Dealers issue rallying cry for cross-currency benchmark reform
Global banks need to drive new standards for multi-rate swaps, say leading industry execs at Risk Live
Senior derivatives executives have called on the banking industry to take the lead in shifting cross-currency derivatives to a new set of risk-free rates (RFRs) intended to replace Libor, warning national regulators might not be best placed to tackle the dangers of fragmentation.
Charles Bristow, head of rates, fixed-income financing and credit portfolio trading at JP Morgan, last week called on global dealers to get more engaged in driving new standards for cross-currency swaps and other
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