FCA confirms end of US dollar LIBOR bank panel
The UK FCA confirms that overnight and 12-month US dollar LIBOR settings have now permanently ceased.
The UK FCA confirms that overnight and 12-month US dollar LIBOR settings have now permanently ceased.
The UK Financial Conduct Authority (FCA) today issued final messages before the important end-June 2023 deadline.
CME Group completes key milestones in the conversion of Eurodollar futures, options and cleared swaps to SOFR-based derivatives.
IBA must continue the publication of the 1-, 3- and 6-month US dollar LIBOR settings for a short period after 30 June 2023.
The UK FCA is seeking views on winding down the 1, 3 and 6-month synthetic sterling LIBOR settings.
The FCA announces that the six most widely used GBP and JPY settings will be published using a changed methodology from today.
From 1 January 2022, 24 of the 35 LIBOR settings, which relate to specific currencies and time periods, will no longer be available.
Refinitiv will cease the publication of settings of Tokyo Swap Rate (for swaps referencing 6-month JPY interbank offered rates from London banks).
Standard Chartered has successfully completed its first Trade Loan transaction in Hong Kong referencing the USD SOFR.
Refinitiv launches USD IBOR Institutional Cash Fallbacks in production to facilitate industry transition from USD LIBOR.