Several sources claim that contradictory messages from the US authorities, notably on rate availability and usage, have hampered the market’s efforts to transition away from the benchmark rate
A number of industry sources have shared their fears over the risks that a mandatory shift of euro clearing activity away from London to the EU would imply
HM Treasury's proposed new funds regime will hopefully put the UK on the map for fund domiciliation and should fit into the country's wider financial services strategy
Europe’s fragmented banking system is a major impediment to the completion of its capital markets union, but member states’ aversion to risk sharing remains a key blocker
Forward-looking rates were originally perceived as a miracle solution to avoid using overnight compounded Sonia, but with the end of Libor in sight, use cases seem to have reduced dramatically
