Corporates prefer SOFR to credit-sensitive rates
In the midst of the controversy around credit adjustment spreads, the Fed’s David Bowman says borrowers have not displayed much interest for them so far
Challenges remain with get corporates on board and some market participants are still maintaining a wait and see approach
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
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
More work is needed to speed up the transition, including updating banks’ internal systems and ensuring CCPs are ready
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
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