01/06/2022

Voting rights and the myth of future proofing documentation

This is quite a pivotal shift for the financial markets, but a necessary one, as the inter-bank unsecured lending which used to underpin LIBOR has virtually disappeared, leaving the rate mostly a theoretical exercise and making it unviable on a long-term

01/05/2022

Changes to LIBOR as of end-2021

From today, these 6 LIBOR settings will be calculated in a way that does not rely on submissions from panel banks.

01/05/2022

Financial Regulation: Daily Update

The FCA's statement is intended to give certainty until the date the amendments to the RTS and the Handbook Guidance take effect.

01/05/2022

Esma consults on rule changes to accommodate tokenized securities

The agency is consulting on a pilot regime for market infrastructures based on DLT, examining transaction reporting exemptions and ways in which regulators can gain access to information on transactions, financial instruments' reference data and tran

01/05/2022

Financial Service & Banking News

The Commission considers there is a role for natural gas and nuclear as a means to facilitate the transition towards a predominantly renewable-based future.

01/04/2022

European Central Bank's savvy gradualism

Unlike the US Federal Reserve, the European Central Bank (ECB) has no fiscal backstop and must worry about the cohesion of the eurozone, in addition to the risk of inflation. Given these complex policy conditions, ECB president Christine Lagarde's ca

12/30/2021

Viola Money enters administration

The special administration process includes provisions to facilitate the return of customer funds by the special administrators.