The Investment Association guides buy-side through Libor transition
Industry body has produced a roadmap aimed at guiding asset managers through the transition from Libor to Sonia.
Tag: Libor
Two percent of firms have renegotiated Libor-based contracts ahead of 2021 deadline
Concerns have been raised as survey finds 83% of firms are yet to begin renegotiating Libor-based contracts, as the benchmark’s withdrawal takes effect in 2021.
Former Deutsche Bank traders convicted for Libor rigging scheme
Matthew Connelly and Gavin Campbell Black have been convicted by the US Department of Justice for Libor manipulation.
Goldman Sachs supports IHS Markit’s service for Libor replacement
Goldman Sachs is among seven major derivatives dealers to use MarkitSERV services to process SOFR transactions.
Credit Suisse, Goldman Sachs and JP Morgan clear first SOFR swaps with LCH
Major investment banks clear the first US interest rate swaps using US Libor alternative benchmark SOFR.
Citi agrees to $100 million USD Libor manipulation settlement
Citibank allegedly made millions in “unjust gains” from governmental and not-for-profit counterparties by manipulating the USD Libor benchmark.
Société Générale in $475 million Libor settlement
Société Générale was found to have manipulated and made false reports in connection with Libor and Euribor over a six year period.
Citi clears first buy-side SONIA trade on CurveGlobal
CurveGlobal launched three-month Sterling Overnight Index Average (SONIA) futures earlier this year.
Ex-derivatives trader at Deutsche Bank fined £180k for Libor scheme
Former Deutsche Bank trader Guillaume Adolph fined £180,000 and banned from industry by the FCA.
Large legacy of contracts stutters Libor transition
Libor is in the process of being phased out and will be replaced by SONIA in April this year.