The end of the London interbank offered rate (Libor)is in sight as various working groups in different industry sectors and geographic regions develop protocols to transition to new benchmark rates.
UK and US authorities are taking measures to ensure the UK’s withdrawal from the EU, no matter what form it takes, will not create regulatory uncertainty for derivatives market activity between the UK and US.
The growth of non-bank lending in the EU means policymakers are re-evaluating their approach to this market and considering whether the current regulatory framework remains appropriate.
Data quality and access by authorities, IT process and system reliability are among the top priorities for the European Securities and Markets Authority’s 2019 supervision work programme.
Luxembourg has introduced a Bill n measures to be taken in relation to the financial services sector in case of the UK's withdrawal from the EU without a formal agreement.