Article reports that multiple alternative replacement rate curves could emerge after Libor is discontinued, resulting in a decentralised market with liquidity problems. Article includes comments from Alex McDonald arguing that the market should develop a range of replacement benchmarks to suit the different needs of market participants. He argues that the success of a benchmark rate depends on whether the market deems it's underlying data to be relevant to the products it will underpin.
Interview with Alex McDonald discussing how mergers and acquisitions are increasingly likely to occur in the FX industry through 2019 as the cost of risk capital continues to rise, with only political or regulatory intervention able to prevent this from occurring. He also notes that a similar trend may also occur with central counterparties and that a consolidated CCP framework may in turn lead to more FX market participants choosing to clear their trades.
Jun-2019 Apr-2019 Mar-2019 Feb-2019 Jan-2019 Dec-2018 Nov-2018 Oct-2018 Sep-2018 Aug-2018 Jul-2018 Jun-2018 May-2018 Apr-2018 Mar-2018 Feb-2018 Jan-2018 Dec-2017 Oct-2017 May-2017 Apr-2017 Mar-2017 Feb-2017 Nov-2016 Oct-2016 Aug-2016 Jun-2016 May-2016 Apr-2016 Feb-2016 Jan-2016 Oct-2014 Sep-2013 Aug-2013 Jul-2013 Nov-2012 Aug-2012 Jul-2012 Jun-2012 May-2012