The deadline for shifting all contracts over from Libor to the UK’s replacement Sonia is fast approaching. As one market participant puts it, if you wait until 2021, there aren’t enough lawyers in the world to help
Not a month goes by without financial regulators delivering a change or update. As complexity continues to increase – be it Mifid II, SFTR, Emir or something else altogether – Practice Insight speaks to market insiders who feel it’s all gone a step too far
With the UK’s exit looming and a high chance of the FCA’s role in shaping the single market’s regulatory framework receding, EU27 authorities tell Practice Insight that they must rally together to strengthen the union
With the race for Tory leadership at full speed and Brexit pushed back until later this year, regulator and buyside sources say they have paused contingency planning for the summer
The new regulation, known as PD3, has introduced some changes but the consensus is that it has missed opportunities to improve essential aspects of the previous regime
