Technology needed to address Sonia complexities
Treasury

Technology needed to address Sonia complexities

3w | Salmon Software Limited

Technology needed to address Sonia complexities

"If you’re taking a new loan or swap and tying it to Libor for the remainder of this period, to me that would be short sighted." Read More...

View article
Traders keep eye on Libor transition
Trading & brokering

Traders keep eye on Libor transition

11m | By Emma Olsson, Reporter

Traders keep eye on Libor transition

Derivatives traders are on track to adopt new benchmark fallbacks ahead of the London Interbank Offered Rate (Libor) transition, with the pandemic bea...

View article
Capital markets IT transformation: why now?
Banking

Capital markets IT transformation: why now?

1y | By Louis-Thomas Nessi, Head of presales

Capital markets IT transformation: why now?

In recent weeks, capital markets have been thrown into turmoil by the coronavirus outbreak, turmoil that will likely continue to impact capital market...

View article
Report: The Libor system detour
Banking

Report: The Libor system detour

1y | By Rebekah Tunstead, Reporter

Report: The Libor system detour

Banks are creating detours in their core systems to be able to calculate the Secured Overnight Financing Rate (Sofr) rather than trying to replace the...

View article
Four themes to get right in 2020: Libor, SFTR, cyber security and market equivalence
Banking

Four themes to get right in 2020: Libor, SFTR, cyber security and market equivalence

1y | By David Woolcock, Member of the BIS Market Participants Group

Four themes to get right in 2020: Libor, SFTR, cyb...

As is traditional this time of year, our good intentions of new year resolutions fade to what we might expect to be dominant themes in 2020, and it ha...

View article
(L)ibor reform: How will it affect bank treasury functions?
Insurance

(L)ibor reform: How will it affect bank treasury functions?

2y | SimCorp

(L)ibor reform: How will it affect bank treasury f...

Regulators are increasingly interested in industry progress and bank treasury readiness for the (L)ibor reform. In this  article, EY and Sim...

View article
Libor fallback language management causing unrest
Banking

Libor fallback language management causing unrest

2y | By Michael McCaw, Editor

Libor fallback language management causing unrest

The negotiation of bespoke fallback clauses as firms weave their way through the transition from Libor presents a huge task, despite work by regulator...

View article
Report: Asset managers hesitate with Libor transition
Asset management

Report: Asset managers hesitate with Libor transition

2y | By Rebekah Tunstead, Reporter

Report: Asset managers hesitate with Libor transit...

While asset managers may wait for their counterparty banks to navigate them through the transition away from the London Inter-bank Offered Rate (Libor...

View article
Firms yet to grasp legal tech in Libor transition
Insurance

Firms yet to grasp legal tech in Libor transition

2y | By Rebekah Tunstead, Reporter

Firms yet to grasp legal tech in Libor transition

A lack in resources due to pressure from upcoming regulations, and failure by regulators and associations to come to a consensus on how to navigate th...

View article
The demise of Libor: what next?
Banking

The demise of Libor: what next?

2y | Calypso Technology, Inc.

The demise of Libor: what next?

Quoted daily for each of the main currencies across multiple tenors (1m, 3m, 6m, 12m), Libor represents the rate for which one bank would lend money t...

View article
Libor Sonia transition “doesn’t need to be painful”
Banking

Libor Sonia transition “doesn’t need to be painful”

2y | Salmon Software Limited

Libor Sonia transition “doesn’t need to be painful...

Although firms have become wary of risks and significant costs as they begin to prepare for the transition from the London Interbank Offered Rate (Lib...

View article
Libor alternatives (and the concerns they raise)
Asset management

Libor alternatives (and the concerns they raise)

3y | By Edwin Boadu, Reporter

Libor alternatives (and the concerns they raise)

Dubbed “bigger than Brexit” by the Deutsche Bank treasurer, the shift away from the Libor benchmark is unprecedented. Ever since evidence ...

View article
Getting ready for the transition from Libor to alternative reference rates
Banking

Getting ready for the transition from Libor to alternative reference rates

3y | Wipro

Getting ready for the transition from Libor to alt...

Libor, the interest rate that reflects the general cost of unsecured borrowings by large banks, is the world’s most widely used benchmark rate. ...

View article
‘Greedy’ City trader on trial for Libor rigging
Banking

‘Greedy’ City trader on trial for Libor rigging

6y | By Nicole Miskelly, Editor

‘Greedy’ City trader on trial for Libor rigging

Former City trader Tom Hayes, 35, was called “greedy” and accused of acting in a “thoroughly dishonest and manipulative manner&rdquo...

View article