All posts tagged "Fallbacks"
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108FeatureAPLMA, TMA Issue Guidance on SOFR Adoption in Loan Markets
The HKMA said it supports the publication of the new information note, which sets out options to replace USD LIBOR with SOFR in loan contracts.
September 15, 2021 -
118FeatureIOSCO Says Credit Sensitive Rates Pose Financial Stability Risk
IOSCO says SOFR should be used in place of USD LIBOR and that it will be closely monitoring how the “IOSCO badge” is used in compliance assessments of credit sensitive rates.
September 9, 2021 -
147InternationalRefinitiv Launches Prototype USD Fallback Rates for Cash Products
There are two versions of the Refinitiv USD IBOR Cash Fallbacks: one for consumer cash products, the other for institutional cash products.
August 13, 2021 -
131ChinaISDA, NAFMII Publish Standard Text to Enable IBOR Fallbacks in China
New definitions will come into effect on 29 October 2021 to enable firms to include contractual IBOR fallbacks into onshore derivatives transactions.
July 31, 2021 -
133InternationalISDA to Implement Fallbacks for GBP & USD LIBOR ICE Swap Rates
A consultation on whether ISDA should implement fallbacks for GBP and USD LIBOR ICE Swap Rates received support from a "significant majority" of respondents.
July 26, 2021 -
182International
ISDA Launches Microsite to Facilitate Understanding of IBOR Fallbacks
The microsite provides information about adoption rates for the ISDA 2020 IBOR Fallbacks Protocol and graphs comparing LIBOR and fallback rates.
July 22, 2021 -
147International
ISDA Publishes First Digital Definitional Book for Interest Rate Derivatives
The digital format will create efficiencies in how firms use and interact with the definitions, reducing complexity and the potential for error, ISDA says.
July 16, 2021 -
168IndiaRBI Urges Banks to Stop Using LIBOR, MIFOR
FIs are asked to instead use 'any widely accepted ARR'. Currently, there is no consensus on a new ARR for India. SOFR is widely expected to be accepted.
July 11, 2021 -
159FeatureFSB Calls on Supervisors to Align LIBOR Messaging
Engagement with FIs regarding LIBOR transition planning has not yet started or had only just started in six FSB jurisdictions.
July 7, 2021 -
80EuropeEU Regulators Urge Participants to Stop Using LIBOR
Market participants are asked not to wait for the European Commission to exercise its powers to designate a replacement for LIBOR.
July 6, 2021
