Libor end date confirmed as 31 December
FCA has confirmed all Libor settings will cease immediately on 31 December for major currencies as firms are urged to complete transition plans.
Tag: Libor
Refinitiv to launch Term SONIA benchmark supporting resettlement of LIBOR
Following a positive reception from potential users Refinitiv is set to go live with Term SONIA benchmark supporting LIBOR migration.
ICE Benchmark Administration to consult on ceasing publication of Libor
The ICE benchmark administrator will consult on intentions to stop publication of all GBP, EUR, CHF, and JPY Libor settings after December next year.
CFTC releases no-action letters offering further relief for clearing organisations during Libor transition
The two no-action letters will offer swap transaction and pricing data reporting relief to clearing organisations transitioning to SOFR.
TraditionDATA integrates AMERIBOR with reference rate data sets
Data arm of Tradition will publish spreads between AMERIBOR, SOFR and EFFR via Refinitiv, Bloomberg and its own data feeds.
CFTC provides additional Libor transition relief to swaps participants
The latest no-action letters issues by the CFTC follow the regulator’s move to provide market participants relief in December.
JP Morgan and LBBW clear first SOFR swaps at Eurex
Eurex has cleared the first USD SOFR swaps with JP Morgan and LBBW in latest development for the benchmark transition process.
Buy-side advance efforts in Libor transition
New data from the Investment Association reveals that 70% of asset managers reduced exposure to Libor in 2019.
ICE launches beta version of SONIA reference rates
ICE Benchmark Administration has started publishing beta term SONIA rates for testing, using data from BGC, TP ICAP, and Tradition’s Trad-X central limit order books.
Bank of England and FCA warn Libor transition timeline could be impacted
Market participants have been told that despite disruption, the transition away from Libor is still targeted for the end of 2021.