LIBOR â Are You Ready For Life Without LIBOR from end-2021? - Speech By Edwin Schooling Latter, Director Markets And Wholesale Policy At The FCA, Delivered At City & Financial s Managing LIBOR Transition Event On 26 January 2021 Date
Location: City & Financial s Managing LIBOR transition event
Delivered on: 26 January 2021
Highlights:
85% of uncleared UK derivatives market ready for the end of LIBOR as 12,500 firms sign the ISDA protocol
IBA consultation on proposed end-dates for LIBOR has now closed, opening the way to determining and announcing the future path for all 5 LIBOR currencies simultaneously
users of LIBOR should press ahead with transition plans – in their new business and their legacy LIBOR books
a multilateral MoU with EU and EEA NCAs covering supervisory cooperation, enforcement and information exchange between UK and EU/EEA national supervisors in the field of insurance regulation and supervision;
an MoU with the European Insurance and Occupational Pensions Authority (EIOPA) covering information exchange and mutual assistance between the UK authorities and EIOPA in the field of insurance regulation and supervision;
an MoU with the European Banking Authority (EBA) covering information exchange and mutual assistance between the UK authorities and the EBA in the field of banking; and
individual MoUs with EU and EEA NCAs covering supervisory cooperation and information-sharing arrangements in the field of banking. These can be found on the PRA website.
<p><span>The European Association of CCP Clearing Houses (EACH) published today an EACH paper entitled "Carrots and sticks: How the skin in the game incentivises CCPs to perform robust risk management". This document is part of series of papers produced in the context of the Online Workshop on CCP Risk Management that EACH organised jointly with the Journal for Financial Market Infrastructures (JFMI) on Tuesday 13</span><span>th</span><span> October 2020.</span></p>
Euroclear CEO optimistic about Sweden s harmonisation journey | Analysis globalinvestorgroup.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalinvestorgroup.com Daily Mail and Mail on Sunday newspapers.
This primer was first published in March 2020 and has been updated to reflect recent developments
The Securities Financing Transactions
Regulation (SFTR) is the EU’s answer to the Financial Stability Board’s policy
framework for addressing shadow banking risks in securities lending and repo.
The regulation is centred largely on transaction reporting, and impacts firms
in the EU and beyond.
What is SFTR?
First proposed in 2014, SFTR came as a
response to the Financial Stability Board’s (FSB) review of shadow banking
following the 2007-8 crisis. Its goal is to enhance transparency and keep track
of the risks associated with the securities market – the “last bastion