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

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 ...

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