Regulatory News
‘It is no longer credible for any regulated firm to claim it did not know LIBOR might not survive this date’ – a new FCA speech by Edwin Schooling Latter
On 21 November 2019, Edward Schooling Latter, Director of Markets and Wholesale Policy at the FCA delivered an insightful speech at the Risk.net LIBOR summit, titled 'Next steps in transition from LIBOR' On 21 November 2019, Edward Schooling Latter,...
Conduct risk arising from LIBOR transition – a new FCA publication
Conduct risk arising from LIBOR transition - a new FCA publication On 19 November 2019, the FCA published a page on conduct risk arising during the LIBOR transition. The page comprehensively covers:governance and accountability;guidance on replacing...
Incompatibility of the LIBOR Fallback Methodologies
Incompatibility of the LIBOR Fallback Methodologies On 18 April 2019, Risk.net published an article that highlights the incompatibility of the LIBOR fallback methodologies that have been proposed by ISDA with certain interest rate products (e.g., in...
ARRC Recommended Fallback Language
ARRC Recommended Fallback Language The ARRC has published recommended fallback language for FRNs and syndicated loans and says that parallel language for bilateral loans and securitisations is on its way – see Reuters press release below....
FINCAD’s ‘End of LIBOR’ Survey
FINCAD's 'End of LIBOR' survey Find out the fundamental findings of FINCAD's survey on how the end of LIBOR will impact firms (and how it is already impacting them). With 140 survey participants from both buy-side and sell-side institutions, this survey...
Update from FCA on IBOR Discontinuance and Firm Readiness
Update from FCA on IBOR Discontinuance and Firm Readiness On 21 February 2019, the FCA published a speech given by Megan Butler, the Executive Director of Supervision – Investment, Wholesale and Specialists, FCA at the Investment Association. The speech is...
