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News Stories (7 Results) - LIBOR

The January 2021 launch of fallbacks for derivative contracts that reference Libor will still make it challenging for the industry to adopt new term rates referencing the Secured Overnight Financing Rate (SOFR) before Libor ceases to be quoted at end... Read Story
October 13, 2020, 09:00 AM

The Financial Stability Board (FSB) reiterated its position that transformational changes to the global banking system must continue despite the CoVID-19 crisis.The FSB’s Official Sector Steering Group (OSSG) is monitoring the developments closely... Read Story
July 13, 2020, 09:00 AM

The transition from U.S. dollar (USD) London Interbank Offered Rate (Libor) to its likely replacement, the Secured Overnight Funding Rate (SOFR), presents heightened risks for U.S. financial institutions (FIs), Fitch Ratings says. Banks may face... Read Story
February 20, 2020, 09:10 AM

The Alternatives Reference Rates Committee's (ARRC) suggestions for addressing the discontinuation of LIBOR leave some risk to borrowers and lenders with respect to loan repricing, according to Fitch Ratings.As anticipated, the ARRC has recently... Read Story
October 10, 2018, 08:01 AM

Bloomberg reports UK prosecutors are poised to arrest former traders and rate setters at UBS AG (UBSN), Royal Bank of Scotland Group Plc and Barclays Plc (BARC) within a month for questioning over their role in the Libor scandal. The arrests will be... Read Story
November 12, 2012, 07:29 AM

After being rigged by some of the world’s biggest financial institutions, the London interbank offered rate, the benchmark for more than $300 trillion of securities and loans, is now increasingly being set by a smaller group of banks.Bank of America... Read Story
October 08, 2012, 08:00 AM

Reuters reports Britain's top financial watchdog delivered a 10-point plan to fix LIBOR but stopped short of scrapping the benchmark interest rate in a much-awaited reform of a system plagued by scandal."The system is broken and needs a complete... Read Story
September 28, 2012, 07:00 AM