Speech
Benchmark Reform and Transition to Risk-Free Rates
Abstract: This panel covered three main issues: first, progress on the transition to risk-free rates so far, despite the market impact of the coronavirus pandemic; second, remaining challenges to complete implementation of the transition in time, including legacy issues; and third, the importance of international coordination, how this works and what it involves. Panel with Nathaniel Wuerffel, Senior Vice President at the Federal Reserve Bank of New York, and the following individuals: Edwin Schooling Latter, Director of Markets and Wholesale Policy, UK Financial Conduct Authority, Cornelia Holthausen, Deputy Director General, Directorate General Market Operations, European Central Bank, Roman Baumann, Head of Money Market, Swiss National Bank, Bertrand de Mazières, Director General, Finance, European Investment Bank.
Keywords: risk-free rates; COVID-19; pandemic; transition in time; international coordination;
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https://www.newyorkfed.org/newsevents/speeches/2020/wue200702
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Provider: Federal Reserve Bank of New York
Part of Series: Speech
Publication Date: 2020-06-25