Industry urged to accelerate Libor transition this year
Despite Libor being due to cease at the end of 2021, UK authorities have set out a timeline for the shift to the Sonia benchmark throughout this year.
Despite Libor being due to cease at the end of 2021, UK authorities have set out a timeline for the shift to the Sonia benchmark throughout this year.
The Bank of England and the FCA are upping efforts in data, with plans to deploy new technologies for increased data and analytics abilities.
Andrew Bailey has been chief executive of the FCA since July 2016, and will take on the leadership role at the Bank of England in March next year.
Hedge funds reportedly gained information from a Bank of England press conference audio feed five to eight seconds faster than other marker participants.
FX turnover in the UK reached record highs, as North America sees sharp decrease over the same period.
The Bank of England’s deputy governor for markets and banking has said pace of transition from Libor to Sonia must be accelerated.
Regulators have agreed on measures to provide a “bridge over Brexit” for derivatives trading and clearing in the UK and US.
Euroclear’s London-based CSD to settle Irish securities in a ‘no-deal’ Brexit scenario after agreement with ESMA and the Bank of England.
Average daily FX turnover in the UK hits new highs in April according to data from the Bank of England.
Mark Carney says time has come for cryptocurrencies to be held to same regulatory standards as the rest of the financial system.