Speech

ICMA's Official Sector Panel with Nathaniel Wuerffel on Benchmark Reform and Transition to Risk-Free Rates

June 25, 2020
Nathaniel Wuerffel, Senior Vice President

Recording

Panel with Nathaniel Wuerffel, Senior Vice President at the Federal Reserve Bank of New York, and the following individuals:

  • Edwin Schooling Latter, Director of Markets and Wholesale Policy, UK Financial Conduct Authority
  • Cornelia Holthausen, Deputy Director General, Directorate General Market Operations, European Central Bank
  • Roman Baumann, Head of Money Market, Swiss National Bank
  • Bertrand de Mazières, Director General, Finance, European Investment Bank.

This panel covered three main issues: first, progress on the transition to risk-free rates so far, despite the market impact of the coronavirus pandemic; second, remaining challenges to complete implementation of the transition in time, including legacy issues; and third, the importance of international coordination, how this works and what it involves.

Transition to Risk-Free Rates: Official Sector Panel (Recording)