FCA consults on winding down ‘synthetic’ sterling LIBOR
The UK FCA is seeking views on winding down the 1, 3 and 6-month synthetic sterling LIBOR settings.
The UK FCA is seeking views on winding down the 1, 3 and 6-month synthetic sterling LIBOR settings.
Plaintiffs in a LIBOR manipulation lawsuit push for a final approval of their settlement with Credit Suisse and MUFG.
The FCA encourages firms to continue to pursue the transition of legacy sterling LIBOR contracts using the temporary synthetic LIBOR.
The Second Circuit Court of Appeals has reversed the fraud convictions of former Deutsche Bank traders accused of LIBOR rigging.
MUFG and Credit Suisse have each agreed to pay $380,000 to settle a case accusing them of LIBOR manipulation.
FX News Group reviews how some of the world’s major Forex and CFD brokers adapt to IBOR transition.
ICE has transitioned all open interest held in Sterling and Euroswiss LIBOR-based derivatives to their RFR equivalent contracts.
From 1 January 2022, 24 of the 35 LIBOR settings, which relate to specific currencies and time periods, will no longer be available.
The FCA will allow the temporary use of ‘synthetic’ sterling and yen LIBOR rates in all legacy LIBOR contracts, other than cleared derivatives.
As of 13 December 2021, ThinkMarkets is changing the interbank benchmark rate used to calculate overnight interest.