Industry Advocates Insights

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New York State adopts Libor fallback legislation

19th April 2021

New York State has passed legislation that could help transition tough legacy contracts away from Libor towards using Sofr. The bill “Libor Legislation” would provide a legal basis for contracts without fallback clauses to switch from Libor to Sofr once Libor ceases to be published or no longer thought to be representative. ... read more
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Concerns over insider trading mount

8th April 2021

Company: bobsguide
Insider trading must be tackled by regulators to provide a fairer market for small shareholders, particularly since the pandemic caused record levels of retail trading accounts, says Mohammed Rharrabti, senior business analyst at Natixis. “You can go to a forum and see many people exchange about their trade and shares. If you’re a... read more
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How the pandemic has accelerated consumers’ shift to digital payments

25th November 2020

Company: Accuity
It is likely that we won’t understand the full extent to which the pandemic has changed our lives until we are looking back at 2020. As people have remained home (and isolated) during the pandemic, they have resorted to purchasing their daily needs online.    It is easy to assume that the pandemic has significantly accelerated the... read more
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No regime rest bite: UK regulations to cause stir in 2021

24th November 2020

Company: bobsguide
It’s been a tough year for financial market participants in the UK, with the pandemic causing turbulence and uncertainty around Brexit undermining future strategy-building. Next year looks set to be almost as chaotic, as the country looks to rewrite its rulebook while maintaining its stake as a global financial powerhouse. For fintechs, it... read more
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Buyers’ brief: how tech is helping boutique asset managers compete in a scale game

2nd November 2020

Company: bobsguide
Investment managers have been under immense pressure for some time, which is acting as a catalyst for much-needed change across the asset management industry. The monumental shift towards passive investing has stretched fees and stricter regulation has dramatically increased compliance costs. That's put significant strain on margins for active... read more
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Pandemic forces UK dispute resolution rethink

22nd October 2020

Company: bobsguide
The disruption and financial pressures caused by the pandemic are likely to give rise to some common challenges for businesses across sectors, whether the problem concerns a supplier or a customer. While each case will require specific advice, parties should be generally aware of some recent changes to legal remedies available when approaching a... read more
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FCA needs intense safeguarding revisal, say UK PSPs

21st July 2020

Company: bobsguide
Following Wirecard’s failures, market participants have raised flags around the Financial Conduct Authority’s (FCA) regulations on firms safeguarding client funds and managing prudential risk. Luc Gueriane, chief commercial officer at Moorwand and former head of business development at Wirecard, explained via email that safeguarding... read more
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What does text analysis tell us about central banks’ communication in times of coronavirus?

16th July 2020

Company: Prometeia
During his years as Chairman of the Federal Reserve, Alan Greenspan became the icon of a communication style that later took the name of "Greenspeak": he made wordy and ambiguous statements. "Since I’ve become a central banker," he said on one occasion, "I have learned to mumble with great incoherence. If I seem... read more
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Report: Insurance industry takes tech and trust hit

11th June 2020

Company: bobsguide
Insurers face new threats as impact of coronavirus challenges tech stacks and complicates customer contracts. While the shock of the pandemic is being felt across all industries, insurers are grappling not only with the need to revamp legacy technology, but the potential loss of trust from customers who rely on them for support as the lockdown... read more