The UK, EU and US are still adjusting their proposed methodology to tackle tough legacy contracts, but sources say the inherent lack of harmony between regimes could lead to legal conflicts down the line
A recent consultation on safe harbour proposals by HM Treasury has renewed hopes for protection against legal disputes that could arise from legacy contracts
While the issuance of Sonia floating rate notes and securitisations has been growing steadily, the active transition of legacy bonds needs to take off this year
Changes resulting from Brexit will continue to unfold for years to come, but early features of the new financial services landscape have started to emerge, with Amsterdam taking a strong lead
The official announcement confirms the future loss of representativeness of all 35 Libor settings, and fixes the credit adjustment spread for the ISDA fallback methodology
