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Switzerland Market Report Headlines

CLO market weighs in on Libor fallback plan for securitizations

NEW YORK, Feb 20 (LPC) - Participants in the US$585bn US Collateralized Loan Obligation (CLO) market say a transition to a new benchmark should happen sooner than later as the phase-out of a rate used to set payments on trillions of investments is just two years away.

UBS to appeal against French court ruling

Swiss bank UBS will appeal against a French court's ruling that found it guilty of laundering the proceeds of tax evasion, said UBS' general counsel. (Reporting by Inti Landauro and Emmanuel Jarry; Editing by Sudip Kar-Gupta)

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