With the second consultation on the UK’s new Investment Firms Prudential Regime now closed, market participants have just over six months left to prepare for the new rules
The regulator will use tools to ensure the orderly functioning of markets, financial stability and investor protection, though sources pointed to a lack of measures for digital assets
The cessation of Eonia has ushered in a new era for the euro market, where participants now look to solidify risk-free rate use and further build liquidity
With Libor now gone in most tenors, market participants’ attention turns to synthetic rate use and to the US dollar transition, although some follow-up work remains in other currencies
