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IBA And FCA Announce Cessation Of LIBOR Settings - Finance and Banking
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The Roadmap for ending LIBOR
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The UK Financial Conduct Authority is considering whether it will be necessary to publish some synthetic LIBOR benchmarks after the termination dates set out by ICE Benchmark Administration to assist legacy contract holders
On enactment of the Financial Services Bill by the UK Parliament, amongst other things, the UK Financial Conduct Authority (the FCA) will have the power to require continued publication of LIBOR benchmark settings on a synthetic basis. The FCA has emphasized that the intention of publishing LIBOR settings on a synthetic basis is to assist legacy contract holders. The use of synthetic LIBOR by UK-r
There s a real prize for the UK to lead when it comes to distributed digital ID
Financial Services Bill: Time to Act
Part Four of Five
Thursday, I have pleasure in penning day four’s thoughts on the Financial Services Bill, currently making its way through the House of Lords. Today, I want to set out my hopes for a distributed digital ID for the UK. I know, child’s play right?
I put forward my amendment to this end yesterday evening. The amendment requires the Secretary of State, within six months of the passage of the bill to publish the government’s plans for the development and deployment of a distributed digital identification (“Digital ID”) for individuals and corporate entities in the financial services sector.