Where does Libor live in a bank? Why are banks in Asia not looking at Libor transition seriously? Which bank is racing ahead? It’s been an interesting couple of weeks for Libor transition watchers.
Two days of volatility in SOFR, the main contender to replace Libor, has cast doubt on its suitability as a new benchmark rate for corporate financial activity
Victory for the Brexit Party at the European elections is set to have uncertain ramifications for pound sterling. Meanwhile, treasurers in the UK are bracing for a slowdown after a stockpiling binge.
A month on from the news that US dollar Libor could have yet another replacement, CT speaks to experts - including those from ISDA - to find out what it could mean for treasury departments in the region.
“Forget Buenos Aires,” said Alicia Garcia-Herrero, Natixis’ chief economist for the Asia Pacific region. She said Japan will gain in the short term due to tariffs but the broader picture, however, is quite complicated.
Once the domain of risk-takers and corporate buccaneers, these days the humble corporate treasurer is expected to be across commodity hedging. CT looks at what to look out for.