Regulators urge buy-side action on Libor shift
ARRC set to release ‘checklist’ for buy-side firms, while FCA assesses exposures
Regulators are turning up the heat on buy-side firms to begin preparing for the transition from Libor to new risk-free rates (RFRs).
The US Alternative Reference Rates Committee, the Federal Reserve-sponsored group tasked with managing the move away from Libor, will release a checklist on January 31 aimed at helping asset managers, pension funds and insurance companies prepare for the transition.
Some members of the ARRC are concerned about what they see as the lack of urgency on the part of
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