Press releases

AFME, FIA, ICMA, ISDA and ISLA Publish Master Regulatory Reporting Agreement

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The Association of Financial Markets in Europe (AFME), Futures Industry Association (FIA), International Capital Market Association (ICMA), International Swaps and Derivatives Association, Inc. (ISDA) and International Securities Lending Association (ISLA) have published a new agreement intended to simplify reporting across different European Union regulatory regimes.

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ISDA launches Consultation on Fallbacks for Euro LIBOR and EURIBOR

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ISDA has launched a supplemental consultation on the spread and term adjustments that would apply to fallbacks for derivatives referencing euro LIBOR and EURIBOR in the event those benchmarks are permanently discontinued. The consultation also covers technical issues related to the adjustment methodology, and seeks feedback on whether the adjustments would be appropriate for lesser-used interbank offered rates (IBORs) if ISDA implements fallbacks for those benchmarks in the future.

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Trade Organizations call for Extension of Temporary Equivalence and Recognition of UK CCPs

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ISDA and 13 other financial services trade associations have today written to European Commission Vice President Valdis Dombrovskis to highlight the need for an urgent extension to the temporary equivalence determination for UK central counterparties (CCPs). Without such an extension, EU clearing members would not be able to continue as direct members of UK CCPs in the event of a no-deal Brexit, and EU counterparties would not be able to clear derivatives subject to the clearing obligation on those CCPs.

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22 years of pension savings gone in 24 hours

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Victims of pensions scams could lose 22 years’ worth of savings within 24 hours, according to the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR).

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New appointments to Financial Conduct Authority board announced

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Three new appointments to the board of the Financial Conduct Authority (FCA) have been made by the Economic Secretary to the Treasury today.

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FCA urges victims of illegal loan scheme to come forward

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The Financial Conduct Authority (FCA) has today urged customers who took out a loan with Mr Dharam Prakash Gopee to contact them as they may be eligible for compensation.

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FCA confirms help for mortgage prisoners

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The Financial Conduct Authority (FCA) has today confirmed that it has removed barriers that stop some mortgage customers from finding a cheaper mortgage deal.

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ISDA Publishes Report Summarizing Results of Benchmark Fallbacks Consultation on Pre-cessation Issues

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ISDA has today published a report that summarizes responses to a consultation on pre-cessation issues for LIBOR and certain other interbank offered rates (IBORs).

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FCA seeks compensation for Park First investors

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The FCA has started proceedings against Park First Limited, its senior managers, including its chief executive officer and a number of other companies connected to the Park First group. The FCA is seeking compensation orders in favour of investors in respect of losses they have suffered in the Park First scheme.

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FCA data show 4.29m complaints for first half of 2019

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The Financial Conduct Authority (FCA) has today published the complaints figures for regulated firms for the first half of 2019. The data showed an increase in complaints from 3.91m in the second half (H2) of 2018 to 4.29m for the first half (H1) of 2019.

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