Panellists at an FIA event discussed the legitimacy of the euro clearing shift requested by the European Commission, drawing parallels with sovereignty issues raised during the Brexit campaign
A series of documents and statements published by the Financial Stability Board, including an updated roadmap, are a timely reminder that the market should intensify transition efforts
The group will publish each rate across five tenors, joining Bloomberg and ICE Benchmark Administration in the race to provide credit-sensitive alternatives to USD Libor
Panellists at the IFLR European Capital Markets Forum 2021 spoke of challenges remaining between now and year-end, and of differences in transition progress across Libor currencies
The euro RFR working group’s advice on fallbacks for the euro interbank offered rate provide some welcome clarity, but has failed to resolve some key issues faced by market participants
Several sources claim that contradictory messages from the US authorities, notably on rate availability and usage, have hampered the market’s efforts to transition away from the benchmark rate
A number of industry sources have shared their fears over the risks that a mandatory shift of euro clearing activity away from London to the EU would imply
HM Treasury's proposed new funds regime will hopefully put the UK on the map for fund domiciliation and should fit into the country's wider financial services strategy
Europe’s fragmented banking system is a major impediment to the completion of its capital markets union, but member states’ aversion to risk sharing remains a key blocker
Forward-looking rates were originally perceived as a miracle solution to avoid using overnight compounded Sonia, but with the end of Libor in sight, use cases seem to have reduced dramatically
