The FCA defines a Benchmark as an index used to determine the value of or the amount payable under a financial instrument (or contract). Alternatively, it measures the performance of an investment fund.
This data is classified as public information and is calculated periodically. Following the LIBOR and Forex fixing scandals, regulators are focused on the production of benchmarks.
Our Benchmarks Regulation Training Course explains the importance of following proper conduct, the repercussions for violating regulations, and how to avoid these.
Available as part of our FCA Compliance Library.
This course will prepare you to:
- What do you think?
- Coverage of the FCA's requirements
- Specific risk variables
- Key risks
- You make the call: Is it a risk?
- Daily FX trading worth
- How it works
- Basis of benchmark rates
- Market manipulation
- Banging the close
- The regulators intervene
- Total FCA fines for FX rigging
- Exercise: Have you understood FX?
- The price participants
- Market manipulation & regulatory intervention
- Total FCA fines for gold price rigging
- Exercise: Have you understood LBMA Gold Price Index?
- You make the call: Standards of Conduct
- Key areas of improvement
- You make the call: Is this the right approach?
- Requirements under the Regulation
- ICAP Europe & LIBOR
- Barclays & FX
- Daniel James Plunkett & Gold Fixing
Approximately 45 minutes followed by a 10-question assessment.
Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is required.
SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via client style sheet.
All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility). AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.
Fully customisable on Skillcast Portal CMS.
Pre-translated versions not available, but all text content can be exported for translation into all languages.
Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.