Technology needed to address Sonia complexities
Treasury

Technology needed to address Sonia complexities

3w | Salmon Software Limited

Technology needed to address Sonia complexities

"If you’re taking a new loan or swap and tying it to Libor for the remainder of this period, to me that would be short sighted." Read More...

View article
Traders keep eye on Libor transition
Trading & brokering

Traders keep eye on Libor transition

11m | By Emma Olsson, Reporter

Traders keep eye on Libor transition

Derivatives traders are on track to adopt new benchmark fallbacks ahead of the London Interbank Offered Rate (Libor) transition, with the pandemic bea...

View article
Roles lack clarity in Isda’s CDM
Asset management

Roles lack clarity in Isda’s CDM

11m | By Emma Olsson, Reporter

Roles lack clarity in Isda’s CDM

Debate is growing over the implementation of the International Swaps and Derivatives Association’s (Isda’s) common domain model (CDM), as ...

View article
SMCR delay may provide regtech opportunities
Banking

SMCR delay may provide regtech opportunities

11m | By Emma Olsson, Reporter

SMCR delay may provide regtech opportunities

The UK Financial Conduct Authority’s (FCA’s) delay of the Senior Managers and Certification Regime (SMCR) may grant new opportunities for ...

View article
Insurers respond to FCA criticism in High Court case
Insurance

Insurers respond to FCA criticism in High Court case

11m | By Emma Olsson, Reporter

Insurers respond to FCA criticism in High Court ca...

Lawyers representing UK insurers began their oral submissions today as the Financial Conduct Authority’s (FCA’s) High Court test case cont...

View article
FCA lawyer: insurers “studiously avoiding” impact of pandemic
Insurance

FCA lawyer: insurers “studiously avoiding” impact of pandemic

11m | By Emma Olsson, Reporter

FCA lawyer: insurers “studiously avoiding” impact ...

Lawyers for the Financial Conduct Authority (FCA) presented inconsistencies in UK insurers’ cases this morning during the second day of the...

View article
FCA needs intense safeguarding revisal, say UK PSPs
Payments

FCA needs intense safeguarding revisal, say UK PSPs

11m | By Shannon Moyer, Journalist

FCA needs intense safeguarding revisal, say UK PSP...

Following Wirecard’s failures, market participants have raised flags around the Financial Conduct Authority’s (FCA) regulations on firms s...

View article
Financial services and the UK regulation agenda: more than a response to coronavirus
Banking

Financial services and the UK regulation agenda: more than a response to coronavirus

1y | bobsguide

Financial services and the UK regulation agenda: m...

On April 7, 2020, the Financial Conduct Authority (FCA) published its business plan for 2020/2021. Understandably, the FCA’s main immediate focu...

View article
Black box problem stunting ML adoption in default risk analysis
Banking

Black box problem stunting ML adoption in default risk analysis

2y | By Rebekah Tunstead, Reporter

Black box problem stunting ML adoption in default ...

Difficulties in explaining machine learning (ML) models is causing concern as banks look to the technology for default risk analysis, according to mar...

View article
Report: Asset managers hesitate with Libor transition
Asset management

Report: Asset managers hesitate with Libor transition

2y | By Rebekah Tunstead, Reporter

Report: Asset managers hesitate with Libor transit...

While asset managers may wait for their counterparty banks to navigate them through the transition away from the London Inter-bank Offered Rate (Libor...

View article
UK’s anti-crypto stance “aggressive and outmoded”
Asset management

UK’s anti-crypto stance “aggressive and outmoded”

2y | By Alex Hamilton, Reporter

UK’s anti-crypto stance “aggressive and outmoded”

The Financial Conduct Authority (FCA)'s proposed crypto-derivatives ban is aggressive and outmoded, according to Townsend Lansing, chief...

View article
FCA insurance warning showcases proactive approach, says industry
Insurance

FCA insurance warning showcases proactive approach, says industry

2y | By Alex Hamilton, Reporter

FCA insurance warning showcases proactive approach...

While a stern warning issued by the UK's Financial Conduct Authority (FCA) to the insurance sector affects a small slice of the industry, the...

View article
FCA’s Dimachki: Regulator “open to discussions” around interpretation of PISP standards
Insurance

FCA’s Dimachki: Regulator “open to discussions” around interpretation of PISP standards

2y | By Rebekah Tunstead, Reporter

FCA’s Dimachki: Regulator “open to discussions” ar...

The regulations around Payment Initiation Service Providers (PISPs) are not supposed to be prescriptive, according to Maha El Dimachki, head of paymen...

View article
Trax and Thomson Reuters team up to tackle systematic internalisers
Asset management

Trax and Thomson Reuters team up to tackle systematic internalisers

3y | By David Beach, Reporter

Trax and Thomson Reuters team up to tackle systema...

Thomson Reuters announced a partnered with Trax on August 22 to enable systematic internalisers (SIs) to more easily meet their Mifid II reporting and...

View article
Challenger CEO reacts to CMA’s bank rankings
Banking

Challenger CEO reacts to CMA’s bank rankings

3y | By David Beach, Reporter

Challenger CEO reacts to CMA’s bank rankings

On the 15th of August, the UK's Financial Conduct Authority (FCA) and Competition & Markets Authority (CMA) released data on quality of servic...

View article
UK's FCA/CMA banking surveys: fintechs given crucial market intelligence
Banking

UK's FCA/CMA banking surveys: fintechs given crucial market intelligence

3y | By David Beach, Reporter

UK's FCA/CMA banking surveys: fintechs given cruci...

As reported yesterday, the UK's Financial Conduct Authority (FCA) has enforced new rules requiring providers of personal and business bank current...

View article
Getting ready for the transition from Libor to alternative reference rates
Banking

Getting ready for the transition from Libor to alternative reference rates

3y | Wipro

Getting ready for the transition from Libor to alt...

Libor, the interest rate that reflects the general cost of unsecured borrowings by large banks, is the world’s most widely used benchmark rate. ...

View article
Mifid II call recording failure: problems of procurement?
Trading & brokering

Mifid II call recording failure: problems of procurement?

3y | By Michael McCaw, Editor

Mifid II call recording failure: problems of procu...

Few anticipated Europe’s largest set of financial rules to be a walk in the park – even after the one-year delay that many had hoped would...

View article