EU can take months on euro clearing
The European Union will take months for deciding if banks can continue clearing derivatives in London. The EU’s financial services chief said that in a sign of how Brussels is keeping up pressure to shift business to Frankfurt. A European Commission working group looked at how trillions of euros in interest rate swaps could be shifted from London […]
Bank of England sets June milestone for scrapping Libor in derivatives
Britain’s financial regulators said that banks are encouraged to scrap Libor for pricing derivatives contracts from mid-June. Piling pressure on markets to speed up the long-anticipated demise of the tarnished interest rate benchmark. Use of the London Interbank Offered Rate or Libor in pricing new contracts such as home loans and credit cards have been set […]
The Green finance drive
We are seeing an increased pace in the growth of sustainable economy, mainly after the pandemic hit. This resulting in the financial markets to have a considerable increase in focusing on the deal values with respect to sustainability linked loans and bonds. The sustainability tress sprouts anew leaf with the development of the factors such […]