FCA’s Libor plans a ‘reality check’ for loans, bonds, RMBS
US rate reform may spread beyond swaps after surprise Libor announcement
The decision by the UK markets regulator to end its official support of Libor after 2021 has widened the scope of products the US market will focus on replacing, says the chair of the US Alternative Reference Rate Committee (Arrc), Sandie O’Connor.
Speaking with Risk.net, O’Connor – who is also head of the office of regulatory affairs at JP Morgan – says moving derivatives on to a new reference rate has been the main goal of the Arrc, but the announcement by the chief executive of the UK’s
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