ISDA
Sources say the FCA’s decision to extend the benchmark’s use in certain tenors reflects the failure to transition all contracts before the June deadline
Despite many bumps in the road, US market participants are largely well-prepared ahead of the benchmark’s discontinuation on June 30
Despite its strong push to mandate central clearing for US Treasury trades, the SEC is unlikely to move forward without the authorities’ green light
SEC proposals to centrally clear US Treasury securities transactions would create concentration risk
Increased scrutiny drives institutional players to look for enhanced due diligence and reevaluate counterparties and risk
Within days from one another, the FCA and the Fed made announcements related to the future of USD Libor, sowing further confusion among market participants
The immense infrastructure investment required for the internal models approach has made the standardised approach more attractive despite higher capital charges
A continuous stream of delays and lack of proposals from the UK and the US are frustrating efforts to implement the new market risk framework
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