The UK watchdog recently launched a second consultation on its future powers to amend tough legacy contracts, choosing Libor’s administrator as the term Sonia provider for the future synthetic rate
While some market participants argue that the debate around alternative reference rates is delaying transition progress, others say it is essential to ensure the post-Libor world will serve the many and not the few
As regulatory divergence starts to show its face, Alice Tchernookova looks at why rebuilding the EU-UK relationship in the post-Brexit paradigm is a never-ending conundrum
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
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
The CFTC’s recommendation to switch interdealer trading conventions from Libor to SOFR later this month is hoped to bring a much-needed impulse for the transition to risk-free rates
