Press releases

FCA finds MiFID II research unbundling rules working well for investors

+0
1 View

The Financial Conduct Authority (FCA) has today published multi-firm review findings indicating the Markets in Financial Instruments Directive’s (MiFID II) research unbundling rules have improved asset managers’ accountability over costs, saving millions for investors.

Share
Category

ISDA Publishes Consultation on Final Parameters for Benchmark Fallback Adjustments

+0
1 View

ISDA has today launched a new consultation to finalize the methodologies for the adjustments that will be made to derivatives fallbacks in the event certain interbank offered rates (IBORs) are permanently discontinued.

Share
Category

ISDA Response to US Proposed Rule-making on Swap Margin Requirements

+0
1 View

ISDA has published the following response to US proposed rule-making on swap margin requirements.

Share
Category

Further details of Independent Investigation of Interest Rate Hedging Products announced

+0
1 View

John Swift QC has announced his full independent support team is now in place to conduct the investigation into the FSA’s (and subsequently the FCA’s) implementation and oversight of the Interest Rate Hedging Products (IRHP) Redress Scheme.

Share
Category

FCA steps up efforts to ensure firms are getting ready for a no-deal Brexit

+0
0 Views

The Financial Conduct Authority (FCA) is stepping up its efforts to ensure firms are aware of what they need to do to prepare for the potential of a no-deal Brexit. Firms who have not prepared appropriately may risk an impact on their business. 

Share
Category

Konstantin Vishnyak appears at court for destruction of documents offence

+0
2 Views

In a prosecution brought by the FCA, Konstantin Vishnyak has today appeared at Westminster Magistrates’ Court in relation to one count of destroying documents which he knew or suspected were or would be relevant to an investigation.

Share
Category

Financial Conduct Authority appoints new Chief Economist

+0
1 View

The Financial Conduct Authority (FCA) has appointed Kate Collyer as its Chief Economist. Kate is currently Chief Economist for Energy and Market Frameworks and Joint-Director of Analysis at Department for Business, Energy and Industrial Strategy (BEIS).

Share
Category

FCA announces new chair of the Smaller Business Practitioner Panel

+0
1 View

Charles Randell, Chair of the Financial Conduct Authority, has today announced the appointment of Marlene Shiels, Chief Executive of Capital Credit Union, as Chair of the FCA’s Smaller Business Practitioner Panel from 1 October 2019. She has been a member of the Panel since 2015 and succeeds Craig Errington, Group Chief Executive of Wesleyan.

Share
Category

ISDA Create to Add New Custody Legal Function for Initial Margin

+0
5 Views

ISDA and Linklaters have announced the addition of a new custody function on ISDA Create’s initial margin (IM) offering, which will enable users to complete all documentation required for regulatory IM on a single platform. BNY Mellon will be the first custodian to go live on the platform.

Share
Category

Richard Baldwin, sentencing 3 September 2019

+0
1 View

On 3 September 2019, at Southwark Crown Court, His Honour Judge Hehir sentenced Mr Richard Baldwin to a total of 5 years and 8 months’ imprisonment. 

Share
Category