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Most banks are relatively okay now, as by now they have already spent thousands of man-hours to migrate their trades. The transition has been a major talking po
by NoboruWataya 5y ago
Most banks are relatively okay now, as by now they have already spent thousands of man-hours to migrate their trades. The transition has been a major talking point for the last two years.
- NovemberWhiskey 5y agoThe smart money already moved away from LIBOR discounting for pricing and risk models straight after 2008, and has been on Fed Fund OIS discounting for a long time; so SOFR OIS is actually going to be the second move.
- gadders 5y agoI've been living it a bit on the documentation side.