For USD LIBOR, HIBOR and CDOR fallbacks, respondents prefer ‘compounded setting in arrears’ for the adjusted RFR and the ‘historical mean/median approach’ for spread adjustments.
July 31, 2019HKMA Deputy Chief Howard Lee says global banks are the "best equipped" and should be taking the lead in the transition to alternative reference rates.
June 3, 2019ISDA chief Scott O'Malia says one year from now, robust fallbacks should be in place for derivatives contracts referencing LIBOR and other IBORs.
May 30, 2019The Treasury Markets Association is proposing technical refinements to HONIA to enhance its robustness and representativeness as an alternative reference rate to HIBOR.
April 1, 2019The HKMA says the transition to alternative reference rates will have significant implications for authorised institutions' businesses, risk management and operational processes.
March 6, 2019The outcome of the HKMA and TMA consultation will be a turning point for financial services firms preparing for life after LIBOR, says international law firm Herbert Smith Freehills.
February 22, 2019The FSB notes progress to strengthen major IBORs and identify RFRs and other alternative reference rates, highlighting actions taken in Australia, Hong Kong and Singapore.
November 15, 2018Hong Kong Monetary Authority has censured UBS for attempting to rig Hong Kong’s interbank lending rates.
March 17, 2014