach is becoming clear. Issues are emerging over Isda’s impact, the effect on loans and accounting processes
Many are optimistically keeping faith that the rate will live on long beyond 2021, while others are unsure of exactly what's expected of them. Regulators are getting increasingly frustrated with slow movers
A leading clearinghouse strongly disagrees with initial margin haircutting under the CCP draft recovery and resolution regime as it leads to a conflict of interest, while banks believe it’ll leave them out of the money
Endorsement and recognition may be big business for those willing to provide it, but it is risky and time-consuming. Some don't even know the regulation exists
Both banks and asset managers explain why they’re doubtful of the need for the regulatory frameworks and their focus on unconnected analysts
Many feel that the Securitisation Regulation’s intention is to deter bank investors from buying ABS, while Solvency II amendments are unlikely to bring back insurance firms
Ongoing confusion over scope means firms are running out of time to get compliant. Relying on a delay that may never come is a risky strategy at best
Bank investors are purchasing short-dated securities in anticipation of the Securitisation Regulation. They believe the LCR in its current form will cost them heavily
This landmark Libor reform survey finds a market split on everything from managing the transition and minimising disputes to impact on documentation and pricing. In-house lawyers, heads of rates, traders and corporate treasurers tell us how the upheaval will affect them
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