Page 4 - Feedback Statement News Today

Surveys and Reports Regulatory Developments United Kingdom: FCA publishes feedback statement on Open Finance Some of the key findings that the FCA draws out in its feedback statement are: A legislative framework would be needed for open finance to develop fully, both to provide any statutory right to data access and to support a regulatory framework. In addition to the regulatory framework, the following building blocks would be needed for a sustainable open finance ecosystem to develop – eit...

To embed, copy and paste the code into your website or blog: The upcoming transition from LIBOR, which is published by ICE Benchmark Administration Limited (IBA), to the Secured Overnight Funds Rate (SOFR), which is published by the New York Federal Reserve Bank (NYFRB), has prompted a great deal of discussion in the world of leveraged finance. In particular, the transition from LIBOR to SOFR creates a number of potential issues and pitfalls under existing loan documents, including issues relat...

Summary The relevant dates regarding cessation are the same in the November request for comment – i.e., all LIBOR settings will either cease to be provided by any administrator or no longer be representative: immediately after 31 December 2021, in the case of all sterling, euro, Swiss franc and Japanese yen settings, and the 1-week and 2-month US dollar settings; and, immediately after 30 June 2023, in the case of the remaining US dollar settings. Impact: Maybe the biggest impact of this stat...

To print this article, all you need is to be registered or login on Mondaq.com. Welcome to the latest issue of Mayer Browns IBOR Transition Digest-a periodic compendium of global regulatory and market developments and insights on the complex issues confronting financial market participants as they plan to transition from LIBOR and its variants to replacement benchmark interest rates. As attention to IBOR transition accelerates and becomes more focused, it is critical to...

Date February 2021 Market operations Annual review of the list of acceptable non-regulated markets and the list of recognised agencies in the Eurosystem collateral framework On 22 January 2021 the Governing Council decided, as a result of its annual review of these lists, to add the market SI ENTER to the list of accepted non-regulated markets and two agencies (UAB Valstybės investicinis kapitalas (VIK) and Slovenská záručná a rozvojová banka, a.s. (SZRB)) to the recognised agency list. B...

Minister Donohoe publishes an Update to Ireland’s 2018 Corporation Tax Roadmap 14th January 2021 - Paschal Donohoe TD The Update takes stock of the changing international tax environment, outlines the significant actions Ireland has taken to date and the further actions that will be taken over the coming years. The Update outlines further actions that Ireland will be taking as part of international tax reform efforts, including commitments to:   Legislate for new International tax...