Under part two of the second phase of SOFR First, interdealer brokers are asked to use SOFR instead of LIBOR in the USD leg of all newly-executed cross-currency derivatives.
December 6, 2021BBSW/LIBOR will shift to BBSW/SOFR in cross currency basis swaps trading, though the move presents challenges inherent to an IBOR/RFR pairing.
November 30, 2021By mid-2022, the total notional outstanding of THBFIX derivatives maturing after 2025 should be reduced by 50 percent compared to end-June 2021 figures.
November 18, 2021The BSP is not looking to prescribe specific alternative reference rates for use by Philippine banks, saying these choices should be market-driven.
September 20, 2021RFR adoption jumped in August in Japan and Switzerland. The US and UK are seeing steady progress. ISDA chief Scott O'Malia says there is no room for complacency.
September 19, 2021SOFR First has four phases, starting with the adoption of SOFR instead of LIBOR as the default rate for USD linear swaps from 26 July 2021.
July 18, 2021OTC Clear announced last week that it was launching clearing services for cross-currency interest rates swaps and basis swaps referencing HONIA and SOFR.
May 18, 2021Specialists from Bloomberg, Standard Chartered Bank, ING Bank and Clifford Chance discuss IBOR transition challenges and how to address them.
May 3, 2021Japan's FSA granted HKEX's OTC Clear a licence allowing it to offer clearing services to Japanese financial institutions in January 2020.
December 30, 2020The regular reports will guide the degree of the central bank's supervisory engagement with individual institutions, BSP deputy governor Chuchi Fonacier told Regulation Asia.
November 23, 2020