The equivalence decision is expected to reduce audit costs, improve audit efficiency, and deepen Sino-Swiss economic, trade and financial cooperation.
January 2, 2023The recognition lowers capital requirements and makes managing counterparty risk easier for EU financial institutions participating in Taiwan's market.
November 11, 2022The FMI Standards are likely to be issued in early 2023 and take effect around 1 August 2023 - once FMI designations are complete.
September 26, 2022Tony Freeman explains why European banks are unlikely to move away from clearing trades through London absent a regulatory mandate.
February 11, 2022The FSB highlights concerns that new regulatory regimes for global stablecoins could give rise to regulatory arbitrage and harmful market fragmentation.
October 8, 2021Once the regime is implemented, CDOR will become a designated benchmark with Refinitiv Benchmarks Services formally designated as its administrator.
May 4, 2021EIOPA will provide the FSA advice on an equivalence decision under the EU’s Solvency II framework and, later, the monitoring of this decision.
March 6, 2021ISDA and 13 other associations say they believe an extension of the transitional period for third-country benchmarks under BMR is urgently needed.
November 22, 2020During the 11-month transition period, EU law will continue to apply in the UK, including passporting arrangements and consumer rights protections.
January 31, 2020The BMR transition period is now scheduled to end alongside LIBOR's discontinuation, creating a "perfect storm" of regulatory change for benchmark administrators and users at end-2021.
December 17, 2019