Five emerging trends in corporate treasury management signal big shifts businesses must consider to safeguard financial stability while driving growth in 2024 and beyond.
IBOR Transition Newsletter lexology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lexology.com Daily Mail and Mail on Sunday newspapers.
<p><span>The market-wide transition away from LIBOR has been a colossal undertaking that, while not yet fully complete, has been noted for the meticulous planning and collaboration between the public and private sectors. As the market prepares for the last representative LIBOR settings to cease publication next year, we are taking the same constructive approach to the review of the EU Benchmarks Regulation (BMR).</span></p>
<p><span>ISDA, the Asia Securities Industry and Financial Markets Association (ASIFMA), the European Association of Corporate Treasurers (EACT), EMTA, Inc., the Futures Industry Association (FIA) and the Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association (GFMA) have published an updated set of recommendations in response to the European Commission’s (EC) latest consultation on reform of the EU Benchmarks Regulation (BMR).</span></p>