The study assessed the feasibility of Japanese versions of the FXI and AXI indices, concluding that they can coexist with TONA and TORF.
September 12, 2023IOSCO's statement comes after the final five settings of USD LIBOR were published for the last time on Friday, marking the end of a more than 50 year old benchmark.
July 4, 2023Dollar-peso cross currency swaps involve a Philippines peso fixed rate and a SOFR-based US dollar floating swap.
June 29, 2023In aggregate, LCH SwapClear has successfully converted approximately 600,000 USD LIBOR contracts with notional value of $45tr.
May 23, 2023A "pile-up" towards end-June 2023 that could introduce operational risks and wider market disruption, the FSB said.
April 28, 2023Market participants can use Term SOFR in basis swap transactions even if they are not a direct party to a Term SOFR cash exposure.
April 26, 2023The statement emphasises the importance of active transition and reminds participants that synthetic LIBOR can only be used as a temporary bridging tool.
April 13, 2023ISDA and AFMA responded to an ASIC proposal to remove OIS contracts referencing USD LIBOR from derivatives clearing requirements and replace them with those referencing SOFR.
April 5, 20231-, 3- and 6-month synthetic USD LIBOR rates will continue to be published for 15 months after the USD LIBOR bank panel ceases on 30 June.
April 4, 2023The final switch to ARRs for the remaining USD LIBOR-linked contracts will entail "an extra level of complexity", says Scott O'Malia.
March 28, 2023