Less than Half of Financial Services Firms Confident in Their Ability to Meet LIBOR Transition Deadline, Accenture Report Finds

Less than Half of Financial Services Firms Confident in Their Ability to Meet LIBOR Transition Deadline, Accenture Report Finds   Transition presents firms with the opportunity to undertake larger business transformation; those with “mature” transition plans see a revenue opportunity   NEW YORK; Sept. 16, 2019 – While most banks, insurers and capital markets firms have plans to transition away...

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The end of Libor: the biggest banking challenge you’ve never heard of

LONDON (Reuters) – On June 30, British bank NatWest RBS.L[1] sent out an arcane-sounding press release – bus operator National Express NEX.L[2] had become the first company to take out a loan based on Sonia, a replacement for scandal-hit interest rate benchmark Libor.   FILE PHOTO: British five pound banknotes are seen in this picture illustration taken November 14, 2017....

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Press release & News

Tracking the evolution of ESG reporting As a highly regulated industry, financial services providers lead the way in Environmental, Social & Corporate… Asia-Pacific As a highly regulated industry, financial services providers lead the way in Environmental, Social & Corporate Governance (ESG) reporting. But this remains a work in progress: growing demand from policymakers and investors alike for consistency in ESG...

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LIBOR transition gets a jumpstart: ISDA announces ISDA IBOR fallbacks provisions and related protocol

As we have previously reported, in July 2017, the UK Financial Conduct Authority announced that it would no longer use its legal powers to persuade or compel contributing banks to make the transaction data submissions necessary to determine the London Interbank Offered Rate (LIBOR) after the end of 2021.1 Since that time, on their own and with pressure from regulators,...

READ MORE LIBOR transition gets a jumpstart: ISDA announces ISDA IBOR fallbacks provisions and related protocol