Read all our coverage from the Isda AGM here
The US Federal Reserve is considering the margin impact that firms could face as they abandon the use of Libor.
The scandal-hit benchmark will be allowed to die after 2021, creating pressure for market participants to convert Libor trades to new risk-free rates (RFRs) beforehand. Making that change, however, could subject old trades to new clearing and margining rules such as the US Dodd-Frank Act.
Regulators are aware of the problem, which could p