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Showing 61 to 70 of 153 search results for sterling LIBOR transition.
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FCA consults on use of new powers to support orderly wind down of critical benchmarks
Today the FCA has published a consultation on its proposed policy framework for exercising two of its new powers under the Benchmarks Regulation (BMR), which will be introduced by the Financial Services Act 2021. These powers relate to the use of -
FCA commits to being a more innovative, assertive and adaptive regulator
The commitment reflects the FCA’s Business Plan for 2021/22, the first annual plan since Nikhil Rathi joined the FCA as Chief Executive in October 2020 -
FS21/12: Decisions on the use of LIBOR (Articles 23C and 21A BMR)
Feedback on responses to our proposal to use our Article 23C and Article 21A powers under the Benchmarks Regulation for certain LIBOR settings. -
Lloyds Banking Group fined £105m for serious LIBOR and other benchmark failings
In relation to LIBOR, the firms’ misconduct between May 2006 and June 2009 included:. ... LIBOR is by far the most prevalent benchmark reference rates used in euro, US dollar and sterling OTC interest rate derivatives contracts and exchange traded -
The FCA and the Bank of England encourage market participants in further switch to SONIA in interest rate swap markets
FCA and Bank of England support and encourage liquidity providers in the sterling swaps market to adopt new quoting conventions for inter-dealer trading based on SONIA instead of LIBOR from 27 October this year. -
Financial services regulation and enforcement: recent developments and emerging issues
Speech by Tracey McDermott, Director of Enforcement and Financial Crime at the NERA Economic Consulting seminar, London. This is the text of the speech as drafted, which may differ from the delivered version. -
LIBOR contractual triggers
How the FCA would announce LIBOR contractual triggers. -
UK MiFIR data reporting and LIBOR transition
We aim to clarify expectations for investment firms and trading venues submitting UK MiFIR transaction reports and instrument reference data in relation to LIBOR transition -
Dear CEO letter: Firms’ preparations for transition from LIBOR to risk-free rates - banks [pdf]
The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) are writing to the CEOs of large banks and insurance companies regarding the ongoing global benchmark reform effort mandated by the Financial Stability Board (FSB), -
Review of the use of our Article 23D power for 3-month synthetic sterling LIBOR [pdf]
This report sets out the outcome of the FCA's review.