Industry sources suggest that the lack of a forward-looking rate could make the market look to alternatives, but the ARRC is confident it will be able to step up
While EU and UK rules have so far remained mostly aligned, sources say this will begin to change very soon and the market should stand ready
The lack of market consensus on a specific risk-free rate means market participants will opt for different alternatives, resulting in a lack of liquidity on TONA
ARRC chair Tom Wipf and the FCA’s Edwin Schooling Latter said during ISDA’s AGM that they were confident the market is on track to complete its transition to risk-free rates within the appointed timeframe
Asset managers are prioritising obtaining ESG data sources over purchasing investment research on small and medium-sized enterprises. They are also divesting from SMEs that cannot provide the necessary ESG data
Challenges remain with get corporates on board and some market participants are still maintaining a wait and see approach
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
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
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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