All posts tagged "Libor"
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357InternationalCourt Rules Foreign Banks Must Face LIBOR Lawsuits in US
The Supreme Court has allowed lawsuits accusing foreign banks of manipulating LIBOR to be heard in New York even though the banks did not operate in the US.
June 27, 2022 -
372Market InfrastructureLCH Extends Central Clearing for SORA Derivatives to 31 Years
The extension will encourage further development of the SORA derivatives market and deepen liquidity in longer tenors of SORA OIS.
June 21, 2022 -
445FeatureJapan FSA Calls on Market to Complete LIBOR Transition Efforts
Only a small number of JPY LIBOR contracts remain that still need to complete the transition, but USD LIBOR rates are "still widely used" by Japanese FIs and corporates.
June 9, 2022 -
448Market InfrastructureARRC Endorses 12 Month Term SOFR for Legacy LIBOR Loans
ARRC approved the CME 12-month Term SOFR rate for legacy LIBOR consumer products and trade and receivables finance.
May 24, 2022 -
628Asia-PacificLIBOR Transition Challenges Remain in APAC Loans Market
In a survey of APLMA member institutions, more than half of respondents said they would not complete remediation of their legacy book until H1 2023.
April 21, 2022 -
335InternationalFSB Applauds ‘Smooth Transition’ Away from LIBOR
The FSB highlights a need to continue building liquidity in RFR-based products, use SOFR across global markets, and plan for the remaining USD LIBOR settings to cease.
April 6, 2022 -
386Asia-PacificIndonesia Designates IndONIA as Overnight Rupiah Benchmark
Regulators are calling on market participants to increase the use of IndONIA as an interest rate benchmark in rupiah financial products and instruments.
April 4, 2022 -
513MalaysiaBNM Launches Shariah-compliant Benchmark Rate, MYOR-i
The establishment of MYOR-i as the Islamic benchmark rate will be a catalyst in driving Islamic financial product innovation, BNM says.
March 28, 2022 -
334InternationalIBA Launches ICE Term SOFR Reference Rates
The launch of ICE Term SOFR provides certainty when borrowers and lenders calculate their interest expenses and other contractual payments in advance.
March 18, 2022 -
515Market InfrastructureUPDATED – US LIBOR Legislation Advances in Omnibus Bill
The bill is based on legislation that passed the House in December, and is similar to a law enacted by New York state and others in the past year.
March 11, 2022
