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Tagged: 'Islamic finance'

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Fintech in 2019 – Five trends to watch

31 January 2019


Technology continues to have an enormous impact on financial services and the pace of change shows no signs of abating. Following the bold predictions we made last year, we highlight the five stand-out trends for fintech in 2019.

The New UAE Banking Law and its impact on Islamic financing in the UAE

22 November 2018


On 23 September 2018, the President of the United Arab Emirates promulgated Federal Law No. 14 of 2018 on the Central Bank and Organisation of Financial Institutions and Activities (the New UAE Banking Law). The New UAE Banking Law came into force on 30 September...

OIS and RFR Futures Conventions: Lessons for LIBOR replacement term rates

26 October 2018


The development of term benchmarks based on risk-free rates (RFRs) is an important aspect of the work to facilitate a successful transition from LIBOR, particularly for corporate lending and other cash products. This briefing considers how conventions used in Overnight...

LIBOR - A brief history

19 October 2018


In July 2017, the Chief Executive of the Financial Conduct Authority (FCA), Andrew Bailey, signalled the beginning of the end for LIBOR as an interest rate benchmark. He said that, in spite of the various reforms introduced from 2012, the underlying market for...

Transitioning from LIBORs and IBORs - an international overview

17 October 2018


Before financial markets can be encouraged to move from using LIBOR (the London Interbank Offered Rate) or other interbank offered rates (IBORs) as reference rates in new financial contracts, there must be suitable alternatives in place. This briefing provides...

LIBOR - Cross Product Review

10 October 2018


Following an announcement by Andrew Bailey, Chief Executive of the UK’s Financial Conduct Authority (FCA) on 27 July 2017, it became evident that market participants would need to prepare for the very real possibility that LIBOR would cease to exist –...

Contractual continuity in OTC derivatives – Challenges with transfers

30 July 2018


The issue of contractual continuity in the over-the-counter derivatives market following the exit of the UK from the EU is a subject of considerable concern to firms and their clients and counterparties. The International Swaps and Derivatives Association (ISDA)...

Brexit - what does the transition agreement mean?

23 March 2018


On Friday 23 March 2018, the EU announced that agreement in principle had been reached on a transition (or 'implementation') period running from the UK's withdrawal from the EU on 29 March 2019 to the end of 2020, during which the UK would retain access...