18 Dec 2020|Moody's Investors Service
With Libor’s end date now in sight, the challenge for global structured finance markets is coming into sharp focus. Particularly for ‘tough legacy’ transactions.
07 Oct 2020|Moody's Investors Service
As policy rates continue to decline globally, Banking team member Laurie Mayers examines the effect on UK banks, while Shunsaku Sato does so for Japanese banks and Farooq Khan for Brazilian banks. Plus, Olivier Panis of the Banking team and Stefan Kahandaliyanage of the Asset Management team update financial institutions’ readiness for the transition away from Libor in 2021.
02 Oct 2020|Moody's Investors Service
Greg O’Reilly, Soumya Vasudevan and Naomi Fujiwara from the Structured Finance team discuss what the transition will look like for some of our key markets. They also compare the availability of fallback language to set alternative rates to Libor, risks and mitigants for deals and future regulatory developments.
22 Sep 2020|Moody's Investors Service
A survey of 85 banks, insurers and asset managers globally shows they have high volumes of contracts linked to Interbank Offered Rates (IBOR) despite their planned termination at the end of 2021. Most respondents say their transition plans are on track, but robust stakeholder communication will be crucial to mitigate operational, conduct and reputational risks.
30 Jun 2020|Moody's Investors Service
Despite preparations for the ultimate demise of Libor, its persistence as an index prolongs risks to debt issuers and investors, particularly with regard to structured finance transactions.
Financial Institutions – United Kingdom: Bank of England publishes new daily Sonia compounded index, helping market participants transition from Libor
04 Aug 2020|Moody's Investors Service
Given the importance of Libor as a reference in financial contracts globally, and the risks associated with the transition to new risk-free benchmarks globally, authorities' steps to accelerate and facilitate the adoption of new benchmarks such as Sonia are credit positive.
16 Jan 2020|Moody's Investors Service
Masako Oshima and Greg O'Reilly from the structured finance team discuss the behaviour of a new set of global reference rates, which are set to replace outgoing equivalent term rates. >> Read the Report