Treasurers might need to prepare for a multiple rate environment and check if their treasury management systems are ready, even as some banks are holding out hope that the deadline will be extended
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
Financial firms can’t seem to come to an agreement on the unofficial “pre-cessation” trigger that will signal the beginning of the end for Libor. Meanwhile, SOFR faces some controversy.
Amid warnings to embrace new reference rates, corporates in Hong Kong are happy to maintain the status quo until their banking partners step up to the plate and act.