On 11 March 2026, the LMA submitted a joint response (along with ISDA, GFXD, UK Finance) to HM Treasury’s consultation on the future UK benchmarks regime.

We broadly support the proposed Specified Authorised Benchmarks Regime (SABR), recognising its aim of creating a more proportionate, internationally competitive framework focused on benchmarks whose failure could pose systemic risk. Our response emphasises that while the move toward a narrower, effects‑based regime is positive, aspects of the proposals risk creating ambiguity and unintended cliff‑edge consequences. 

On 19 February 2026, the LMA published its official response to the European Commission’s recent proposals for the amendment of the Sustainable Finance Disclosure Regulation (SFDR 2.0). 

On 4 February 2026, we hosted an in‑person roundtable with Anne Wrobel (the FCA’s Head of Wholesale Market Analysis & Policy), ahead of the FCA’s forthcoming consultation paper on securitisation. 

Anne shared timely insights on the regulatory direction of travel, opportunities for reform, and how the FCA is thinking about transparency, reporting, and private credit.