Vox Financial Partners are experts in regulatory change
Banks are staring down the pipeline at several enormous regulatory changes through 2021 including the LIBOR transition. The Australian Securities and Investments Commission (ASIC) recently urged CEOs of financial institutions to understand the full impact of LIBOR on their contracts and business processes and take immediate action to address the upcoming transition. ASIC Commissioner Cathie
While the onslaught of regulatory reform projects faced by capital market participants since the 2008 financial crisis shows no sign of easing up, we reminded clients in January of something that might be forgotten amidst the Brexit hysteria: ‘The End of Libor is Nigh.’ MiFID II represented the biggest financial reform for global markets in
We came across this article in The Trade, highlighting a study conducted by risk management consultancy JCRA and law firm Travers Smith, which highlighted that only 2% of asset management firms with exposure to LIBOR have renegotiated their contracts ahead of the benchmark’s withdrawal in 2021. In our view, this study highlights that firms
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