feed

RSS feed

ISDA Publishes Two Consultations on Benchmark Fallbacks

ISDA has launched two new consultations on benchmark fallbacks – one covering adjustments that would apply to fallback rates in the event certain interbank offered rates (IBORs) are permanently discontinued, and another relating to pre-cessation issues for LIBOR and certain other IBORs.

May 2019 Benchmark Fallbacks Consultations

Supplemental Consultation on Spread and Term Adjustments for Fallbacks in Derivatives Referencing USD LIBOR, CDOR and HIBOR and Certain Aspects of Fallbacks for Derivatives Referencing SOR

This consultation seeks input on the approach for addressing certain issues associated with adjustments that will apply to alternative risk-free rates (RFRs) if the fallbacks take effect.  These adjustments are necessary because of the differences between the interbank offered rates and the RFRs.

SEC Cross-Border Proposal Balances Burdens and Benefits of New SBS Regime

On Friday, the SEC proposed a package of rule amendments and regulatory guidance regarding the cross-border application of its security-based swap (“SBS”) rules.  The proposal represents an attempt by the SEC to reconsider certain aspects of the cross-border application of SBS regulatory requirements that market participants have identified as unnecessarily burdensome or incongruous with parallel CFTC swaps requirements.

EBA updates on its work in response to the Commission's call for advice on Basel III implementation

The European Banking Authority (EBA) is currently finalising its impact assessment on the implementation of Basel III, in response to the European Commission’s call for advice it received on 4 May 2018. The findings of the assessment in the areas of credit risk, operational risk, output floor and securities financing transactions will be published in a report by the end of July 2019. The findings in the area of market risk and CVA will be published at a later stage, owing to the later completion of these parts of the Basel III framework.

Fiona Wilson Financial Services Limited (clone of authorised firm)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out more about this ‘clone firm’. 

Leading the Way on Regulation

Speech delivered by Karina McTeague, Director of General Insurance and Conduct Specialists Supervision, at the British Insurance Brokers' Association (BIBA) Conference 2019. 
 

Mn99 Credit Union (clone of authorised firm)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out more about this ‘clone firm’. 

Why Letting Data Go Matters to Customers and Companies

BY MARKUS BUHMANN

Data Management and Architecture Leader

16 May 2019, London.

We hear a lot of talk about how, why and when organisations collect data from individuals. Rightly so. There are laws to comply with, and good practice to implement. No company, surely, wants to be put through the wringer for failing on either ground.

Anti abuse news – and a panel

Recent market manipulation cases (for example see here) have continued the trend of an increased focus on anti abuse activity on the part of regulators. Earlier this year, the UK’s FCA issued a business plan (see here) which included a further focus on anti abuse activity under MAR. The FCA uses data collected under MiFID … Continue reading

Building blocks: the useful elements of blockchain

Simon Scorer

Pages