Industry bodies reveal benchmark transition roadmap

The International Swaps and Derivatives Association, Inc. (Isda), the Association of Financial Markets in Europe (Afme), International Capital Market Association (Icma) and the Securities Industry and Financial Markets Association (Sifma) and its asset management group (Sifma AMG) have today launched a roadmap that highlights key challenges involved in transitioning financial market contracts and practices from interbank offered rates, or 'Ibors', to alternative risk-free rates (RFRs). The new