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Significant progress has been made on the Libor transition across currencies, but higher-than-expected reliance on fallback solutions will give rise to operational risk early next year
Agreed upon earlier this year, the post-Brexit forum for financial services talks has not formally started, which sources say is holding up progression on equivalence decisions
Dependency on third-country financial services in a post-Brexit world jeopardises financial stability, sources have said, arguing that the EU needs to strengthen its primary market
“Ultimately, our goal is to keep working with our clients to provide them with the tools they need,” says Gajria, in the context of heavy criticism against credit-sensitive rates
Significant progress has been made ahead of Libor’s phase-out, including on consent solicitations, but a large portion of the bond market will not have transitioned by year-end
Investment managers speaking at the fifth ARRC SOFR symposium expressed their preference for the secured overnight financing rate, arguing that other alternatives lack robustness
Dependency on third-country financial services in a post-Brexit world jeopardises financial stability, sources have said, arguing that the EU needs to strengthen its primary market
Launched in beta version, the rates will aim to support transition efforts in the non-linear derivatives market, but some market participants say they are coming quite late in the day
Although regulatory divergence has begun to emerge, market participants at the FIA international derivatives expo argued that regulators on both sides of the Channel share mutual goals and a common direction of travel
Investment managers speaking at the fifth ARRC SOFR symposium expressed their preference for the secured overnight financing rate, arguing that other alternatives lack robustness
Although regulatory divergence has begun to emerge, market participants at the FIA international derivatives expo argued that regulators on both sides of the Channel share mutual goals and a common direction of travel