Latest News

August 2018 - European Central Bank - First Public consultation by the Working Group on euro risk-free rates

The first public consultation by the WG on euro risk-free rates on the assessment of candidate euro risk-free rates closed on Friday, 13 July 2018. The consultation drew considerable interest from the financial sector. 66 market participants -41 of which are from the banking sector - submitted responses or comments in relation to the consultation document.

Click here to see the full results

12-Jul-2018 - ISDA Fallback consultation

The International Swaps and Derivatives Association, Inc. (ISDA) has launched a market-wide consultation on technical issues related to new benchmark fallbacks for derivatives contracts that reference certain interbank offered rates (IBORs). The consultation sets out options for adjustments that would apply to the fallback rate in the event an IBOR is permanently discontinued.

To view the consultation, click here...

25-June-2018 - ISDA - IBOR Global Benchmark Transition Report

Interbank offered rates (IBORs) play a central role in financial markets, and act as reference rates to hundreds of trillions of dollars in notional amount of derivatives and trillions of dollars in bonds, loans, securitizations and deposits. The dependence on IBORs by all sectors of the financial markets is changing, however.

To read the full post, click here...

27 Jul 2017 - FCA - The future of LIBOR

  • Andrew Bailey examines important questions about the future of LIBOR.
  • While significant improvements have been made to LIBOR since April 2013, the absence of active underlying markets raises a serious question about the sustainability of the LIBOR benchmarks that are based upon these markets.
  • Panel bank support to sustain LIBOR until end-2021 will enable a transition that can be planned and executed smoothly.
  • Work must begin in earnest on planning the transition to alternative reference rates that are based firmly on transactions.

To read the speech in its entirety, click here