All posts tagged "Libor"
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276Asia-PacificICMA, Bloomberg Publish APAC Guide on Tough Legacy Bonds
Up to 80% of tough legacy bonds in APAC have inadequate fallbacks in place, or no fallbacks at all, ICMA and Bloomberg say in a new report.
May 27, 2021 -
143EuropeFCA Consults on Use of New Powers to Facilitate LIBOR Transition
The consultation will help the FCA decide on what legacy use to permit for non-representative benchmarks and how it will prohibit new use of critical benchmarks that are ceasing.
May 22, 2021 -
285FeatureBNM Consults on Multi-rate Approach to LIBOR Transition
A new discussion paper proposes that the Malaysian ARR be based on overnight transactions in the interbank market, and that the ARR runs in parallel to KLIBOR.
May 21, 2021 -
132JapanJapanese FIs Still Have $24tr in LIBOR Exposures – Report
The December 2020 figure is down only slightly from the $27.5tr of contracts referencing LIBOR 18 months earlier at the end of June 2019.
May 20, 2021 -
384FeatureHKEX Clears First SOFR-HONIA Cross Currency Swaps
OTC Clear announced last week that it was launching clearing services for cross-currency interest rates swaps and basis swaps referencing HONIA and SOFR.
May 18, 2021 -
790Contributed ArticleIs Asia Ready for the End of LIBOR?
Li Renn Tsai compares progress in Asia’s main trading hubs, warning of a logjam of transition-related operational work that will pile up towards year-end.
May 18, 2021 -
148EuropeCredit Sensitive Alternatives to RFRs Have Limited Durability: Bailey
Non-financial borrowers may not want their cost of borrowing to be driven by thin liquidity in CP and CD markets, says BOE governor Andrew Bailey.
May 17, 2021 -
114Europe
UK Exchange Derivatives to Switch to SONIA on 17 June
The FCA and BOE are encouraging market participants to prepare for and implement changes to standard trading conventions on 17 June.
May 14, 2021 -
130EuropeWorking Group Publishes Recommendations on EURIBOR Fallbacks
Although EURIBOR is not scheduled to be discontinued, the recommendations will provide legal certainty and help users comply with BMR fallback obligations.
May 13, 2021 -
156FeatureARRC Identifies Indicators for Recommending SOFR-based Term Rate
The ARRC has published guidance on the indicators it will use to measure the progress needed to recommend a SOFR-based term rate.
May 10, 2021
