This paper, although a departure from the Committee’s usual approach, is intended to survey the uncertainties in the context of LIBOR transition and the steps being taken by authorities around the world so as to draw attention to any residual issues.
The European Commission has published a proposal to amend the BMR (the “Legislative Proposal”) so as to ensure that regulators have the tools to guide the transition avoiding contract frustration and financial instability. The FMLC would like to draw attention to certain issues of uncertainty.
On 11 October 2019, the European Commission published a public consultation document on the review of the BMR (the “Consultation”). The FMLC has submitted a response
This paper considers legal uncertainties arising from the changes proposed by the Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (the “BMR SI”).
A meeting of the Infrastructure Scoping Forum was held on 6 December 2018. The meeting was chaired by Alex Rutter of Tradeweb. Forum members discussed updated Q&As published by the […]
A meeting of the Asset Management Scoping Forum was held on 29 November 2018. The meeting was chaired and hosted by Ezra Zahabi of Akin Gump Strauss Hauer & Feld […]
FMLC CEO Joanna Perkins gave a speech at Infoline’s Risk Free Rate conference on navigating the transition to a Risk Free Rate. She provided an overview of the Financial Stability […]
On 8 December 2017, members of the Quarterly Discussion Forum met for the third and last teleconference of 2017. The meeting was chaired by the FMLC. On the agenda were […]
Dr Perkins published an article entitled Benchmark transition under the new E.U. Regulation in the November edition of the Butterworths Journal of International Banking and Financial Law. The article provided […]
At a seminar in Paris, organised by RIMES on 13 June 2017, on preparing for the incoming E.U. Benchmarks Regulation, FMLC CEO Joanna Perkins presented uncertainties related to benchmark evolution […]