Financial Risk

Storing corporate cash in cryptocurrency is either a smart strategy or a choice that threatens the very existence of the corporation.

Bank defendants argue that sudden elimination of the benchmark would be 'a catastrophe.'

Lack of volume in derivatives tied to other benchmarks is driving many asset managers, traders, and corporate treasurers to continue using LIBOR-based derivatives.

The U.S., U.K., and New Zealand no longer look likely to follow the Eurozone and Japan into negative-rate territory.

In business since 1851, the insurer also takes a $5 million minority equity stake in NYDIG, a provider of cryptocurrency custody services.

In 2020, digital currencies strongly outperformed other assets.

The delay in LIBOR retirement just puts off the inevitable; lawmakers need to clarify what benchmarks will replace LIBOR in financial contracts whenever it finally ceases to be used.

ICE plans to extend the transition away from dollar LIBOR till mid-2023, but regulators are still encouraging banks to move ASAP.