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, 2021Bank 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, 2021ASIC 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, 2021The 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, 2021The former trader manipulated the price of 10-year swap spreads to reflect lower pricing of bonds and a related swap, at the expense of the issuer.
February 3, 2021Implementation will occur in two phases, the first for contracts where the only counterparties are HKMA-authorised institutions and/or FIs that are part of G-SIBs.
January 4, 2021The CFTC has extended no-action relief for non-US swap dealers from reporting requirements, and finalised rules for exempting non-US clearinghouses from registration requirements.
November 29, 2020Four individuals were charged for "willfully" failing to establish, implement, and maintain an adequate AML programme that included a KYC component.
October 3, 2020Interdealer brokers should base quotes in the sterling swaps market on SONIA rather than LIBOR from 27 October, the FCA and BOE say.
October 1, 2020As part of measures to lure foreign investment back into Sri Lanka, the government also plans to channel banks' funds into the stock market.
September 16, 2020