Since the 2017 announcement by the UK Financial Conduct Authority (the “FCA”) that it would no longer compel panel banks to submit quotations on which certain IBOR benchmark rates are based to the ...

The impending move from interbank offered rates to alternate reference rates will require important changes to many valuation and risk management processes and infrastructure. EY Financial Services’ ...

On October 23, 2020, the International Swaps and Derivatives Association (ISDA) published its long-awaited IBOR Fallbacks Supplement (Supplement) and IBOR Fallbacks Protocol (Protocol), marking a ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The Refinitiv USD IBOR Cash Fallbacks, as the rates will be known, will ...

Q: In a sentence or two Phil, what is this study about? Phil Tattersall: There has been some great progress recently in terms of the IBOR dialogue, and I think Waters has done a great job in curating ...

In the first part of this article, we highlighted the current state of Interbank Offered Rates (IBORs), the factors behind the shift from IBORs to Alternate Reference Rates (ARRs), and the top 10 ...

Virtually every bank that participated in the recent ISDA IBOR Global Benchmark Transition survey, expressed concern about their organization’s level of exposure to IBORs. It’s easy to see why.

In the latest development in the IBOR transition, on the weekend of July 25th, we saw the major CCPs perform the much-anticipated Euro discounting and price alignment transition from using EONIA to ...

Final regs generally don’t require taxpayers to recognize gain or loss when modifying contracts to replace discontinued interbank offered rates. However, to qualify for this favorable treatment, the ...

This year, North American countries will reach another milestone in the financial markets transition from unsecured rates to risk-free rates (RFRs). The United States transitioned away from LIBOR on ...