Mandatory clearing will be required for certain OTC transactions referencing ARRs rather than for those referencing IBORs that are being discontinued.
March 13, 2023The guide recommends five steps for market participants with LIBOR exposures, to help them respond to and prepare for the transition.
December 28, 2021The CBSL should play a more active role in facilitating the transition in Sri Lanka, says Lalinda Sugathadasa, Head of Research at ICRA Lanka.
April 12, 2021The guidelines say alternative volatility estimates may be used value new ARR options in cases where there is not enough implied interest rate volatility data.
March 31, 2021International banks say prematurely restricting the issuance of LIBOR-linked contracts may result in fragmented markets.
March 26, 2021Market participants identified a lack of standardisation, harmonisation and consensus between different jurisdictions and asset classes as a key area of concern.
January 8, 2021The HKMA expects authorised institutions to adhere to the Protocol before it takes effect and to encourage counterparties to do the same.
October 18, 2020But challenges remain, including limited liquidity in ARR markets, uncertainties on term rates and credit spread adjustments, and operational issues.
September 29, 2020The guide provides an overview of issues for FIs to consider in their LIBOR transition programmes and an implementation checklist.
July 14, 2020Fall-back provisions should be in place by January 2021, and authorised institutions should cease to issue new LIBOR-linked products maturing after 2021 by 30 June 2021.
July 13, 2020