Capital Markets Digital Transformation - Stepping Up the Pace
Digital transformation in Banking and Capital Markets has been a ‘thing’ now for quite some years. This article outlines a practical approach for the sector to accelerate that transformation.
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acarda & LPA support CyberMentor – Germany’s largest online STEM platform for girls.
Together with acarda, LPA has made a donation to CyberMentor, an online mentoring platform specifically for girls interested in STEM subjects. The leading providers of innovative SaaS solutions and financial consultancy services are now official sponsors of the online mentoring program that aims to inspire girls to study science, technology, engineering or mathematics.
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ICE Benchmark Administration launches GBP SONIA ICE Swap Rate as a benchmark for use by licensees
GBP SONIA ICE Swap Rate benchmark settings are determined using the published ICE Swap Rate® ‘Waterfall’ methodology using eligible input data in respect of SONIA interest rate swaps, and are available for the same tenors and at the same time as the current GBP LIBOR® ICE Swap Rate.
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The emergence of a new model of collaboration between banks and technology providers
The emergence of a new model of collaboration between banks and technology providers
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Automatisierung und Effizienzsteigerung bei Back-Office-Prozessen: LPA-Cloud-Lösung unterstützt Commerzbank im Post-Trade-Bereich
Automatisierung und Effizienzsteigerung bei Back-Office-Prozessen: LPA-Cloud-Lösung unterstützt Commerzbank im Post-Trade-Bereich
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Newsletter - November 2020
The Working Group on Sterling Risk-Free Reference Rates releases the November Newsletter covering Working Group updates and market developments.
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Federal Reserve Board welcomes and supports IBA’s statements enabling a clear end-date for USD LIBOR
However, US authorities still encourage banks to cease entering into new contracts that use USD LIBOR as a reference rate as soon as practicable and in any event by December 31, 2021.
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ICE Benchmark Administration to Consult on Its Intention to Cease the Publication of 1W and 2M USD LIBOR Tenors at End-December 2021, and the Remaining USD LIBOR Settings at End-June 2023
As part of the same consultation, it will consult intention to cease publication of all GBP, EUR, CHF and JPY LIBOR after the LIBOR publication on December 31, 2021. IBA expects to close the consultation for feedback by the end of January 2021.
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Meeting Minutes of the Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks (November 5, 2020 Meeting)
Agenda: Discussion of international developments, task force updates and outcome of the second public consultation.
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Public consultation by the EUR-Working Group on €STR-based EURIBOR fallback rates for cash products (feedback period ending 15 January 2021)
The EUR-WG provides recommendations regarding the most appropriate EURIBOR fallback rate based on (a) a €STR-based term structure methodology for each cash product, and (b) a spread adjustment methodology used.
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Public consultation by the EUR-Working Group on EURIBOR fallback trigger events
Feedback period ending 15 January 2021. EUR-WG meets on 18 February 2021 and final recommendations on the EURIBOR fallback measures are expected shortly thereafter.
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ISDA Statement on IBA and UK FCA Announcements on LIBOR Consultations
“Neither of these statements constitute an index cessation event under ISDA IBOR Fallbacks Supplement or (…) Protocol”. (…) Therefore, these statements will not trigger the fallbacks under the supplement or protocol (…) or have any effect on the calculation of the spread”
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FCA consults on new benchmarks powers
Two expected consultations setting out FCA’s potential approach to the use of proposed new powers under the Financial Services Bill to ensure an orderly wind down of LIBOR.
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IBA Consults On Its Intention to Cease the Publication of GBP, EUR, CHF and JPY LIBOR (all tenors) after December 31, 2021
The anounced consultation by ICE Benchmark Administrator (IBA) happens in the near future and yet excludes USD LIBOR from this activity.
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Announcement Following Public Consultation: CDOR 6-M and 12-M Tenor Cessation
On 4th September 2020, RBSL issued a consultation in respect of possible changes to CDOR under consideration. Implemented CDOR changes (based on feedback): Calculation and publication of the 6-month and 12-month CDOR tenors will cease from Monday 17th May 2021 onwards. The last day of publication for the 6-month and 12-month CDOR tenors will be Friday 14th May 2021. The 1-month, 2-month and 3-month tenors will not be affected by this action.
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Lucht Probst Associates (LPA) migrates to take advantage of Azure innovation and security
Lucht-Probst-Associates-LPA-migrates-to-take-advantage-of-Azure-innovation-and-security
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FinSA - Investor Protection Beyond regulatory requirements of suitability and appropriateness
Increasing product comparability and transparency requirements for end
clients have been one of the key topics under recently revised investor
protection regulations.
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Newsletter - October 2020
The Sterling Working Group on Risk-Free Reference Rates publishes its monthly newsletter (working group updates, market developments, key liquidity indicators).
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Documentation for Swiss Master Agreement for OTC Derivatives
The Swiss Banking Association (SBA) publishes two documents to incorporate the ISDA IBOR Fallback Protocol for open legacy as well as new transactions. The documents.are free of charge and publicly available and SBA recommends all market participants to use these new documents going forward.
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