New data from the Investment Association reveals that 70% of asset managers reduced exposure to Libor in 2019.
Tag: Investment Association
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Formerly known as Velocity, the buy-side trade group’s FinTech initiative has been renamed Engine.
Market participants were sent the consultation this week to provide feedback on shorter trading hours by mid-May.
The Investment Association has written to the FCA and the Bank of England to confirm that asset managers want markets to remain open despite coronavirus volatility.
Standard Life Aberdeen’s Keith Skeoch replaces Peter Harrison, CEO of Schroders, as chair of the board at the Investment Association.
The Investment Association has proposed a more standardised format for FX trade rejections, as brokers currently have no consistent way to communicate this with the buy-side.
Trade associations have said cash bond markets should be excluded from initial rollout of the CSDR buy-in regime until the regulation’s impact on liquidity is fully assessed.
AFME and the IA have called for a 90-minute reduction in European market hours as the LSE’s consultation nears closure.
Following calls from the industry to reduce trading hours in Europe, the LSE has started a consultation and is accepting responses until the end of January.