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.

‘SOFR first’, next ‘big bang’ in the USD Libor transition 

Jun 15, 2021

The CFTC’s recommendation to switch interdealer trading conventions from Libor to SOFR next month is hoped to bring a much-needed impulse for the US transition to risk-free rates

ARRC: state-by-state approach is plan B for SOFR tough legacy

Jun 23, 2021

Following the success of the approach in New York courts, the committee intends to seek federal legislation but will opt for a patchwork approach if necessary

Term SOFR could kill off credit-sensitive rates

Jun 22, 2021

Credit-sensitive alternatives to USD Libor have enjoyed a rise in popularity in recent months, but sources have called their long-term usefulness into question

Non-linear derivatives: last bastion of the sterling Libor transition

Jun 21, 2021

The UK has made great strides in its effort to transition from sterling Libor to risk-free rates, but a few products will require special attention in the months to come

Malaysia mulls alternative reference rates to Klibor

Jun 16, 2021

Malaysian banks are taking a wait-and-see approach on Klibor, but they also have to take on Libor-related challenges around cash products and customer engagement  

Indian market makes strides towards new Mifor curves

Jun 9, 2021

Banks and corporates will be testing new reference curves to build market depth and ensure price discovery, as the country tries to reduce its more than $500 billion of Libor exposure

FSB statements hammer down imminent Libor cessation

Jun 2, 2021

A series of documents and statements published today by the Financial Stability Board, including an updated roadmap, are a timely reminder that the market should intensify transition efforts

IHS Markit begins to publish credit-sensitive rate and SOFR add-on 

Jun 1, 2021

The group will publish each rate across five tenors, joining Bloomberg and ICE Benchmark Administration in the race to provide credit-sensitive alternatives to Libor