Mandatory clearing will be required for certain OTC transactions referencing ARRs rather than for those referencing IBORs that are being discontinued.
March 13, 2023ASIC proposes to replace products referencing USD LIBOR with OIS contracts referencing SOFR, and to remove AUD forward rate agreements.
February 16, 2023The publication of Compounded IndONIA and IndONIA Index is aimed at encouraging greater use of IndONIA in financial products.
February 7, 2023TFX will launch 3-month TONA futures and related options contracts. The 6-month Euroyen LIBOR futures and O/N Call Rate futures contracts will be delisted.
February 1, 2023Regulators continue to express concerns that the use of Term SOFR and credit sensitive rates could draw away liquidity from the overnight SOFR derivatives markets.
December 20, 2022The Modified MIFOR curve will replace the FBIL MIFOR curve for new contracts, using Adjusted SOFR instead of USD LIBOR.
December 6, 2022The FCA proposes that the 1-, 3- and 6-month USD LIBOR settings will be published under a synthetic methodology until end September 2024.
November 24, 2022Publication of USD LIBOR ICE Swap Rate "runs" for all tenors will cease immediately after the rates are published on 30 June 2023.
November 17, 2022US prosecutors had filed a motion to dismiss the case after two other traders were acquitted in January. Hayes is still trying to get his UK conviction overturned.
November 2, 2022Osaka Exchange will launch three-month TONA futures on 29 May 2023, the same day as its launch of Nikkei 225 micro futures and Nikkei 225 mini options contracts.
October 24, 2022