The language, documentation, and content management issues involved in the financial services industry’s transition away from the London Inter-bank Offered Rate (LIBOR) has not gotten much attention. But it is problem for many firms under the gun to end their usage of LIBOR by the end of this year. So says a research report “Preparing Content for… Read More >>
Innovation Will Thrive in 2021: Greenwich Associates
As we are seeing this week via domestic and international events, it is very difficult to make any predictions for 2021 let alone name the trends for the market structure facilitating securities trading and operations. However, market research firm Greenwich Associates in a new report, “Top Market Structure Trends for 2021,” authored by industry analysts… Read More >>
Commerzbank Fills CEO Post via Deutsche Bank Hire
Manfred Knof to Replace Martin Zielke at Commerzbank Frankfurt-based Commerzbank has named its next CEO as Manfred Knof who comes from Deutsche Bank where he’s been head of a competing private banking business for Germany. Knof, 55, will oversee the bank’s managing directors, starting January 1 of next year. He will succeed Martin Zielke, the… Read More >>
ARRC Webinars Focus on LIBOR Replacement
ARRC Webinars Explain SOFR & More The Alternative Reference Rates Committee (ARRC) has launched a “Summer Series” of webinars that will focus on the replacement for the London Inter-bank Offered Rate (LIBOR), and that will run for the rest of this month and throughout August. Global financial markets have begun a transition away from the… Read More >>
CFTC’s Whistleblower Awards Total More than $45 Million
Whistleblower Program Experiences High-Volume Response The CFTC has handed out more than $45 million in multiple whistleblower awards, reflecting the higher volumes and greater complexity of incoming whistleblower submissions, officials say. In fact, the regulator last month acknowledged “an award of approximately $30 million to one whistleblower and the first award was made by the… Read More >>
