All posts tagged "IBORs"
-
522InternationalFSB Report Highlights Risks of Continued LIBOR Reliance
In its latest progress report on benchmark reform implementation, the FSB calls for "significant and sustained efforts" to transition away from LIBOR by end-2021.
December 19, 2019 -
515InternationalISDA Seeks Regulatory Clarity on LIBOR Pre-cessation Trigger
ISDA is prepared to re-consult on adding a mandatory pre-cessation fallback clause in LIBOR contracts once it gets clarity from regulators on the implications of a “non-representative” LIBOR.
December 10, 2019 -
454InternationalFSB Urges ISDA to Embed LIBOR Pre-Cessation Trigger in Definitions
The FSB says a pre-cessation trigger should be added alongside a cessation trigger as standard language in definitions for both new and outstanding derivatives contracts.
November 21, 2019 -
1.2KAsia-PacificHong Kong Leads Asia on LIBOR Transition Readiness: KPMG
Survey findings and discussions with banks in the region indicate a lack of readiness for the LIBOR transition. But, failure to keep up will eventually prove disruptive, KPMG says.
November 21, 2019 -
685International
ISDA Publishes Consultation Results on Benchmark Fallback Parameters
The majority preferred a historical median spread adjustment with a five year lookback period, and a two-banking-day backward shift adjustment for the compounded setting in arrears rate.
November 18, 2019 -
2.6KAsia-PacificTransitioning Away from IBORs: The View from Asia
Asian banks have a large and complex operational task ahead of them as they prepare for a post-LIBOR world after 2021, say KPMG’s Marie Gervacio and Luke Gower.
October 30, 2019 -
1.2KFeature
ISDA Consults on Final Parameters for Benchmark Fallback Adjustments
Based on the results, the 2006 ISDA Definitions will be adjusted to incorporate fallbacks for new IBOR trades, and a protocol for including fallbacks in legacy IBOR contracts will be published.
September 19, 2019 -
1.5KInternational
ISDA Consultation on LIBOR Pre-Cessation Reveals Mixed Results
ISDA received responses from 89 entities expressing a “wide variety of views” on whether and how to implement a pre-cessation trigger, with no clear majority for any approach.
August 12, 2019 -
708Feature
ISDA Unveils Preliminary Results of 2nd IBOR Fallbacks Consultation
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, 2019 -
767International
ISDA Chief Urges Accounting Bodies to Prioritise Benchmark Reform
ISDA chief Scott O’Malia says market participants need clarity from the IASB and FASB on the accounting implications of a switch from IBORs to RFRs.
June 12, 2019
