BoE encourages market participants to move from LIBOR to risk-free rates

The Bank of England (BoE) provides liquidity to market participants and lends to firms against a wide set of eligible collateral. To encourage market participants to move away from LIBOR, the BoE has announced new policies for the treatment of LIBOR-linked collateral in the BoE’s Sterling Monetary Framework lending operations.

Related briefings

Wirecard – has the German financial regulator lost its immunity?

The German regulator BaFin is being sued for abuse of authority following one of the biggest fraud scandals of the decade with German payment processor, Wirecard AG, filing for insolvency owing €3.5bn and its chief executive arrested on suspicion of accounting fraud and market manipulation. This article explores the situation and considers the need for change.

Making an impact – The value of a data protection impact assessment

COVID-19 has prompted many businesses to re-assess the way that they work. Working from home for an extended period, adjustments to office space to enable social distancing and the introduction of measures to minimise health risks to employees are challenges faced by the majority of businesses. One aspect of addressing these challenges which may be forgotten is the impact on data protection. Raj Shah looks at the value of a Data Protection Impact Assessment.

Latest Briefings

Dishonesty: A change of approach

On 29th April 2020, following the decision in the case of R v Barton and Booth [2020] EWCA Crim 575, the Court of Appeal identified that the two-limb test for dishonesty as identified in the case Ghosh, is no longer the approach to be taken.

Cybersecurity requirements for licensees

Entities regulated under the Insurance Law will need to implement cybersecurity measures in proportion to their cyber risk profile by 27 November 2020 following the release of the Rule and Statement of Guidance on Cybersecurity for Regulated Entities by the Cayman Islands Monetary Authority on 27 May 2020.

A fast-track for beautiful developments?

The Government has published its long-awaited white paper on planning reform, which seeks views on 24 proposals. In this legal insight we look at the key areas that have been targeted for reform.

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Brooks Brothers

Weil Gotshal advises Brooks Brothers on Chapter 11 proceedings

A team from Weil Gotshal & Manges is advising US clothing retailer Brooks Brothers as it files for Chapter 11 bankruptcy protection. The US firm has taken legal duties as the company officially started the proceedings in the United States Bankruptcy Court for the District of Delaware yesterday morning. Alongside the firm is Delaware-based Richards Layton […]

collaboration

HFW strengthens Augusta ties with KPMG-backed Covid-19 project

HFW has entered into a non-exclusive project with auditor KPMG and litigation funder Augusta Ventures. The collaboration is seeking to assist companies facing problems caused by the coronavirus pandemic and subsequent lockdown. The trio will provide a global ‘one-stop-shop’ that can support companies needing assistance by facilitating funding for supporting litigation and arbitration from Augusta, […]

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WFW to cut roles in London

Watson Farley & Williams (WFW) is set to make a number of its legal PAs redundant, following the switch to remote working during the Covid-19 pandemic. The firm confirmed today that it has started a redundancy consultation with legal PAs in London, though it did not state how many. In April, the firm furloughed 49 […]

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