[Asia Economy Reporter Park Sun-mi] With the LIBOR rate calculation set to be discontinued in January next year, financial authorities and major banks are in the final stages of preparation. Banks are ...

LIBOR, or London Inter-bank Offered Rate, is finally bidding farewell from global markets as the global banks are preparing for a transition to new alternative reference rate (ARR) such as the secured ...

Singapore’s key benchmark for interest rate swaps could be replaced by an alternative version that applies a spread adjustment over the US dollar risk-free rate to preserve the present value of ...

At Risk.net‘s Libor Virtual Week, the UK Financial Conduct Authority’s (FCA’s) head of markets policy, Edwin Schooling Latter, reminded us that, under the supplement, any announcement of Libor ...

Dubai, UAE – Finastra announced today the availability of Fusion LIBOR Transition Calculator, a service that enables banks to calculate Alternate Reference Rates (ARR) or Risk-Free Rates (RFR). The ...

Chairman Sherman, Ranking Member Huizenga, and members of the subcommittee, thank you for the opportunity to appear today. My testimony will discuss the importance of ensuring a smooth, transparent, ...

NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) today announced that all U.S. law-governed U.S. dollar LIBOR ICE Swap Rate (“USD LIBOR ISR”)-linked debt securities issued by Morgan Stanley and ...

SOFR is an identified replacement for USD (US Dollar) LIBOR (London InterBank Offered Rate), which is expected to be phased out at the end of 2021. The sunset for LIBOR has been triggered by the ...

In 2012, the London interbank offered rate -- Libor -- gained worldwide notoriety when it emerged that traders had conspired to manipulate this vital financial benchmark. Clearly, the system was ...

(Reuters) - The Federal Reserve Bank of New York may have known as early as August 2007 that the setting of global benchmark interest rates was flawed. Following an inquiry with British banking group ...