The recommendation follows the SOFR First initiative and represents the final piece of the ARRC’s transition puzzle, which it says means market participants now have all the tools they need to transition
With the government having set the scene by placing sustainable finance as a key focus of its post-Brexit financial services agenda, the onus is on businesses to follow suit and step up their engagement
While the memorandum of understanding on financial services was widely welcomed by the industry, sources say the time has come to step things up and begin actual discussions
The Bank of England's risk-free rates working group has required that all active conversion of sterling Libor exposures be complete by late September – a milestone that many market participants say they will struggle to meet
Lewis spells out the synergies between the different parts of ESG targets, and why now is a crucial time to realise that women can make a real difference in designing the world’s post-Covid-19 recovery
In a public address, the FCA’s director of markets and wholesale policy told market participants they aren’t ‘yet over the finish line’, encouraging them to double down on efforts and setting the tone for the months left between now and year-end
