ESG, Libor shift to accelerate despite govt split

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By Jennifer Kang
01 Dec 2020

With Joe Biden as president, and a split Congress, the prospect of sweeping progressive change and a comprehensive stimulus package has been dampened. However, the market expects to see substantial progress on the environmental, social and governance (ESG) front and Libor transition, despite the deep divide in government.

Many view the Biden presidency and the Republican Senate as the goldilocks administration, which diminishes the prospect of a comprehensive stimulus bill, but also prevents more extreme progressive measures from being passed. While the market was relieved to see a more balanced leadership, the lack of spending ...

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