On April 13, 2019, U.S., UK and European Banking Union regulators will meet to better understand one another's resolution regimes for global systemically important banks and to bolster coordination on cross-border matters.
UK Financial Conduct Authority Chief Executive Andrew Bailey called for accelerated efforts to transition away from LIBOR. The Financial Stability Board also published a statement on the development and adoption of overnight risk-free rates.
The CFTC simultaneously filed and settled charges against two banking institutions for "executing fictitious and noncompetitive block trades in Russian Ruble/U.S. Dollar futures contracts, which were cleared through the Chicago Mercantile Exchange."
The UK Chancellor of the Exchequer announced today that Mark Carney, current governor of the Bank of Canada and Chairman of the Financial Stability Board, will succeed Sir Mervyn King as governor of the Bank of England on July 1, 2013.
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