Libor demise and Brexit reshape derivatives market, says BIS – Reuters
LONDON, Oct 27 (Reuters) – Brexit and the demise of Libor are reshaping the world’s over-the-counter (OTC) interest rate derivatives market, where daily turnover totalled $5.2 trillion in April, down from $6.4 trillion in April 2019, the Bank for International Settlements (BIS) said on Thursday. “The most significant factor contributing to the decline in turnover […]
