This rule provides critically needed regulatory certainty to the global swaps markets.
The European Central Bank is considering publishing compounded term rates based on the euro short-term rate.
The UK was the second-biggest destination for fintech investment after the US last year.
The failure of one CCP has the potential to cause serious systemic risk across the EU.
By introducing a time limit, the EU is keeping some leverage over the UK.
All jurisdictions should implement the anti-money laundering and counter-terrorism financing standards.
Negotiations are ongoing on equivalence decisions.
The market should still transition to Libor alternatives before the end of 2021.
New hubs will open across Europe and in North America in cooperation with central banks.
