Early results from an LCH consultation on a conversion process for outstanding trades at Libor’s cessation date show that a majority of respondents are in favour of the proposed plan
The European Commission's encouragement to move positions away from UK CCPs is creating an unprecedented chance for EU clearinghouses to increase their market share
The ISDA fallbacks protocol has been lauded as a major step in the effort to transition away from ibors, but its efficiency remains limited in the cash markets
Bloomberg, IHS Markit and IBA have all made announcements relating to the development of a credit sensitive element for SOFR in recent weeks, opening up the debate on how many solutions can co-exist
Expected by the end of Q1, IBA’s cessation announcement will be momentous in many ways and will help to fix the much-awaited Sonia-Libor credit adjustment spread
While it will take years before the Brexit fallout can be assessed in full, some immediate impacts and short-term industry trends can already be observed
The ECB’s euro risk-free rates working group is reportedly considering whether to encourage euro swaps market liquidity providers to adopt €STR-based quoting conventions
The data and index provider has confirmed it will begin publishing its spread adjustment in the second quarter of this year, confirming market speculation
Four and a half years into the regime’s implementation, industry players remain uncertain it is living up to its task of holding senior managers accountable for their actions
