Alerts Archive

LMA publishes joint response to HM Treasury’s consultation on the future UK benchmarks regime

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. 

Click here to read our response.