The final switch to ARRs for the remaining USD LIBOR-linked contracts will entail "an extra level of complexity", says Scott O'Malia.
March 28, 2023JBATA has finalised the fallback provisions for cash products referencing JPY TIBOR or Euroyen TIBOR. The changes will take effect on 1 April.
March 22, 2023ICE Benchmark Administration has been appointed as the calculation agent for EFTERM, which will launch on 14 November 2022.
October 12, 2022USD IBOR Cash Fallbacks will be used to transition loans, bonds and securitised products that reference LIBOR and will mature after 30 June 2023.
September 22, 2022The proposed 13 April 2023 conversion date is intended to help firms complete their operational work as early as possible in the LIBOR-to-SOFR transition process.
September 7, 2022Australia may see a shift away from BBSW to AONIA for products like cross-currency swaps and multi-currency lending facilities, says CBA's Pieter Bierkens.
August 2, 2022The rules would implement a law enacted earlier this year that provides a uniform solution for replacing LIBOR references in contracts without adequate fallback provisions.
July 25, 2022The MAS Recommended Rate is the fallback rate that will apply to outstanding SOR-based business loans and derivatives when Fallback Rate (SOR) is discontinued after end-2024.
July 20, 2022The LIBOR Legacy Playbook will help market participants transition legacy LIBOR cash products. Refinitiv will publish fallback rates based on the CME Term SOFR rates in September.
July 12, 2022The FCA is seeking views until 24 August on winding down synthetic sterling LIBOR and US dollar LIBOR.
July 5, 2022