The industry's move from LIBOR to risk free rates was very much front and center at ICMA's Asset Management and Investors Council conference held in London last week. While the issues to tackle are being identified and prioritized, solutions are yet uncertain.
A new Finadium report explores stablecoins, an exciting new product to enter financial markets. They are a potential bridge between the digital and fiat currency worlds that could end up providing payment systems and financial services with a new roadmap for gross settlement practices.
It's hard to take LIBOR seriously anymore in its current formulation. We analyzed some recent data and find a lack of credibility in overnight LIBOR rates compared to the Secured Overnight Financing Rate (SOFR) as well as LIBOR vs. SONIA.
The Federal Reserve has proposed a new stress capital buffer based on stress test results. This would take the place of the current fixed 2.5% stress capital buffer. There is also a proposal for a new stress leverage buffer. Here's how the pieces fit together.
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