ABOUT THE FMLC
An element of legal uncertainty is inevitable in wholesale financial markets that are international, competitive and innovative. Although the legal framework for these markets is highly developed, following the financial crisis, more robust new ideas or practices than ever can sometimes raise uncertainties as to how the law will apply. In addition, proposals (whether at home or abroad) for new law or regulation can give rise to uncertainties or misunderstandings, when specific features of wholesale markets practice have not been fully or accurately reflected by a legislator or other public authority. It is the role of the FMLC to address these uncertainties and misunderstandings. Please click on the drop down menu above to find out more about the FMLC.