The latest set of rules introduced by the FCA come in response to its extensive asset management study which raised concerns about fund fees.
Saxo Bank will use 15 of Cboe Europe’s indices on its Saxo Trader online platform.
Final benchmark regulatory text has been submitted to the European Commission for approval within three months.
Goldman Sachs is the third bank to settle with the CFTC over manipulating the ISDAFix swaps benchmark.
Commission is to give administrators additional powers over benchmarks considered to be ‘critical’.
As the dust begins to settle on the benchmark manipulation scandals that have rocked the financial services sector in recent years, Nicola Tavendale asks what has changed?
The ISDAfix manipulation case may not have been as headline grabbing as Libor and FX scandals but the rate is just as important to derivatives end-users active in swaps trading.