News analysis on how banks and asset managers are implementing conduct-focused rules, including investor protection under Mifid II’s product governance frameworks and the integrity of Libor.

Limited TONA issuance is harming Japanese Libor transition

Apr 6, 2021

A lack of liquidity, consensus and indecision is dragging down progress, but with the deadline fast approaching firms must take action sooner rather than later

Green transition potentially damaging for SMEs

May 6, 2021

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

Availability of Tibor makes transition to RFRs difficult in Japan

May 5, 2021

Challenges remain with get corporates on board and some market participants are still maintaining a wait and see approach

Corporates prefer SOFR to credit-sensitive rates

May 4, 2021

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

Green transition passes political tipping point

Apr 28, 2021

A number of high-profile political sources have stressed the tectonic shift in both political leadership and capital markets in the effort to transition to a carbon-free economy

Lack of SORA liquidity hampers Singapore's Libor transition

Apr 20, 2021

More work is needed to speed up the transition, including updating banks’ internal systems and ensuring CCPs are ready

Term Sonia use will be nearly non-existent

Apr 19, 2021

Forward-looking rates were originally perceived as a miracle solution to avoid using overnight compounded Sonia, but with the end of Libor in sight, use cases seem to have reduced dramatically

First thirty-day Ameribor use case emphasises need for multiple rates

Apr 15, 2021

As Libor reaches its sunset, Zions Bank’s decision to use the term rate for commercial loan contracts amplifies the loan market’s need for a more tailored reference rate