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By Carl BALSLEV CLAUSEN, Product Manager IBOR, and Gernot SCHMIDT, Product Manager for Regulation, SimCorp
Upcoming fundamental changes to reference rates will affect all areas of the financial industry. Particularly buy-side firms have a broad exposure to reference rates and will be facing many operational complexities and challenges when implementing the changes. Despite regulators not enforcing implementation of the changes until the end of 2021, it’s critical that firms start working on the operational challenges now to make it in time for the deadline.
When will changes to the reference rates become effective?
With over three hundred...
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