All posts tagged "Swaps"
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87FeatureDealers 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 -
113Market InfrastructureCFTC 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 -
159Capital RegulationHong 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 -
123InternationalISDA 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 -
421Market InfrastructureCME 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 -
817Contributed 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 -
164Feature
ARRC 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 -
583Market InfrastructureUS Banks Execute First BSBY-Linked Swaps Transaction
Bank of America and JPMorgan Chase entered into a $250mn one-year basis swap with one side tied to BSBY, the other to SOFR.
May 7, 2021 -
224Australia & NZASIC Files Suit Against Westpac for Alleged Insider Trading
ASIC says Westpac traded interest rate derivatives to pre-position itself while knowing it would be selected to execute a A$12bn interest rate swap hours later.
May 6, 2021 -
249EuropeFCA, BOE Urge Switch to SONIA in GBP Non-linear Derivatives
The FCA and BOE have asked liquidity providers and interdealer brokers to adopt SONIA in quoting conventions for GBP non-linear derivatives from 11 May.
April 5, 2021
