Press releases

Press releases, latest news and views from EVIA

Article reports that several European bankers are awaiting to see the developments in the coming months of the UK’s transition to Sonia prior to executing moves in their own jurisdiction and outlines the diverse challenges and uncertainties UK market participants are facing in the process to achieve the transition. Article includes comments from Alex McDonald underlining why the UK model (for the Libor-to-Sonia transition) is not transferrable elsewhere.

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Article reports on the extension of the Senior Managers and Certification Regime (SMCR) for benchmark administrators which aims to improve company culture and enhance individual accountability within firms. Article includes comments from David Clark, chairman of WMBA Limited, stating that “the decision to extend the regime is highly appropriate” and “consistent with the importance attached to benchmarks by regulators and the entire marketplace.”

Ahead of the regime’s further extension next year, the FCA has launched a consultation setting out the way it will apply to benchmark administrators; Alex McDonald, CEO at WMBA Limited, considers this will create an opportunity to align the SMR regime to the BMR and MAR.

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Article reports on the initiative from some of the EU’s key economies to reboot the Capital Markets Union (CMU) project, however industry experts remain sceptical of it succeeding. Article includes comments from David Clark, EVIA.

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