updated Thu. September 5, 2024
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Financial Post
March 9, 2018
A committee of large banks tasked with helping U.S. derivatives markets move away from reliance on the London interbank offered rate (Libor) said on Monday that the benchmark rate underpins more derivatives and loans than previously thought, adding to the need to reduce its influence. The AlternativeÃâà...
Seeking Alpha
March 7, 2018
The Financial Conduct Authority's head, Andrew Bailey, has reconsidered his endorsement of the Fed's overnight repo rate. He identifies the shortcomings of the Fed proposal in a recent speech. But his vague description of an alternative synthetic LIBOR rate has the selfsame flaw LIBOR has: It is not aÃâà...
MarketWatch
March 7, 2018
The London interbank offered rate, known by the acronym Libor, is back on investors' radar. Libor reflects what banks charge to borrow dollars from each other and is used as a benchmark for trillions of dollars worth of loans. The rise is nothing like the panic mode of 2008, when soaring Libor reflected aÃâà...
Economic Times
March 4, 2018
The ministry of finance said on Twitter that it would offer banks a margin of 75 basis points over the London Interbank Offered Rate (Libor) for the loan, which Saudi Arabia's Debt Management Office plans to close by mid-March. Offers from ... It offered banks a margin of 103 basis points over Libor.
Risk.net
March 2, 2018
While remembering with a bit of nostalgia the years of modelling complex derivatives, he thinks rates quants such as himself will be having fun developing new models for interest rate derivatives that will be necessary considering the co-existence of Libor, OIS, SOFR and possibly other rates.
Seeking Alpha
March 2, 2018
Since the Great Financial Crisis, officials in the US and Europe have been moving to find an alternative to LIBOR. The London Inter-Bank Offered Rate is an important benchmark for trillions of dollars of contracts. The problem is that it was rigged and some argue that it is not there may be a better and moreÃâà...
FXStreet
March 1, 2018
The three-month rate for dollar Libor (London Interbank Offered Rate) has jumped to a 10-year high of 2 percent this week, signaling a rise in the short-term US dollar funding cost. "About $350 trillion of financial products and loans are linked to Libor, with a large chunk hinged to the dollar-basedÃâà...
Risk.net
March 1, 2018
The Japan Securities Clearing Corporation (JSCC) will launch a new set of Tokyo overnight average rate (Tonar) swaps for clearing this month, to aid the swaps market's transition away from the yen Libor benchmark. But some market participants are sceptical the move will produce enough extra liquidity.
The Sun
March 1, 2018
TREASURY chiefs are reviewing all Libor charity cash grants after ministers raided hundreds of millions for their own budgets. The internal probe was quietly ordered last year, and findings promised to the National Audit Office after the watchdog raised serious concerns about how the jumbo charity pot wasÃâà...
Telegraph.co.uk
March 1, 2018
The "Libor-OIS spread' – watched carefully by traders – has risen to levels reached during the onset of the Chinese currency crisis in early 2016, and during the onset of the Italian and Spanish funding crisis in late 2011. The three-month rate for dollar Libor (London Interbank Offered Rate) used to price aÃâà...
Toronto Star
February 23, 2018
NEW YORK—A U.S. appeals court has ruled in favour of Charles Schwab Corp. and several of its mutual funds, giving new life to their lawsuits alleging 16 financial institutions including Royal Bank of Canada conspired to manipulate the benchmark Libor interest rate. The 2nd U.S. Circuit Court of AppealsÃâà...
ABA Banking Journal (blog)
February 21, 2018
There has been a lot in the financial press recently about Libor—the London interbank offered rate—and efforts to identify and implement alternatives to Libor. A measure of the rate at which large banks can borrow from one another on an unsecured basis, Libor is a reference rate underpinning more thanÃâà...
ABA Banking Journal (blog)
December 31, 1999
The Alternative Reference Rate Committee today issued a second report summarizing its decision to adopt the Secured Overnight Financing Rate — or SOFR — a broad measure of overnight Treasury financing transactions, as an alternative to U.S. dollar Libor. As announced last week, the New YorkÃâà...
