Education and awareness raising work is still needed to urge banks to transition away from USD Libor, but application of the country’s domestic benchmark rate is increasing
A post-Brexit race to the bottom in financial services tax together with unstoppable QE will exacerbate long-term socio-political risk
Market participants need to make sure systems are equipped to deal with the alternative rates set to replace USD Libor, including new credit sensitive rates
As regulatory divergence starts to show its face, Alice Tchernookova looks at why rebuilding the EU-UK relationship in the post-Brexit paradigm is a never-ending conundrum
While the memorandum of understanding on financial services was widely welcomed by the industry, sources say the time has come to step things up and begin actual discussions
The much-anticipated consultation is a roadmap for regulatory divergence, but sources have questioned whether the UK’s plan to attract global business by simplifying rules is a genuine opportunity, or a Brexit fantasy
The Bank of England's risk-free rates working group has required that all active conversion of sterling Libor exposures be complete by late September – a milestone that many market participants say they will struggle to meet
Three key dates for the clearing of derivatives in the post-Brexit world are coming up in June next year, which market participants say could be a recipe for disaster
Following more than 40 hours of interviews with 63 sources across financial services, Practice Insight’s landmark investigation into the accumulative impact of the financial crisis is now available
Thank you for printing this article from Practice Insight.
Practice Insight, a new service from IFLR, tracks regulatory-driven uncertainty in banks, asset managers and trading venues in news analysis and anonymous market-wide surveys.
If you have been given this article by a subscriber, you can contact us through www.iflrinsight.com/sign-in, or call our London office on +44 (0)20 7779 8870 to discuss our subscription options.
