Our industry faces an increasingly complex global regulatory landscape. How do we stay ahead? By thoughtfully managing regulation and developing risk-resilient technology, so our clients can feel secure no matter what comes their way.
This year is mission-critical for the migration away from LIBOR as regulators push to discontinue it by 2022. But with less than 18 months left, COVID-19 challenges, and liquidity being slow to develop in alternative reference rates, the market is limping toward that target.
Operationally, the financial services industry has generally coped well with the impact of COVID-19. It dealt with market volatility and volumes with remarkably few problems while at the same time transitioning quickly to remote working.