ICE Benchmark Administration (IBA), the authorised and regulated administrator of LIBOR, has provided an update regarding LIBOR cessation and synthetic LIBOR following announcements from the UK Financial Conduct Authority (FCA) made over the past year and focusing on when LIBOR settings will cease and the creation of a synthetic methodology for selected LIBOR settings through 2022.
The surge in trading volumes combined with the emergence of new digital financial assets and geopolitical events have added layers of complexity to market activities. Traditional surveillance methods often struggle to keep pace with these changes, leading to difficulties in detecting sophisticated market abuses and increased regulatory risk. To address these challenges, financial institutions are...
For much of the past decade, Basel III has been discussed as a global regulatory reform programme moving at uneven speed, but broadly in the same direction. The UK Prudential Regulation Authority’s confirmation of its Basel 3.1 timetable brings welcome clarity for firms operating in the UK market, yet it also underlines a deeper reality:...
Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.
The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...