UK association spells out Libor challenges for structured note issuers

Following the launch of the Bank of England and Financial Conduct Authority’s (FCA) Sterling Risk-Free Reference Rates’ paper on the transition of structured notes away from GBP Libor, SRP caught with the UK Structured Products Association (UK SPA) chairman, Zak de Mariveles ( pictured ) to get further insight on the challenges faced by market participants seeking to transition notes with a derivative component. What would you highlight from the input provided by the industry? Zak