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flag UK proposes SABR to cut regulated benchmarks by 80-90%, targeting only high-risk ones for financial stability.

flag The UK is proposing to overhaul its benchmark regulations by replacing the current broad oversight with a more targeted system called SABR, which would only regulate high-risk benchmarks critical to financial stability. flag This shift aims to reduce compliance burdens on industries like commodities, forex, bonds, and derivatives by potentially cutting the number of regulated benchmark administrators by 80% to 90%. flag The government is seeking public feedback on the plan by March 11, 2026, with the FCA supporting the move as a way to modernize regulation post-Brexit, improve efficiency, and foster innovation while maintaining market integrity.

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