Money laundering is an unfortunate reality for banks with the potential to not only put them in hot water with regulators but destroy their reputations as sound, above-board financial institutions. Data and technology are essential to unmask those villainous customers who use their financial firms’ systems for illicit gain. What are the key areas that bank managers must consider when developing strategies to combat this insidious threat to their businesses?
Norton Rose Fulbright LLP
Transitioning from the London Interbank Offered Rate to the risk-free rate alternatives such as SONIA and SOFR was at one time a recommendation but is becoming a requirement, as the FCA’s LIBOR support will cease at the end of 2021. Transitions spell challenge, and this is true of the bond market as it faces LIBOR’s demise. What are some potential solutions that bond issuers should consider, especially for legacy bonds?