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Bank of England to take over key interest rate benchmark

The Bank of England has confirmed it will assume control of a key interest rate benchmark in 2018. From 23 April the Sterling Overnight Index Average (Sonia) will be calculated and published by the Bank of England, rather than the Wholesale Market Brokers’ Association. In April this year the BofE chose Sonia to replace the […]

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FCA launches support hub for new asset managers

The FCA has launched a hub for new asset managers looking to get authorised with the regulator. While the FCA is clear this will “not lower entry standards to the market” and asset managers will still have to meet equally “rigorous standards” before being accepted, the regulator will be providing assistance both before, during, and […]