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Key regulatory themes for 2016
28 Sep

Key regulatory themes for 2016

So far 2016 has been one of the most contentious years since the G20 agreed the regulatory reform agenda seven years ago. With ever-rising costs, increasingly more severe penalties, and continued issues with data quality, it would be easy to claim the plans conceived in the wake of the crisis are not going to get Read More

24 Aug

What you need to know about the new Benchmark Regulation

  • 24th August 2016
  • Kara Paslawska

Benchmarks and indices are vital tools for assessing the underlying price of financial instruments and contracts as well as for measuring the performance of investment funds.  Despite this, recent LIBOR and EURIBOR scandals have exposed how vulnerable to manipulation these instruments are.  In the light of these events, the European Commission produced a benchmark regulation, which Read More

03 Mar
benchmark regulation, benchmarks regulation, benchmarking, esma discussion paper benchmarks, wheatley review, LIBOR, EURIBOR,

On your marks for the Benchmarks Regulation

On 15 February, ESMA released a discussion paper with the purpose of consulting stakeholder opinions on the technical implementation of the incoming Benchmarks Regulation.  This regulatory process was initiated on 18 September 2013 at an EU level when the Commission published a legislative proposal for a new regulation on benchmarks, which falls in line with Read More

19 Sep

EULIBOR: EU unveils benchmark intervention powers

By: Conor Foley & Anna Sedzik.  This memo summarises key provisions of the draft proposal for a Regulation of the European Parliament and of the Council on indices used as benchmarks (IBR) and next steps in the legislative review process.1 1. Key point summary (1) If adopted, the proposed legislation would apply to all benchmarks that are Read More

04 Mar

Benchmark reform: a national race to restore global trust?

  • 4th March 2013
  • RegTechFS

Libor, Euribor, Tibor, Noribor…  Fines of $1.5 billion, £390 million and more expected across the globe …Fallout from benchmark manipulation is not new news, but the way in which we are driving towards new benchmarking regimes is.  Why? Benchmarks are at the very core of the financial markets and even slight regulatory variances can result Read More