Europe

Market Infrastructure

FCA Consults on Intention to Compel Publication of Synthetic LIBOR

By Editors | 25/06/2021

The FCA intends to compel publication of synthetic versions of GBP and JPY LIBOR, using forward-looking term version of RFRs.

Big Picture

Enterprise Ireland, Kapronasia Publish APAC Regtech Study

By Manesh Samtani | 23/06/2021

Lengthy procurement processes, cumbersome IT and security approvals, and implementation complexity are hindering APAC regtech adoption.

Market Infrastructure

UK Regulators Support US ‘SOFR First’ Proposal on Interdealer Swaps

By Editors | 17/06/2021

The FCA and BOE encourage liquidity providers to change USD linear swap trading conventions from USD LIBOR to SOFR on 26 July 2021.

Fintech / Regtech

BIS, BOE Launch Innovation Hub London Centre

By Editors | 12/06/2021

The launch is part of a plan to expand the global reach of the BIS Innovation Hub, which includes the opening of Centres in Toronto, Frankfurt, Paris and Stockholm.

Market Infrastructure

Regulatory Harmonisation Critical to OTC Derivatives Reporting

By Priya Kundamal | 11/06/2021

The fragmentation of trade reporting rules and the lack of a common data set across jurisdictions hinders transparency and global risk monitoring, writes DTCC’s Priya Kundamal.

ESG / Sustainability

UK Forms New Advisory Group to Work on Taxonomy

By Ranamita Chakraborty | 11/06/2021

The Green Technical Advisory Group will advise the government on developing and implementing a green taxonomy in the UK context.

Fintech / Regtech

French, Swiss Central banks Partner to Test Wholesale CBDC

By Sanday Chongo Kabange | 11/06/2021

Project Jura will investigate the potential benefits and challenges of wCBDC in settling cross-border payments.

ESG / Sustainability

BOE Commences Climate Risk Stress Tests for Banks, Insurers

By Ranamita Chakraborty | 10/06/2021

The end result will be more robust management of climate-related financial risks across the sector, said BOE governor Andrew Bailey.

Big Picture

BOE Issues Paper Exploring New Forms of Digital Money

By Sanday Chongo Kabange | 09/06/2021

The BOE seeks feedback on the discussion paper as it examines how CBDCs and stablecoins could impact the financial system and wider economy.