All posts tagged "Libor"
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222FeatureBOJ, FSA Direct Financial Firms to Take Action on LIBOR Transition
FIs are asked to take specific actions to prepare for the cessation of LIBOR, and to submit materials allowing the BOJ and FSA to review preparedness at individual firms.
June 2, 2020 -
188Market InfrastructureARRC Publishes Best Practices for LIBOR to SOFR Switch
The ARRC outlines near-term transition steps that market participants should aim to take across floating rate notes, business loans, consumer loans, securitisations, and derivatives.
June 1, 2020 -
697Contributed ArticleHow Singapore’s New Rate Will Change the S$3.5tr Derivatives Market
With the first interest rate swap transaction referencing the new Singapore Overnight Rate Average, the island state hopes to stay ahead of regional peers.
June 1, 2020 -
399FeatureLCH Launches Central Clearing for Derivatives Referencing SORA
The launch is heralded as a major milestone to deepen liquidity and catalyse the growth of the SORA market. StanChart was party to the first cleared derivatives trade referencing SORA.
May 19, 2020 -
368KoreaBOK Asks FIs to Get Ready for LIBOR Roadmap Release
A subgroup of the Benchmark Rate Reform Task Force is in the process of drafting a LIBOR transition roadmap to ensure that Korean FIs can use alternative rates starting from 2022.
May 18, 2020 -
189UncategorisedISDA Publishes Final Report on Pre-cessation Fallbacks for LIBOR
ISDA expects to publish amendments to the 2006 ISDA Definitions to incorporate the fallbacks for new trades in July, along with a protocol to allow participants to incorporate the revisions into legacy trades.
May 15, 2020 -
590Capital RegulationUK Regulators Defer Majority of Regulatory Initiatives
Incoming Basel requirements and margin rules will be deferred. The transition away from LIBOR will continue as planned. Work is still underway to prepare for Brexit.
May 11, 2020 -
1.1KMarket InfrastructureDBS Prices Singapore’s First SORA-based Floating Rate Notes
DBS has priced the first floating-rate notes referencing SORA, identified last August as Singapore's alternative interest rate benchmark to SOR.
May 7, 2020 -
477Europe
FCA Extends Deadline for Lenders to Stop Issuing New LIBOR Loans
The deadline extension for lenders is a response to Covid-19, as the FCA seeks to avoid disrupting the flow of loans to help companies stay afloat during the pandemic.
April 30, 2020 -
1.1KFeatureHKMA Survey Highlights LIBOR Transition Challenges
About HK$1.4tr in assets, HK$0.5tr in liabilities, and HK$14.7tr in derivatives still referencing LIBOR will mature after end-2021 and don't have fallbacks in place.
April 24, 2020
