Swaps - Regulation Asia

RFR Adoption Reaches New Heights in Key LIBOR Markets

RFR adoption jumped in August in Japan and Switzerland. The US and UK are seeing steady progress. ISDA chief Scott O'Malia says there is no room for complacency.

September 19, 2021

260

Feature

LCH Set to Switch Discounting, PAI Rate from SOR to SORA

LCH is switching its discount curves and PAI rate on SGD-denominated cleared swaps from SOR to SORA on 9 August.

August 8, 2021

369

Feature

Dealers Shift Default Rate for USD Linear Swaps to SOFR

Market observers reported a sharp increase in SOFR swaps transacted, a trend said to be "clear and pronounced".

July 29, 2021

212

Market Infrastructure

CFTC Set to Formally Adopt of ‘SOFR First’ Initiative

SOFR First has four phases, starting with the adoption of SOFR instead of LIBOR as the default rate for USD linear swaps from 26 July 2021.

July 18, 2021

331

Capital Regulation

Hong Kong: ‘Stay Rules’ to Come into Operation on 27 August

Banks have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during a bank resolution.

June 28, 2021

211

International

ISDA Consults on Fallbacks for GBP & USD LIBOR ICE Swap Rates

Current fallbacks are not expected to be able to function effectively upon a permanent cessation of the GBP and USD LIBOR ICE Swap Rates.

June 14, 2021

546

Market Infrastructure

CME Group to be Recommended as SOFR Term Rate Administrator

A recommended SOFR term rate is now in clear sight, said Tom Wipf, ARRC Chairman and Vice Chairman of Institutional Securities at Morgan Stanley.

May 25, 2021

1.0K

Contributed Article

Is 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

223

Feature