FX & derivatives:

The UK FCA's impact assessment of regulating benchmarks

In the paper below, a group of academics including the UK FCA examine the design and effectiveness of the 4pm Fix, the most important benchmark in FX markets, using a unique dataset of trader identified orderbook data from an inter- dealer venue. They propose and examine new measures of benchmark quality and examine changes to market liquidity and trader behaviour.

 

Fixing the Fix? Assessing the Effectiveness of the 4pm Fix Benchmark https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3270844

 

In the paper below, the UK FCA evaluates the Benchmarks (Amendment) Instrument 2015, which brought seven benchmarks into their regulatory and supervisory regime.

 

An evaluation of bringing additional benchmarks into the regulatory and supervisory regime https://www.fca.org.uk/publications/corporate-documents/evaluation-bringing-additional-benchmarks-regulatory-and-supervisory-regime

K&K Global Consulting Ltd

Nicholson House, Office 7

41 Thames Street

Weybridge

Surrey

KT13 8JG, UK