Buyside sources explain how well-intentioned but ultimately inconsistent rules are creating an uneven playing field and prompting clients to “switch off”. It may also present opportunities for arbitrage
While other areas of the market have handled their Libor to Sonia transition comparatively faster, loans remain problematic. Loan issuers and law firms tell Practice Insight that no one sees it as their responsibility
This accessible guide charts the major regulatory changes and initiatives that have come into force since the 2007/8 financial crisis. It is a must-read for anybody looking for a clear overview of this new world, with information on benchmark reform, Basel III, Mifid II, Emir and more
In this landmark survey Practice Insight speaks to in-house counsel, desk heads, traders and more about how the secured overnight financing rate is shaping up in the immense task of replacing USD Libor. Download your copy of the full report now
The European Commission's draft regulatory technical standards (RTS) for homogeneity requirements has eased concerns; however, firms continue to look to covered bonds as an alternative to securitisations
Less sophisticated corporates want term risk-free-rates (RFRs) as soon as possible; but market makers remain unconvinced
The third and final part of Practice Insight's survey on the secured overnight financing rate (SOFR) looks at whether Libor will expire at the end of 2021 as promised, whether SOFR will become the preferred successor and whether a low-volume curve in the swaps industry should cause concern
The new reporting regimes have finally started to provide usable data, according to regulatory and trade repository sources
This landmark report takes a deep dive into SOFR – the chosen successor for the US dollar markets
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