Significant progress has been made on the Libor transition across currencies, but higher-than-expected reliance on fallback solutions will give rise to operational risk early next year
The new regime aims to separate prudential requirements for banks and investment firms, but market participants denounce excessive complexity and a ‘copy-and-pasting’ of CRR/CRD rules
Agreed upon earlier this year, the post-Brexit forum for financial services talks has not formally started, which sources say is holding up progression on equivalence decisions
The EU and the UK diverge on their market structure reforms, but market participants are hopeful that policymakers on both sides of the Channel will make evidence-based decisions
With just over three months to go until no-new-Libor kicks in, IFLR/Practice Insight is running a survey to gauge market feeling on transition progress and overall readiness. Have your say!
“Ultimately, our goal is to keep working with our clients to provide them with the tools they need,” says Gajria, in the context of heavy criticism against credit-sensitive rates
Significant progress has been made ahead of Libor’s phase-out, including on consent solicitations, but a large portion of the bond market will not have transitioned by year-end
Printing money may have mitigated the Covid-19 crisis in the short-term, but it has also contributed to a looming inflation risk that will be difficult to manage in the context of consistently low interest rates
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.
