The final switch to ARRs for the remaining USD LIBOR-linked contracts will entail "an extra level of complexity", says Scott O'Malia.
March 28, 2023Widespread usage of the tool will be "an important component to help ensure a successful transition,” said Tom Wipf, who chairs the ARRC.
March 16, 2023Mandatory 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, 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, 2022CME will amend its eurodollar futures and options fallback rules to set the conversion date to 14 April 2023.
October 14, 2022USD IBOR Cash Fallbacks will be used to transition loans, bonds and securitised products that reference LIBOR and will mature after 30 June 2023.
September 22, 2022The proposed 13 April 2023 conversion date is intended to help firms complete their operational work as early as possible in the LIBOR-to-SOFR transition process.
September 7, 2022USD SOFR ICE Swap Rate settings are available for the same tenors for use as a benchmark in financial contracts and instruments.
September 1, 2022