All posts tagged "benchmarks"
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394EuropeIndustry Bodies Call on EU to Reform Benchmarks Regulation
The majority of third-country benchmarks pose no systemic risk but could nevertheless be barred from use in the EU due to a costly and burdensome third-country benchmark regime.
June 30, 2020 -
156EuropeUK to Grant FCA Additional Powers to Facilitate LIBOR Retirement
Legislative amendments will empower the FCA to prohibit or limit the use of LIBOR, or to direct a change in its methodology, to address the issue of 'tough legacy' contracts.
June 24, 2020 -
381Market InfrastructureARRC Publishes Best Practices for LIBOR to SOFR Switch
The ARRC outlines near-term transition steps that market participants should aim to take across floating rate notes, business loans, consumer loans, securitisations, and derivatives.
June 1, 2020 -
241UncategorisedISDA Publishes Final Report on Pre-cessation Fallbacks for LIBOR
ISDA expects to publish amendments to the 2006 ISDA Definitions to incorporate the fallbacks for new trades in July, along with a protocol to allow participants to incorporate the revisions into legacy trades.
May 15, 2020 -
484EuropeEU Benchmark Equivalence Regime Not Scalable: ISDA, FIA
While the Associations welcome the legal approach taken, they highlight that the draft equivalence decision excludes the widely referenced Nikkei and JPX benchmarks.
May 7, 2020 -
1.2KMarket InfrastructureDBS Prices Singapore’s First SORA-based Floating Rate Notes
DBS has priced the first floating-rate notes referencing SORA, identified last August as Singapore's alternative interest rate benchmark to SOR.
May 7, 2020 -
542JapanBOJ, FSA Publish Findings on LIBOR Transition Progress
About 50% of the 6.3 quadrillion yen in notional derivatives referencing LIBOR will mature after 2021, but "very few" contracts incorporate fallback provisions.
March 16, 2020 -
514InternationalICMA Publishes High-Level Guidance on IBOR Transition
The 'Quick Guide' provides a high-level overview of 11 key areas relating to the transition from IBORs (including LIBOR) to risk free rates in the international bond market.
March 2, 2020 -
347Japan
Japan’s Quick Corp Selected to Calculate, Publish Prototype Terms Rates
Part of the Nikkei Group, Quick Corp will start preparing to calculate and publish prototype term rates based on JPY overnight index swaps.
February 28, 2020 -
328Asia-PacificCentral Bank to Discontinue Sri Lanka Inter-Bank Offered Rate
This decision reflects the lack of SLIBOR's usage of in benchmarking loan products in the domestic financial market, along with a global trend of phasing out IBORs.
February 27, 2020
