The introduction of the long-term asset fund (LTAF) last month has been hailed as a strong move but will need more support measures to support it, especially from a tax perspective
With two of the seven USD Libor maturities discontinued at the end of 2021, and the other five – overnight, one, three, six and 12 months – to follow in June 2023, we surveyed the market to gauge readiness
After several years of battling against the mandatory buy-in requirements, market participants are relieved by the European Commission’s decision but anticipate more permanent announcements
The introduction of the long-term asset fund (LTAF) last month has been hailed as a strong move but will need more support measures to support it, especially from a tax perspective
Lack of preparedness for the investment firms prudential regime could cause compliance issues in January, but sources say this is partly due to a lack of clarity on rules
Lack of preparedness for the investment firms prudential regime could cause compliance issues next year, but sources say this is partly due to a persistent lack of clarity on rules
Two key events in the derivatives market have helped to build SOFR liquidity in recent weeks, but sources worry that the target of no new Libor contracts after year-end will be difficult to achieve
Speakers at a Bloomberg event defended the use of multiple rates to replace USD Libor, arguing that it has helped the market in numerous ways and is the sign of a healthy ecosystem
Two major announcements by the Bank of England and the EU Commission last week ended put an end to months of deadlock, put sources say this is only a temporary remedy
The UK watchdog also clarified use cases for synthetic Libor rates, putting a definitive end to any form of speculation as to the rate’s continuation beyond year-end
Two major announcements by the Bank of England and the EU Commission last week put an end to months of deadlock, but sources say this is only a temporary remedy
The UK watchdog has released a discussion paper on SDR for asset managers and on a new labelling system for sustainable investment products, which sources say decomplexify the EU’s SFDR rules
