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.
New data discloses around 15% of UK investment firms have notified FCA of errors or omissions in transaction reporting under MiFID II.
Firms are at risk of fines for MiFID II transaction reporting failures, as almost 70% state they have received no feedback at all from regulators on submissions.
Benchmark administrators could be in-scope of the senior managers regime late next year, as the FCA launches consultation on proposal.
The FCA has disputed a peer assessment that its analysis and integration of EMIR data in its supervisory approach is not meeting expectations.
Firms have been urged by the FCA to take reasonable steps to prepare with post-Brexit MiFID and EMIR reporting requirements.
The rates division at Tullett Prebon engaged in improper trading with lax controls and systems in place to monitor broker conduct.
Industry review from UK regulator finds positive results since MiFID II implementation with no negative impact to research access for small-to-mid caps.