Tony 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, 2019ISDA and EU banking associations are calling for equivalence decisions to be prioritised for Australia, Hong Kong, Singapore and South Korea, among others.
October 1, 2019The associations say a preferred approach would be to recognise Singapore's and Australia's regimes as a whole rather than the current benchmark-by-benchmark approach.
April 19, 2019Singapore and EU-based firms will be able to trade derivatives on approved platforms based in either jurisdiction following proposed equivalence decisions by both regulators.
February 21, 2019