- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
In a report published this week, the Bank of England warned that Brexit poses “significant risks” to U.K. financial services companies, while also declaring publicly for the first time that LIBOR poses a financial stability risk.
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FASB is proposing guidance intended to ease the potential accounting burden companies expect to face as they navigate reference rate reform.
Regulators are starting to freak out a little over what will happen in U.S. financial markets in 2021 when a major benchmark interest rate is expected to vanish.
The slow death of a critical benchmark interest rate will produce a series of compliance headaches for companies stretching over the next few years.
