JD Supra

The End of LIBOR: Hotel California Edition [Part III]

During the London InterBank Offered Rate (LIBOR) transition, and post LIBOR’s end date of June 30, 2023, the goal for all should be that (1) the effective interest rates be generally economically ...
AOL

What was the LIBOR rate, and what happened to it?

LIBOR set interest rates for trillions of dollars in loans for over 30 years. Banks manipulated the rate because it relied on estimates rather than real transactions. A new system called SOFR replaced ...
Business Wire

U.K. Financial Conduct Authority Issues Final Announcement Regarding the Cessation of U.S. Dollar LIBOR

LONDON--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today notes the final announcement from the U.K. Financial Conduct Authority (FCA ...
Euromoney

Libor: Banks must jump before they are pushed

On Thursday, the risk-free rate working group at the Bank of England published its priorities for the transition away from Libor to Sterling’s risk-free replacement interest rate, Sonia. Making a firm ...
The TRADE

FCA confirms no chance of further Libor extension as September deadline approaches

The UK’s Financial Conduct Authority (FCA) today issued a reminder of the expected cessation of the remaining synthetic US dollar LIBOR settings in late September 2024. With three months to go until ...
Asset Servicing Times

Fed provides examiner guidance for LIBOR transition plans

The Federal Reserve has issued guidance to assist examiners in assessing supervised firms’ progress in preparing for the London Interbank Offered Rate (LIBOR) transition. The interagency statement ...
Business Wire

ICE Benchmark Administration Provides Update Regarding the Cessation of U.S. Dollar LIBOR

LONDON--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that ICE Benchmark Administration Limited (IBA), the authorized ...
Nasdaq

Leading Asian Financial Institutions Leverage Adenza’s Platform to Opportunity to Accelerate their LIBOR Transitions

One of Thailand’s largest commercial banks, a top-tier private bank in India, and two regional banks in Korea have selected Adenza’s Calypso LIBOR solution to efficiently transition to the new global ...
JD Supra

The End of LIBOR: Hotel California Edition [Part IV]

During the transition of the London InterBank Offered Rate (LIBOR) to the approved substitute benchmark in the United States, the Secured Overnight Financing Rate (SOFR), a basic question was raised ...
Nasdaq

ICE Benchmark Administration Provides Update Regarding the Cessation of Sterling LIBOR®

LONDON--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that ICE Benchmark Administration Limited (IBA), the authorized ...