Market participants and regulators aim to bring international alignment to replacement of Libor with risk-free rates, according to the International Organisation of Securities Commissions. "Many loans are multicurrency, and inconsistency in conventions can cause potential complications," IOSCO says.
Sign up for GFMA SmartBrief
Securities, global capital markets and financial services news
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.