Market feedback on HMT’s call for input on the regime is still being reviewed, but sources maintain that tax changes will be central to any meaningful reform
With the second consultation on the UK’s new Investment Firms Prudential Regime now closed, market participants have just over six months left to prepare for the new rules
The cessation of Eonia has ushered in a new era for the euro market, where participants now look to solidify risk-free rate use and further build liquidity
With Libor now gone in most tenors, market participants’ attention turns to synthetic rate use and to the US dollar transition, although some follow-up work remains in other currencies
With Libor now permanently discontinued in 24 of its 35 settings, transition heads and advisers in different parts of the market reflect on a tumultuous four years of transition planning
The latest CMU package unveiled by the European Commission late last year is a step in the right direction but falls short of market needs, sources say
Half of the respondents to our survey disapprove of the US authorities’ handling of the transition, with an overwhelming majority saying ongoing debates around credit-sensitive rates hampered transition efforts
In the third part of our survey, we look at the ongoing popularity of credit-sensitive rates as a replacement for USD Libor, with Ameribor and BSBY distinguishably outranking the rest
As the market keeps its eyes peeled while the tough legacy bill goes through the Senate, part two of our survey shows that a majority of respondents see this as a key component to a successful transition
