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Latham & Watkins LLP

FCA Indicates LIBOR Transition Deadline Will Not Be Extended Due to COVID-19

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The FCA, the Bank of England, and members of the Working Group on Sterling Risk-Free Reference Rates have stated that firms should still plan for the transition away from LIBOR at the end of 2021. On 25 March 2020, the...more

A&O Shearman

UK Regulators Push For More Action on LIBOR Transition

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The Bank of England, U.K. Prudential Regulation Authority, U.K. Financial Conduct Authority and the Working Group on Sterling Risk-Free Reference Rates have published a set of documents outlining priorities and milestones for...more

Robins Kaplan LLP

Financial Daily Dose 8.2.2019 | Top Story: White House Threatens More Tariffs on China

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Apparently hoping to urge China off of its new go-slow tactic, the White House is applying its maximum pressure campaign again, announcing yesterday that the US will “impose a 10 percent tariff on an additional $300 billion...more

Robins Kaplan LLP

Your Daily Dose of Financial News

Robins Kaplan LLP on

Unbowed by personal attacks from the White House, Fed Chair Jerome Powell delivered remarks to the Economic Club of New York on Wednesday that markets used as an excuse to jump nearly 600 points by the closing bell.  ...more

A&O Shearman

Bank of England Confirms Implementation of SONIA reforms

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The Bank of England has confirmed that it has implemented its reforms to the SONIA interest rate benchmark. SONIA, the Sterling Overnight Interbank Average Rate, which has been administered since April 2016 by the BoE, is the...more

A&O Shearman

UK SONIA Interest Rate Benchmark Implementation Date Set: April 23, 2018

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The Bank of England has announced the implementation date for the reformed Sterling Overnight Index Average Interest Rate Benchmark, known as SONIA. The BoE took over as administrator of SONIA on April 25, 2016. SONIA is...more

Proskauer - Corporate Defense and Disputes

UK Regulators Address Manipulation of Trading Benchmarks and Other Misconduct

Concluding a year-long review, UK regulators issued the final report of the Fair and Effective Markets Review Committee last week, making a number of recommendations intended to restore confidence in the trading markets for...more

Dechert LLP

Fairer and More Effective Fixed-Income, Currency and Commodity Markets?

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At the annual Mansion House speech to the City on Wednesday, 10 June, Bank of England (BoE) Governor Mark Carney announced an end to “the age of irresponsibility”. Shortly before the Mansion House speeches began, the...more

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