ICE Benchmark Administration has announced the launch of ICE risk-free-rates indices in US dollar for SOFR, euro for €STR and Japanese yen for TONA
While the EU Commission says the future CT will form the centrepiece of its Mifid II/Mifir review, the sellside continues to worry about premature reforms to the bonds deferrals regime
Introduced on September 21 as the second phase of SOFR First, the initiative recommends that interdealer brokers replace Libor-based cross-currency swaps with risk-free-rate ones
While some market participants believe the UK wholesale markets review and the EU Mifid II/Mifir review will have a limited impact on trading, others express concerns about split liquidity pools in the near future
A statement from the organisation reiterating the importance of continued transition to robust alternative benchmarks has sparked vivid reactions across the USD Libor market
With the critical benchmarks bill finally introduced in parliament, market participants will look forward to synthetic Libor being put into law in the coming months
Across the board, market participants report positive engagement on the transition, with a few outstanding caveats in particular products
Post-Brexit tweaks to primary markets will further the UK’s 'deregulate to innovate' agenda, with goals to make the country a more competitive marketplace
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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