More trading venues face enhanced supervision under FCA plan

FCA mulls legal powers for USD Libor holdouts

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A new consultation paper from the Financial Conduct Authority sets the scene for regulators to bring more trading venues under close scrutiny, according to lawyers, which could be perceived as diverging from the UK government’s post-Brexit aim of making the jurisdiction easier to navigate for financial market participants.

“The big question coming out of the consultation is whether the proposed changes are strictly clarificatory or whether the FCA is actually seeking to move the dial on which

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