Investors in equity portfolios managed in the UK will save £1bn over the next 5 years in research charges.
Three-quarters of asset managers invested in Sonia instruments last year.
Volatile markets force a need for higher margin.
Current election cycle is a concerning backdrop, STA writes.
Auctions could concentrate liquidity and minimize warehousing of risk.
Looming regulation will challenge investment firms to raise the bar.
The opinion is the first of its kind and will enable continued exchange of information.
EU counterparties have to wait until closer to exit date to novate contracts.
Regulators want to shift markets away from Libor to new risk-free rates based on actual transactions.