FCA consults on modifying derivatives list on LIBOR transition

FCA is consulting on modifications to the list of derivatives subject to the derivatives trading obligation in line with Articles 28 and 32 of UK MiFIR in the light of interest rate benchmark reform and BoE’s proposal to modify the derivatives clearing obligation in line with UK EMIR. The proposals focus on the classes of swaps likely to be affected by LIBOR transition.

It asks for comments by 25 August.

Emma Radmore