All posts tagged "FCA"
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636EuropeInterim LIBOR Transition Milestones May Be Affected: FCA
While end-2021 remains the firm target date for all firms to meet, interim transition milestones in some of the less prepared segments such as loan markets may be affected.
March 26, 2020 -
729EuropeEU, US, UK Authorities Grant Relief on Call Recording Rules
ESMA, the CFTC and the FCA have each indicated that financial firms can consider alternative mitigating steps in circumstances where call recording with clients is not possible.
March 23, 2020 -
686Europe
FCA Proposes ‘Comply or Explain’ Approach to Climate Disclosures
The FCA proposes to require companies with a UK premium listing to either make climate-related disclosures consistent with the TCFD recommendations, or explain their non-compliance.
March 8, 2020 -
573EuropeBOE to Increase Haircuts on LIBOR-linked Collateral from October
The market need to see a decisive acceleration in effort in 2020 to ensure risk-free rates are adopted and LIBOR is left behind for good, the BOE's Andrew Hauser said.
February 27, 2020 -
360FeatureISDA Launches New Consultation on Pre-cessation Fallbacks
ISDA seeks input on whether to add a pre-cessation trigger to the permanent cessation fallbacks it is implementing for LIBOR in its standard documentation.
February 26, 2020 -
381Europe
India Cabinet Approves SEBI-FCA Updated AIFMD MoU
The updated MoU substitutes references to EU legislation with the relevant UK law, pursuant to the UK's exit from the EU on 31 January.
February 20, 2020 -
533International
ISDA to Re-consult on Pre-cessation Fallbacks This Month
ISDA will consult on a single protocol that would allow participants to include both pre-cessation and permanent cessation fallbacks in derivatives trades.
February 6, 2020 -
617EuropeFCA Issues Guidance on Brexit Transition Period
During the 11-month transition period, EU law will continue to apply in the UK, including passporting arrangements and consumer rights protections.
January 31, 2020 -
751International
ISDA Welcomes Libor Pre-cessation Clarity from FCA, IBA
The FCA has clarified that any period of non-representative LIBOR based on reduced panel bank submissions could last for only a period of months, not years.
January 29, 2020 -
715EuropeUK Regulators Set Key LIBOR Transition Deadlines
Market makers have until 2 March to adopt SONIA as the market convention for issuing sterling interest rate swaps, and until Q3 to end all new issuances of LIBOR-based cash products.
January 17, 2020
