On June 11, 2015, the Bank of England announced an Open Forum, that will take place in autumn this year, to assess the financial regulatory reforms affecting the FICC markets that are already implemented or in train. Alongside the announcement, the Bank published a paper detailing its analysis of the short fallings of the FICC market, issues with its own frameworks and operating procedures, measures to rectify those failings and the difficulties that remain. Further details of the Open Forum will be published in due course. In the meantime, stakeholders are invited to register their interest in attending the event through the Bank of England’s website.
The announcement is available at: http://www.bankofengland.co.uk/markets/Pages/openforum.aspx and the related document is available at: http://www.bankofengland.co.uk/markets/Documents/openforum.pdf