QOTD -- LIBOR
Policymakers continue to increase pressure on the financial sector to accelerate their transition away from LIBOR and towards benchmark rates based on market transactions. As our PolicyScope Report readers and PolicyScope Platform users know, official sector activity has continued to intensify throughout the pandemic period, with an uptick in activity in the last few weeks.
Today's speech by the Governor of the Bank of England to a Bloomberg webinar increases the pressure considerably. The Governor raises issues and details not addressed in last week's Financial Stability Board report to the G20:
For more information on the broad range of issues raised by this shift in benchmark pricing protocols, please join us and our Stratagem Partners Ecosystem colleagues (Basinghall Analytics, SoluxR) on July 29 at 10 am EST/1500GMT REGISTER FOR THE WEBINAR TODAY THROUGH THIS LINK. To learn more about the issue, download our complimentary White Paper today.
These developments were found this morning using the proprietary and patented PolicyScope Platform. To learn more about how your company can also benefit from these kinds of automated insights and next-generation policy monitoring tools regarding trade, Brexit, COVID-19, FinTech, CBDC, cryptocurrency, and banking regulation issues, please visit www.policyscope.io/about