Fitch warns on Sofr, flagging coronavirus risk for CME and LCH

Libor_Fotolia_230x150
By Ross Lancaster
24 Apr 2020

The Covid-19 coronavirus is complicating the Libor transition and could even damage the risk profile of CME Group and LCH, Fitch Ratings has warned.

The extreme volatility sparked by Covid-19, and the remote working structure that it has imposed on market participants, has already led trade bodies to push back on other regulatory initiatives. The derivatives industry has won a year-long extension on initial ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial