ARRC chair Tom Wipf and the FCA’s Edwin Schooling Latter said during ISDA’s AGM that they were confident the market is on track to complete its transition to risk-free rates within the appointed timeframe
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
With banks fostering more dialogue and much of the groundwork now laid in the loan market, sources are hopeful that corporate transitioning will truly take off in the coming months
A growing number of leading figures in the transition have openly criticised alternative rates offered in parallel to SOFR, putting them under the spotlight in recent weeks
Speaking at the ARRC’s sixth symposium, the OCC's acting comptroller of the currency Michael Hsu reiterated that there should be no doubt over the year-end USD Libor transition target
Agreed upon earlier this year, the forum for financial regulation talks has not formally started, which sources say is holding up progression on post-Brexit equivalence decisions
