Regulation outlook 2022: Impact of past, present and future decisions set to take hold

LIBOR, LTAF, crypto, SDR and Brexit

The asset and wealth management industry is set to face a busy year of regulation, with the impact of recently passed legislation, including sustainability disclosure requirements and new listings rules, combining with that yet to come, such as long term asset funds.

Past decisions will also bring change, as LIBOR also comes to an end this year, with very slim exception, while the spectre of Brexit is far from banished. On 10 December, the Financial Conduct Authority reminded the industry that it must transition away from LIBOR and that the extensions applied to five US dollar settings and six sterling and yen settings were not permanent and should not be interpreted as such. Synthetic LIBOR confirmation a 'welcome relief' Director of markets and wholesale policy and wholesale supervision at the FCA Edwin Schooling Latter said: "The FCA decisio...