Bank of England and FCA to launch joint Digital Securities Sandbox
The new regime is expected to last five years and is aimed at helping regulators design a better-informed, permanent technology regime for the digital securities market.
The new regime is expected to last five years and is aimed at helping regulators design a better-informed, permanent technology regime for the digital securities market.
Watchdog has concluded areas of wholesale market data competition are not working thanks to some firms undue “market power”.
The Financial Conduct Authority (FCA) has given firms until the end of the month to consider its recommendations; firms are not required to report their actions back to the regulator.
AFME lists key considerations to take on board around the establishment of a UK consolidated tape as the FCA’s consultation period, set out in July, closes on Friday.
Latest development follows last week’s milestone agreement from European Council and Parliament to introduce a consolidated tape in the EU.
Experts unpack the controversial proposal for active accounts on EU CCPs and what the outcome of the recent Memorandum of Understanding milestone could be.
Synthetic US dollar Libor will run until 30 September 2024, however, the UK regulator stresses that firms should continue to actively transition away from Libor.
Following a flawed implementation of trade surveillance requirements, regulator found Citigroup Global Markets experienced gaps in its arrangements, systems, and procedures.
A discussion paper released by the Bank of England, Prudential Regulation Authority and the Financial Conduct Authority looks to combat financial stability concerns related to third-party service providers.
Incoming chair joins from the Securities and Futures Commission in Hong Kong where he has served as chief executive since 2011.