Press releases

Press releases, latest news and views from EVIA

Article reports that third country provisions could have a detrimental effect on the UK and EU financial sector if current proposals are implemented. Alex McDonald, CEO, WMBA, states that if the rules were implemented as they are it would ring-fence Europe and hence a gateway to MiFID should be built.

Read more

Article reports on the recent agreement made by the CFTC on the definition of a swap as it works to complete outstanding reforms of the OTC derivatives market under Dodd Frank. Commenting on the rules, Alex McDonald, CEO, WMBA, states that one of the main concerns around the implementation of Dodd Frank is the issue of compliance.

Read more

Article reports that the Libor fixing scandal could trigger development of new pricing benchmarks and force borrowers to believe that it is no longer a relevant capital markets benchmark. The article mentions the alternative pricing benchmark, Sonia, launched in the mid 1990s by the Wholesale Markets Brokers’ Association (WMBA) and endorsed by the British Bankers Association as well as the GCF Repo Index, published by DTCC.

Read more

Article also discusses the credibility of Libor and alternatives available such as Ronia, launched by WMBA in the mid 1990s.

Read more