Although sections of the market seek an extension to the date for phasing out Libor, treasury officials, bankers and lawyers say they are working under the assumption there won’t be any delays.
Mitigating systemic risks when LIBOR expires is all about fallback clauses and the International Swaps and Derivatives Association is taking further steps to firm up the post-IBOR world.
TMA published feedback from market participants on HONIA as the successor to HIBOR in late December but unlike its US counterpart SOFR, Asian businesses are taking time to adapt
There were some big stories in 2019, but the cheap price of borrowing is likely to continue to bleed into 2020. CT takes a look at the best-read stories of 2019 as we wish all our readers a Merry Christmas and a very ...
Financial firms can’t seem to come to an agreement on the unofficial “pre-cessation” trigger that will signal the beginning of the end for Libor. Meanwhile, SOFR faces some controversy.
Steady pickup in money markets using the Secured Overnight Financing Rate is helping financial industry participants formulate fallback language for existing financial products that use Libor.
As the cliff-edge of Libor’s demise approaches, corporates are caught in a chicken and egg problem of alternative benchmarks with limited liquidity. Can it be fixed?
Blockchain? Libor? IFRS 9? What's a treasurer to do? CT takes a look at the best-read stories of 2018 as we wish all our readers a Merry Christmas and a very prosperous New Year