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.
“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 on the Libor transition across currencies, but higher-than-expected reliance on fallback solutions will give rise to operational risk early next year
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
Launched in beta version, the rates will aim to support transition efforts in the non-linear derivatives market, but some market participants say they are coming quite late in the day
Investment managers speaking at the fifth ARRC SOFR symposium expressed their preference for the secured overnight financing rate, arguing that other alternatives lack robustness
The regulator has clarified the timing and scope of its tough legacy fix for Japanese yen and sterling Libor, saying it will cover all legacy contracts except cleared derivatives for at least a year
Two months into the SOFR First initiative, the numbers are out, and although a pick-up in activity has been observed, many still wonder whether that will be enough to tip the balance decisively before no-new-Libor at year-end
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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